Jamie Dimon

Stories 1 - 20 |  Next >>

Biggest Bank Suggests US Has Achieved a 'Soft Landing'

JPMorgan exec uses the phrase while discussing better-than-expected quarterly results

(Newser) - The Federal Reserve has been adjusting rates and watching inflation as it attempts to pull off an elusive "soft landing" for the economy. On Friday, an exec at the nation's biggest bank said the central bank appears to have pulled it off and avoided a recession. After JPMorgan...

Jamie Dimon Is on the Hunt for His Replacement

It's reportedly a top priority for the 68-year-old JPMorgan CEO

(Newser) - After 18 years as head of America's largest bank, JPMorgan Chase CEO Jamie Dimon is preparing to retire. Indeed, finding a successor is now his top priority, Reuters reports. Earlier this year, the 68-year-old indicated he would retire in fewer than five years, but Bank of America analysts predict...

Trump Denies Considering Dimon for Treasury Secretary

'I don't know who said it, or where it came from, perhaps the Radical Left'

(Newser) - Donald Trump has denied reports that he's considering JPMorgan Chase CEO Jamie Dimon or BlackRock CEO Larry Fink for Treasury secretary if he wins a second term. "I don't know who said it, or where it came from, perhaps the Radical Left, but I never discussed, or...

Dimon Issues Warning About Markets
Dimon
Issues
Warning
About Markets
Apr 12, 2024 1:45 PM CDT

Dimon Issues Warning About Markets

JPMorgan Chase boss finds markets a little 'too happy'

(Newser) - He's been wrong about this before, as when he expected a major recession for last year, but still, Jamie Dimon has unique experience and a good view of the global economy. So reporters listened Friday when the chief executive of JPMorgan Chase elaborated on why he senses trouble ahead....

Long-Cautious Jamie Dimon Has Another Economic Warning

He sees the potential for interest rates to hit 8% or more

(Newser) - Some market watchers suspect the Fed won't cut rates at all in 2024. JPMorgan Chase CEO Jamie Dimon sees the potential for things to move sharply in the other direction. In an annual letter to JPMorgan Chase shareholders released Monday, Dimon warned that while he expects the US economy...

George Lucas Picks His Player in Disney Proxy Battle

'Star Wars' filmmaker goes to bat for CEO Bob Iger in fight against Nelson Peltz, as does Jamie Dimon

(Newser) - Nelson Peltz's hedge fund is trying to seize two seats on Disney's board of directors, but he's got some opposition, including from one of the entertainment giant's biggest single shareholders: Star Wars director George Lucas, who says he's backing the board and the leadership of...

JPMorgan Settles With Epstein Victims for $290M

'We all now understand that Epstein's behavior was monstrous,' says bank accused of enabling him

(Newser) - JPMorgan Chase has reached a settlement in a class-action lawsuit with victims of financier Jeffrey Epstein. Sources tell the Financial Times that the banking giant has agreed to pay $290 million. Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash...

Jamie Dimon: Repercussions of Bank Crisis Will Last

But JPMorgan chief emphasizes it's not as severe as the 2008 crisis

(Newser) - Ten months ago, the chief of America's biggest bank warned that an economic "hurricane" was brewing and might slam the US. On Tuesday, Jamie Dimon of JPMorgan Chase sounded a lot more optimistic about the forecast, referencing "storm clouds" instead, reports Axios . In his annual letter to...

Jamie Dimon: US Recession Likely Within 6 to 9 Months
Jamie Dimon:
Recession
Lies Ahead
Oct 11, 2022 6:39 AM CDT

Jamie Dimon: Recession Lies Ahead

'This is serious stuff,' JPMorgan Chase CEO says, as Fed didn't do nearly enough in time

(Newser) - The US economy is "actually still doing well" right now, JPMorgan Chase CEO Jamie Dimon said Monday—but that statement comes with a big "but." Dimon, in an interview with CNBC , continued, "you can’t talk about the economy without talking about stuff in the future—...

Even With $2.5B, Oprah Isn't Among 400 Richest in US

Kanye West doesn't make the cut, either, though Donald Trump does

(Newser) - Donald Trump has found his way back onto Forbes' list of the 400 richest Americans. The former president was excluded in 2021 for the first time in 25 years. But with an estimated net worth of $3.2 billion—up from $2.5 billion last year—he's back for...

