Browsing articles tagged with " jp morgan"
fix "capital planning" issues found during the latest the stress test, Dimon doesn't seem to lose his confidence.
trade that went bad? That's a lot of turkey or pie or stuffing or whichever Thanksgiving themed dish you prefer. The question is though: How much did the ad cost JP Morgan to make and run?
“I expect this is meant as a sign of his confidence in the bank,” John Coffee, a securities-law professor at Columbia University Law School, said in an e-mail. (Bloomberg)Dimon sold some of his preferred shares of JPM, though. The stock didn't move much on the news. Here's the SEC Form showing the stock transactions by Dimon.
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
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
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
CNBC alerts us to the Federal Reserve plans to stress test the six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis. Below is the inevitable Jamie Dimon quote on how JP Morgan doesn't need to do a stress test and how he's tried of being lumped together with all these other crummy banks:
"Why in the hell do we have to go through a stress test. JP Morgan is the best bank in the world. We don't need to raise any capital. We are prepared for any kind of European crisis.
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