Tagged: jamie dimon

Here is the Testimony from Jamie Dimon, CEO of JP Morgan, Delivered to the US Senate Banking Committee

This week, the Chief Executives of the largest banks in the United States visited with the US Senate Banking Committee for the Annual Oversight of Wall Street Firms. Much of the discussion revolved around the “Basel 3 End Game” (B3E) a new set of banking… Read More

JPMorgan Chase Appoints Teresa Heitsenrether as Head of Data and Analytics Division

JPMorgan Chase (NYSE: JPM) has reportedly appointed Teresa Heitsenrether to serve as the Head of a data and analytics division. This, according to a report from Bloomberg on Wednesday (June 21, 2023). This new appointment is part of the banking institution’s wider focus on artificial… Read More

Is PacWest Next? Pacific Western Bank Craters in After Hours Trading

Perhaps Jamie Dimon’s All Clear regarding the bank crisis – telling everyone to take a deep breath after JP Morgan Chase (NYSE:JPM) took over First Republic Bank (NYSE:FRC) was a bit premature. In after-hours trading, PacWest’s (Pacific Western Bank) (NASDAQ:PACW) shares are cratering – currently… Read More

JP Morgan to Acquire First Republic Bank as FDIC Takes Over Floundering Bank

First Republic Bank (NYSE:FRC) was briefly shuttered by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) stepped in as receiver of the bank following weeks of speculation that FRB would be the next shoe to drop in the… Read More

Jamie Dimon Calls Bitcoin a Hyped Up Fraud. Pet Rock

  Jamie Dimon has returned to CNBC bashing crypto once again. In an interview at Davos, the CEO of JP Morgan (NYSE:JPM) was asked about Bitcoin and cryptocurrency. Dimon said he wondered out loud why CNBC spent so much time on crypto, calling Bitcoin a… Read More

JP Morgan CEO Jamie Dimon Calls Crypto “Pet Rocks,” Hammering Crypto Markets Once Again

Jamie Dimon, CEO of JP Morgan (NYSE:JPM) – the most respected CEO on Wall Street, visited with CNBC today in an extended interview that also involved a brief discussion on crypto. In the past, Dimon has been highly critical of cryptocurrencies, recently describing crypto as… Read More

JP Morgan CEO Jamie Dimon Calls Cryptocurrencies Ponzi Schemes

During the House Financial Services Committee hearing on Megabanks today, JP Morgan CEO Jamie Dimon was asked about his opinion on blockchain technology. Dimon said he was not a skeptic when it comes to blockchain, smart contracts, Defi, etc., these are real things in which… Read More

Coinbase Pauses Hiring, Rescinds Job Offers as Economic Reality Hits Home

Not too long ago, Coinbase (NASDAQ:COIN) announced it had paused hiring. Yesterday, Coinbase announced that it was extending the hiring freeze while rescinding certain “accepted offers” for an undisclosed number of new employees. Coinbase is not the only Fintech that is eyeing the current economic malaise… Read More

Beyond Geopolitical Strife and Profound Economic Challenges, Jamie Dimon Worries About Competition from Fintechs

Jamie Dimon’s annual letter to JPMorgan (NYSE:JPM) shareholders is out today. Dimon, probably the most respected bank CEO on Wall Street, crafts a shareholder letter each year where he shares his opinion and perspective on the financial services industry, challenges as well as opportunities. For… Read More

JPM CEO Jamie Dimon Slams Bitcoin as Worthless: Report

Once again, Jamie Dimon, CEO of JP Morgan, is in the news again hating on crypto – this time Bitcoin specifically. Recently, Bitcoin has been on the rise again due in part to an expectation of persistent (not transitory) inflation. Many Bitcoin supporters believe that… Read More

JPM CEO Jamie Dimon: “Banks are playing an increasingly smaller role in the financial system”

JPMorgan Chase (NYSE:JPM) is out with its annual report today and opening up the document is a letter from JPM CEO Jamie Dimon. The annual missive has emerged as the most widely read “dear shareholder” letter in the financial services sector as Dimon is broadly… Read More

Dramatic Rise in SPACs Is Reflection of Market with Surplus Liquidity and Not Enough Assets to Acquire, JPMorgan Exec Explains

JPMorgan Co-President Daniel Pinto recently noted that he doesn’t see another stock market correction “anytime soon,” unless the current situation “changes dramatically.” Pinto also said during his interview with CNBC that Fintech challengers are really good at providing “great client experience.” He acknowledged that they’ve… Read More

Sector-Wide Attitudes are Shifting as Crypto Moves into Mainstream Acceptance

  Last week it was reported that JPMorgan (NYSE:JPM), one of the largest banks in the world and the doyenne of Wall Street big banks, is providing banking services to both Coinbase and Gemini. More specifically, JPMorgan is providing cash management services like wire transfers,… Read More

Jamie Dimon: We have the resources to emerge from this crisis as a stronger country

Legendary banking CEO Jamie Dimon has published his annual letter to investors that typically deals with the performance of JP Morgan Chase (NYSE:JPM). This year’s letter that always garners a broad readershp, has taken a different tone as the bank, as well as the rest… Read More

JP Morgan Keeps Opening Bank Branches While Investing in Tech Including AI and Digital Payments

JP Morgan (NYSE:JPM) is out with Q4 2020 results and the numbers are a clear beat on both the top and bottom line. JPM shares are up about 1% in pre-market trading. JPM is one of the most successful banks in the world benefiting from… Read More

Open Banking? JPMorgan to Enforce Stricter Security Measures by Preventing Third-Party Fintech Apps from Accessing Customer Passwords

JPMorgan Chase, the largest US bank and the sixth-largest in the world, will reportedly be enforcing stricter security policies and measures by preventing third-party Fintech applications from gaining access to user passwords. The current method of data sharing offers (with permission) several external Fintech apps… Read More

Report: JP Morgan Chief Now Says Facebook’s Libra Will “Never Happen”

Jamie Dimon, CEO of JPMorgan Chase, has called Facebook’s go at issuing a cryptocurrency for in-app payments, Libra, “a neat idea that’ll never happen.” Dimon made the comments last Friday while speaking on a panel with Morgan Stanley CEO James Gorman. The two were featured at a conference… Read More

Report: JP Morgan’s Jamie Dimon Not Concerned About Facebook’s Libra

Jamie Dimon, CEO of JP Morgan Chase, one of the world’s largest banks, told analysts in a conference call this week not to “spend too much time” considering Libra, Facebook’s proposed global currency system, CNBC reports. “To put it in perspective, we’ve been talking about… Read More

Jamie Dimon’s Shareholder Letter Touts Digital Accomplishments, Eyes Fintech Competition, Warns about Socialism

JP Morgan Chase CEO Jamie Dimon is out with his annual shareholder letter, a missive that is widely read not only for its insight into the future of JPM but for Dimon’s thoughts on other issues. As one would expect, Dimon covered a wide swath… Read More

Jamie Dimon Says JPM Coin Could be Used by Consumers in the Future

JP Morgan Chase held their annual investor day today. The full stack, day-long event, covers all aspect of the money center bank’s operations. In a report by CNBC, it was mentioned that Jamie Dimon, CEO of JPM, commented on the previously announced JPM Coin, a… Read More

Send this to a friend