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“JPM’s chief economist, others disagree with Dimon’s ‘hurricane’ warning” JPMorgan Chase boss Jamie Dimon’s view of a looming “hurricane” for the US economy has some notable dissenters, including his bank’s own chief economist Bruce Kasman, who sees clearer skies. Kasman said Monday that there is “no real reason to be worried about a recession,” arguing…
“Bank of America’s Brian Moynihan downplays Jamie Dimon’s ‘hurricane’ warning” Bank of America CEO Brian Moynihan downplayed dire forecasts about the state of the US economy this week even as a fellow bank boss, JPMorgan Chase’s Jamie Dimon, warned of a looming “hurricane” for investors. Moynihan delivered his own outlook for the economy at the…
“JPMorgan CEO Jamie Dimon warns an economic ‘hurricane’ is coming” JPMorgan Chase boss Jamie Dimon urged investors Wednesday to prepare themselves for turbulence in the market in the weeks ahead – warning that extraordinary financial circumstances were creating a potential “hurricane” for the economy. Dimon, the head of the largest US bank, said factors such…
“JPMorgan shareholders reject special payout to Jamie Dimon” Only 31% of votes cast in a shareholder advisory referendum on Tuesday supported JPMorgan Chase in its special $52.6-million award last year to CEO Jamie Dimon to stay on the job for at least five more years. The preliminary count announced at the meeting is an unusual rebuff from shareholders. While say-on-pay votes are…
“JPMorgan’s Jamie Dimon warns ‘cold war is back’” JPMorgan chief Jamie Dimon gave another dire warning about the Ukraine war’s potential long-term impact on the global economy on Wednesday – cautioning that an escalation in the brutal Russian invasion is a potential “disaster” that could cause an economic slowdown. Dimon indicated that he is more…
“Junior Goldman Sachs bankers threaten to quit over ‘5 days a week’ office rule” Junior bankers at Goldman Sachs are threatening to quit over demands that they show up to the office five days a week as the pandemic wanes — and some gripe that their bosses have been quietly checking attendance. As bonuses across…
“#Goldman CEO David Solomon gets 27% pay bump to $35 million” Goldman Sachs Chief Executive Officer David Solomon will get a 27% raise in annual pay, bringing his total compensation for 2021 to $35 million, the bank said on Friday. The news on the Goldman chief’s pay comes after competitor James Gorman, CEO at Morgan Stanley, also…
“#Goldman Sachs CEO David Solomon playing it ‘cool’ with mergers” Goldman Sachs has been looking to do a big deal, or what investment bankers call “transformative,” for years now. So what are they waiting for? People there keep telling me they need asset prices of merger partners to “normalize,” aka fall enough so Goldman remains…
“# Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey ” One of the world’s largest investment banks has its Bitcoin (BTC) price predictions ready for 2022. In a recent poll, JPMorgan Chase asked its clients “where do you see Bitcoin trading at 2022 year-end?” Just 5% said they saw the digital…
“#Dimon’s son-in-law caught in $21M dispute between Apollo, oil exec” Jamie Dimon’s son-in-law has been caught up in an ugly dispute with a Texas-based energy executive, who has accused him, along with private-equity giant Apollo Global Management, of orchestrating a scheme to stiff the oil-and-gas driller out of his stake in the lucrative company he…