Frank founder Charlie Javice said JP Morgan CEO Jamie Dimon was “personally” invested in seeing through the bank’s $175 million acquisition of the student-focused startup. POOL/AFP v...
Tag: Jamie Dimon
Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor
A closer shot of Ukraine President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of J.P. Morgan. Coutesy: JP Morgan Summit Ukraine’s government signed an agre...
Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...
JPMorgan CEO Says Rates Could Hit 6% And Bitcoin Is “A Hyped Up Fraud”
(Photo by Mark Wilson/Getty Images) Getty Images Key Takeaways JPMorgan CEO Jamie Dimon has given an interview at the World Economic Forum in Davos, Switzerland, and he wasn’t mincing words. He believ...
Dimon says Congress shouldn’t play games with U.S. creditworthiness
Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Thurs...
JPMorgan Chase (JPM) earnings 4Q 2022
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...
JPMorgan Chase shutters student financial aid website Frank
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Investing In A Higher Interest Rate Environment
While Jerome H. Powell & Co. hiked the target for the Fed Funds rate yet again this week, the current benchmark lending rate of 4.5% is still below the average rate of 4.92% since 1971. And, despi...
Dimon Highlights Need For More Oil And Gas Investment As Vanguard Bails On ESG Group
UNITED STATES – SEPTEMBER 22: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate … [+] Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nat...
Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled
Topline As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as America...
Inflation Fears Did Not Increase In November—First Time In More Than A Year
Topline For the first time in more than a year, Americans’ inflation fears have not increased, according to a new Gallup poll, as high prices, led by the cost of gas, continue to fall heading into the...
JPMorgan Billionaire Dimon Warns That Americans’ Pent-Up Savings Will Deteriorate—Fueling Recession Next Year
Topline Billionaire JPMorgan CEO Jamie Dimon warned on Tuesday that the strength of consumer spending is likely to wane as persistent inflation and higher interest rates force consumers to wind down e...
Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key l...
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
The Economists Who Cried “Recession!”
Wall Street’s Fables: The Economists Who Cried “Recession!” getty At a recent meeting of retail industry executives, the words on everyone’s lips were “the coming recession.” I’m not an economist, but...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
JPMorgan Forecasts ‘Mild Recession’ In 2023— Here’s What Major Financial Institutions Predicted This Week
Topline JPMorgan became the latest major financial institution to predict a recession in the U.S. in 2023—albeit a “mild” one—joining banking giants like Bank of America making similar projections eve...
Goldman Sachs unveils crypto classification system, aimed at institutional investors
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is making a bid t...
JPMorgan Chase unveils payments platform for landlords and tenants
A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and em...
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...
Musk Offers Dismal Recession Prediction: ‘Probably Until Spring 2024’
Topline Billionaire Tesla and SpaceX CEO Elon Musk became the latest high-profile corporate bigwig to offer a dismal economic outlook amid high inflation and three rounds of interest rate hikes, doubl...
Elon Musk says a global recession could last until the spring of 2024
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla founder and CEO Elon Musk thinks the global economic de...
An often-overlooked economic measure is signaling serious trouble ahead
Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Fed...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
J.P. Morgan’s Michael Cembalest Details The Elephants In The Energy Room
Electric power lines deep in the forest. Heavy rain clouds and mountains on the background. getty Every year for the last 12 years, Michael Cembalest, the Chief Investment Officer at J.P. Morgan asset...
Mastercard will help banks offer cryptocurrency trading
A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard is looking to bring crypto to the masses by making...
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty Images JPMorga...
JPM (JPMorgan Chase) earnings 3Q 2022
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...