Sunday, May 13, 2012

Jamie dimon

  • NEW YORK -- The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was dead wrong when he dismissed concerns about the banks trading last month.
  • (Huffington Post)
  • Although JPMorgan Chase suffered a trading loss of at least $2 billion due to a failed hedging strategy, it will not be life threatening to the bank, CEO Jamie Dimon said in an interview aired Sunday.
  • (CNBC)
  • JPMorgan Chase CEO Jamie Dimon says he made a "terrible, egregious mistake" by dismissing concerns about his bank's trading last month as a "tempest in a teapot." "First of all, I was dead wrong when I said that.
  • (
  • They are the first departures of leading officials since Jamie Dimon, the chief executive, disclosed the bank's stunning $2 billion loss on Thursday.
  • (New York Times)
  • Drew, 55, one of the highest-paid officials at JPMorgan Chase, had offered to resign several times since CEO Jamie Dimon disclosed the trading loss on Thursday, the person said. Pressure built on the bank over the weekend to accept.
  • (AP -
  • May 13 (Bloomberg) -- JPMorgan Chase Co. Chief Executive Officer Jamie Dimon said he was dead wrong in initially dismissing news reports scrutinizing trades that led to a $2 billion loss and that it gives ammunition to proponents of tighter regulations.
  • (San Francisco Gate)
  • JPMorgan Chase CEO Jamie Dimon is urging Democrats and Republicans to "put their knives down and get back to work for the American public.
  • (
  • The $2 billion trading loss at JPMorgan — a failure of the famed risk-management prowess of bank chief Jamie Dimon — is cause for celebration in some quarters. Dimon deftly steered his bank from most of the excesses that brought about the 2008 banking crisis.
  • (New York Post)
  • NEW YORK: Could Jamie Dimon really be as clueless as he sounded on the phone Thursday? Last month, after Bloomberg News broke the story that JPMorgan Chase Co.
  • (Akron Beacon Journal)
  • Drew, a close associate of bank president Jamie Dimon, ran the risk-management division that was responsible for the enormous losses revealed on Thursday. A longtime star at the bank, she made $15.5 million last year and was listed at No.
  • (New York Daily News)

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