Bank CEO: 'Brace Yourself' for an Economic 'Hurricane'

'We don’t know if it’s a minor one or Superstorm Sandy,' Jamie Dimon says

(Newser) - The chief of America's largest bank says an economic "hurricane" is brewing and the Federal Reserve will face a huge challenge as it tries to rein in inflation without causing a recession. "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed...

Jamie Dimon Warns of Unprecedented Trifecta

Pandemic recovery, Ukraine war, and high inflation could 'dramatically increase' risks to economy

(Newser) - JPMorgan CEO Jamie Dimon is out with his annual letter to shareholders, which Axios notes is closely watched in financial circles. The Wall Street Journal finds that it's less rosy than last year, when he saw a potential "Goldilocks" moment of sustained growth on the horizon. This year,...

JPMorgan CEO Regrets Joke About Chinese Government

Jamie Dimon said bank would probably outlast Chinese Communist Party

(Newser) - JPMorgan Chase CEO Jamie Dimon says "he truly regrets" a quip he made this week about JPMorgan outlasting the Chinese Communist Party. At an event in Boston Tuesday, Dimon said, "I was just in Hong Kong and I made a joke that the Communist Party is celebrating its...

JPMorgan Chief Survives Health Scare

Jamie Dimon had emergency heart surgery

(Newser) - JPMorgan Chase CEO Jamie Dimon is recovering from another health scare, six years after he survived throat cancer . The bank says the CEO is "recovering well" after emergency heart surgery Thursday to treat an acute aortic dissection—a separation of tissues in the aorta wall, which is often fatal....

Chase Slammed for 'Poor-Shaming' After 'Motivational' Tweet

Elizabeth Warren among critics hitting Chase

(Newser) - Chase Bank's #MondayMotivation tweet was better suited for #ToneDeafTuesday, according to critics. The since-deleted tweet set up a hypothetical conversation between a bank account and its owner, who ponders the reasons for a low balance. "I guess we'll never know," the customer said, despite the bank...

Jamie Dimon: We've 'Bifurcated' the Economy

JP Morgan Chase CEO says the poor are being left behind

(Newser) - There are two Americas, according to JPMorgan Chase CEO Jamie Dimon: In one, people are benefiting from corporations that are doing well. In the other, however, people are really struggling. "I don't want to be a tone deaf CEO," Dimon said, per CNBC , at the bank's...

Jamie Dimon Says He Could Beat Trump, Immediately Backtracks

'I should not have said it,' JPMorgan Chase head later clarifies

(Newser) - Jamie Dimon had fighting words for President Trump Wednesday morning, but by noon the JPMorgan Chase & Co. chairman and CEO was already backtracking. "I think I could beat Trump" in an election, Dimon said at an event celebrating the company's philanthropy. "I’m as tough as...

3 Corporate Giants to Go After the 'Hungry Tapeworm'

Amazon, JPMorgan, Berkshire Hathaway will team up on health care

(Newser) - "The ballooning costs of health care act as a hungry tapeworm on the American economy," says Berkshire Hathaway CEO Warren Buffett, and he has teamed up with some equally huge names in an attempt to go after said tapeworm. Amazon.com, Berkshire Hathaway, and JPMorgan Chase on Tuesday...

Republicans Get More Good News on Tax Changes

Starbucks, Disney plan raises and bonuses, and Jamie Dimon predicts economic growth

(Newser) - Republicans have a few more bragging points over their newly passed tax plan , which slashed the corporate tax rate from 35% to 21%.
  • Starbucks: The chain is giving its US workers pay raises and stock grants this year, citing the tax changes, per the AP . Employees also soon will be
...

JPMorgan Chase Head on Bitcoin Buyers: 'They're Stupid'

Jamie Dimon predicts big losses for the digital currency

(Newser) - Jamie Dimon says he would fire any employee caught trading bitcoin "in a second," the Guardian reports. "It’s against our rules, and they’re stupid. And both are dangerous," the head of JPMorgan Chase said at a conference Tuesday. According to Reuters , bitcoin dropped 10%...

Stories 1 - 20 |  Next >>