Browsing articles tagged with " jamie dimon"
fix "capital planning" issues found during the latest the stress test, Dimon doesn't seem to lose his confidence.
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In the weeks leading up to the JP Morgan conference call, Jamie Dimon met with this team in a secret location to "hammer out" what phrase they should use to describe the London Whale trade and the resulting loss of $5.8 billion over two quarters. The team met late into the night in a secret New York office until it final hit Jamie Dimon that the best phrase was, "shot ourselves in the foot". The phrase was chosen with the utmost of care, as Jamie Dimon's previous reference to the trade as a "tempest in a teapot" showed
"Soy un perdedor/I'm a loser baby, so why don't you kill me?"That said, Jim Cramer made it clear that he thinks Jamie Dimon is a loser despite the fact that he "performed" well in front of the Senate Banking Committee. Dimon was cool and calm and didn't make any statements that would bring more negative attention to JP Morgan. However, Cramer
Reuters Pictures It's about time that arrogant son of a bitch Jamie Dimon got some comeuppance. To think he called me out at my own meeting, asking about removing some regulations, saying, "has anyone bothered to study the cumulative effect of these things." That's a laugh, especially when he doesn't even know what's going on at his own bank. Tempest in a teapot. That's hilarious. I'm happy to see his hair turn whiter and whiter everyday. Just look at my beard and you can see how I suffered through the financial crisis. Dimon strolled around here like he's mister
Getty Images Scene: Jamie Dimon at his desk writing in his diary. There's a mirror over the desk that he looks up at from time to time. Date: 5/10/12 Today was a tough day, but it wasn't your fault. Yes, you knew about the hedged bet...it was said to be under control. No, you are not like Jon Corzine. Stop saying that. You're nothing like Corzine. Stop beating yourself up. JP Morgan is still a bank with a fortress balance sheet. Never forget that. Sure, $2 billion is a lot of money but just look at what you've done over the last three
Reuters Pictures In light of the "hedged" trading loss of $2 billion, it's fun to look back on JP Morgan CEO Jamie Dimon's quotes from the past few years. The once praised and bowed down to banker doesn't seems so bullet proof anymore. What's more, these quotes come across as actually quite pompous. Really, it's hard not to laugh the words that come out of Jamie Dimon's mouth. The first one nobody's going to forget.
"It's a complete tempest in a teapot." "I have a great fear someone's going to try to write a book in 20 years, and the book
In his "No Huddle Offense" segment, Cramer sounded off on the JPMorgan Chase (JPM_) bad-trade debacle, as his charitable trust, Action Alerts PLUS, is in the unfortunate position of holding shares of the ill-fated investment bank. Cramer said he can't blame CEO Jamie Dimon, but it's his job to be more skeptical. He admitted that his trust
Wall Street Journal:
J.P. Morgan Chase & Co., the nation’s largest bank, surprised the market today, saying it has taken large losses stemming from derivatives bets gone wrong in
Those who were there, in the room, say a single tear fell down the side of Jamie Dimon's cheek as he rehearsed for JP Morgan's upcoming conference call, practicing what he would say to the financial world:
"I ask you to stop the hate. I just can't take it anymore. I am not a bad person. Yes, I'm rich but I've worked hard to get where I am. I'm just a banker trying to do good. To loan money. To create jobs. To help our shareholders. To help America become great again. To build the best bank in the
I'm tired of everyone ganging up on me. It's not fair. What did I do wrong? And I thought they weren't letting any journalist into this investors conference, it was only for the truly rich. Just because I built up the best bank in the world, and stand up for it when poor people attack it, people write and say bad things about me. They're just jealous. Who the hell is Josh Brown anyway? What if I wasn't there to save Bear Stearns and Washington Mutual? It's like people forget about those days so quickly.
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