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“#Jamie Dimon open to relocating chunks of JPMorgan Chase” When Jamie Dimon took over as CEO of JPMorgan Chase 15 years ago, he noticed something strange: Occupying the bank’s most expensive real estate, with prime Park Avenue views, was a floor full of computer servers. Dimon, according to JPMorgan insiders, asked why couldn’t those same…
“#JPMorgan Chase fined $250 million over risk management failings” JPMorgan Chase has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a US regulator said Tuesday, in the second chunky penalty for the bank in less than two months. The Office of the Comptroller of…
“#Jamie Dimon takes jab at Trump’s refusal to concede the election” Jamie Dimon took shots at the outgoing Trump administration, even as he made it clear he won’t be joining the Biden White House. In a Wednesday interview, the JPMorgan Chase chief took thinly veiled jabs at President Trump for refusing to concede the election,…
“#Jamie Dimon should be top pick for Joe Biden’s Treasury secretary” Talk to people who know Jamie Dimon, the best banker in the business, and they will tell you that he really wants to work in government at some point in his career. Given his political sensibilities (moderate Democrat), and skills (15 years running the…
“#Jamie Dimon urges ‘faith’ and ‘patience’ amid election uncertainty” JPMorgan Chase boss Jamie Dimon is urging ”faith,” “patience” and “fortitude” as Wall Street sorts through a tense presidential election that may not get resolved for days. “While strong opinions and tremendous passion characterized this US election, it is the responsibility of each of us to…
“#JPMorgan warns of potential fine over ‘historical deficiencies’” JPMorgan Chase said it might be paying another big fine this year as federal regulators have notified Jamie Dimon and his team that there are issues with their internal controls. According to a late-Monday filing, the Wall Street giant could be hit with a penalty from an…
“#Goldman Sachs CEO to give bankers a half-day off to vote” Goldman Sachs chief David Solomon said Monday he will give staff a paid half-day off on Nov. 3 to vote in an election season marred by the coronavirus. “We recognize that the pandemic raises unique challenges for those who want to exercise this civic…
“#MSNBC’s Stephanie Ruhle questioned after JPMorgan Chase segment” MSNBC senior business reporter Stephanie Ruhle filmed promotional segments for JPMorgan Chase, a bank she covers — raising questions of potential conflicts of interest. Ruhle, the weekday “MSNBC Live” anchor, joined ESPN’s Jay Williams in a six-minute Chase video focusing on financial planning around the COVID-19 pandemic,…
“#Goldman Sachs offers free COVID-19 testing as employees return to office” Goldman Sachs will introduce coronavirus testing and tracing for its downtown Manhattan headquarters as it moves to get staff back in the office after months of pandemic disruption. The $2 trillion megabank will offer saliva-based PCR tests and antibody tests at no cost to…
“#JPMorgan pledges $30 billion to narrow the racial wealth gap” Jamie Dimon is setting aside $30 billion of JPMorgan Chase’s money to help narrow the racial wealth gap in America. The CEO of the nation’s largest bank announced on Thursday that the bank will use the unprecedented sum over the next five years toward efforts…