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Embedded Examiners Always Married the Natives, but Now Their Bosses Do Hook Ups
Tuesday, May 29, 2012 - 11:53amJessica Silver-Greenberg and Ben Protess have written an extraordinarily important column for the New York Times about embedded examiners at JP Morgan. http://www.nytimes.com/2012/05/26/business/regulators-role-at-jpmorgan-scrutinized.html?_r=2&hp Embedded examiners are federal...
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Monday, May 21, 2012 - 3:11pm
JPMorgan's Dimon Defends Company at Conference
Earlier today, JPMorgan's (NYSE: JPM) Jamie Dimon spoke at a Deutsche Bank conference. He continued to defend JPMorgan against the recent losses suffered by the bank's trading division. On the loss, Dimon stated that it was far too big and went wrong too quickly. He stated that he would give more...
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Monday, May 21, 2012 - 2:24pm
Bad Timing: JP Morgan Halts Buybacks
JP Morgan CEO Jamie Dimon announced that his embattled bank is halting its daily stock repurchase plan at an investor conference in New York on Monday. Dimon said that the move was designed to increase capital levels to "what we think our Basel III target will be," and not a result of trading...
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Ken Langone Defends JP Morgan and Jamie Dimon
Wednesday, May 16, 2012 - 7:51amHome Depot (NYSE: HD) co-founder, Ken Langone, appeared on CNBC's Squawk Box. Langone was defending JP Morgan (NYSE: JPM) and its CEO, Jamie Dimon by saying that: -Jamie Dimon an incredible human being and good at managing risk. -Every bank that gives out loans puts its capital at risk. -Said...
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Bloomberg Television: TD Bank CEO Ed Clark Talks "Old-Fashioned" Banking and JP Morgan
Monday, May 14, 2012 - 2:38pm
Bloomberg TV's Erik Schatzker sat down with Toronto Dominion CEO Edmund Clark, who calls himself an old-fashioned banker, to talk about the strategy of Canada's second-biggest bank and why the countries' banks have fared better than U.S. counterparts. Clark's "old-fashioned" approach of lending...
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Monday, May 14, 2012 - 1:58pm
Trading Loss Takes a Bite Out of Jamie Dimon's Credibility
According to to a new article in the Washinton Post, Jamie Dimon was responsible for ramping up JP Morgan's (NYSE: JPM) Chief Investment Office from a hedging center into a profit center. David Olson, a former head of credit trading in the firm's chief investment office, was told by executives “We...
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Sunday, May 13, 2012 - 8:10am
Barron's Recap (5/12/12): The Memory-Foam Mattress Industry, Facebook's IPO
This weekend in Barron's online: the pros and cons of memory-foam mattresses and the prospects for Facebook's IPO and for aircraft maker Embraer and semiconductor testing equipment maker ChipMOS. Cover Story "Sex or Sleep?" by Miriam Gottfried. Sales of memory-foam mattresses have surged as more...
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JP Morgan CEO Jamie Dimon Tells Fox Business "This is a Management Issue, Someone Screwed Up and They Are Now Paying"
Friday, May 11, 2012 - 1:54pmJPMorgan Chase CEO Jamie Dimon gave a phone interview to FOX Business Network's (FBN) Charlie Gasparino about the $2 billion trading loss suffered from a failed hedging strategy they disclosed today. Dimon said “we screwed up” and “this is a management issue. Someone screwed up and they are now...
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Wednesday, March 28, 2012 - 2:55pm
JPMorgan's Jamie Dimon Positive on US Economy
Earlier, the CEO of JPMorgan Chase (NYSE: JPM) Jamie Dimon sat for an interview with CNBC. Dimon touched on a number of topics including the US economy and MF Global. Overall, Dimon continued to deliver a positive assessment of the US economy. Dimon stated that the economy is continuing to...
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Sunday, March 25, 2012 - 11:16am
Barron's Recap (3/24/12): Profiles of the World's Best CEOs
This weekend in Barron's online: the annual listing of the top 30 corporate chiefs, a look at Deere, International Game Technology and Alexion Pharmaceuticals, as well as growth in Latin American airlines. Cover Story “World's Best CEOs” by Andrew Bary. Barron's offers up its annual listing of...
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