Jamie Dimon

JPMorgan to cut 5,000 more jobs

'You’re always trimming the sails. That’s business,' said Jamie Dimon. Photo: Xinhua

JP Morgan Chase, the largest bank in the United States, announced thousands of job cuts as its mortgage lending business slows.

Thursday, 27 February, 2014, 1:09am

JPMorgan boss Dimon defends disclosures in Whale episode

JPMorgan Chase chief executive Jamie Dimon has faced repeated criticism over the London Whale. Photo: Reuters

JPMorgan Chase chief executive Jamie Dimon, who won a strong vote of confidence from shareholders last month, has defended the disclosures the bank made last year about its unfolding London Whale derivatives loss.

“We did everything that we thought was the right thing to do,” Dimon said in response to a question about the episode at an investor conference in New York.

12 Jun 2013 - 11:33am

Dimon clings to JPMorgan chairman title - after fight

Jamie Dimon remains chairman and chief executive of JPMorgan Chase after seeing off an attempt by investors to strip him of the chairmanship role. Photo: Reuters

Jamie Dimon, chairman and chief executive of JPMorgan Chase, took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit.

And it worked. At the bank’s annual meeting, JPMorgan shareholders voted down a proposal to strip Dimon of his chairmanship, giving the measure even less support than last year.

22 May 2013 - 10:54am 1 comment

Pressure builds to split JPMorgan top roles

JPMorgan Chase chief executive and chairman Jamie Dimon is coming under growing pressure from investors who want to strip him of the chairmanship. Photo: Reuters

A leading shareholder advisory group Tuesday urged JPMorgan Chase investors to end chief executive Jamie Dimon’s tenure as chairman and fire a majority of the company’s board after a US$6.2 billion trading loss.

8 May 2013 - 11:38am

Who said it?

Stanley Ho Wai-hong

We've heard that workers still working are shouldering additional hours and shifts, so the resentment has been building.

7 Apr 2013 - 1:42am

Slim IPO pickings for Hong Kong investment banks

Any "Dislike" logo?

Hopes that 2013 will be a better year for investment banks in Hong Kong have yet to materialise. Indeed, the latest candidates poised for a listing - Sinopec Engineering and China Galaxy Securities - show no signs of yielding the juicy returns that have investment banks salivating and keep them in business.

19 Mar 2013 - 4:16am

Senate report increases pressure on JP Morgan Chase chief Jamie Dimon

Jamie Dimon is both chief executive and chairman. Photo: NYT

JP Morgan Chase's efforts to hide trading losses, outlined in a Senate report, will probably ignite debate over whether the largest US bank is too big to manage and increase pressure on chief executive Jamie Dimon to surrender his role as chairman.

16 Mar 2013 - 4:01am