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He is willing to publicly admit mistakes, as he did with the London Whale trading debacle of 2012.
The case that he should step away later rather than sooner is equally strong, and it’s one Dimon also acknowledges.
By comparison, JPMorgan has been pretty scandal-free under Mr Dimon—with the exception of the “London Whale” farrago, when a rogue trader cost the institution over $6bn.
The comings and goings of Wall Street executives are common, even at the highest levels. But Dimon and JPMorgan are a different story.
Jamie Dimon, the CEO and chairman of JPMorgan Chase, released his annual letter to shareholders this morning, outlining various issues facing the company, the banking sector, and the world as a whole.
JPMorgan Chase is the biggest bank in the world. How did Jamie Dimon build it into a $4 trillion colossus?
JPMorgan CEO Jamie Dimon purchased the bank's shares on the open market on three occasions. He seemed to call the bottom each time. Dimon stepped in to buy stock when the market was punishing ...
Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take ...
In 2012, JPMorgan lost $5.8 billion after a London-based trader nicknamed the "London whale" took risky positions in credit derivatives. At the time, Dimon said "I should have caught it ...
JPMorgan Chase & Co <JPM.N> CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank ...
Jamie Dimon, the longtime chairman and chief executive of JPMorgan Chase, had an emergency medical procedure on his heart on Thursday, according to a memo sent to bank employees.
The third trader laid more of the blame on JPMorgan CEO Jamie Dimon. Bruno Iksil, aka The London Whale, a London-based trader, had borne the brunt of most of the super-size losing trades, which ...
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