Items Tagged with 'Jamie Dimon'


JPMorgan Chase CEO declares mortgages bad for business

Jamie Dimon is not a fan of home loans
In his yearly letter to shareholders, JPMorgan Chase CEO Jamie Dimon openly questioned why the bank is still in the mortgage business, telling shareholders that one of the main reasons that the megabank is still engaged in mortgage lending is for the benefit of its customers, despite the "volatile" nature of the business and the "increasingly lower returns" coming from mortgages.
Read More

Sen. Warren responds to Jamie Dimon you-don't-get-it swipe

“I fully understand the system…and that’s why they don’t like me.”
One day after JPMorgan Chase CEO Jamie Dimon took a swipe at Sen. Elizabeth Warren, D-Mass., saying that he doesn’t know if she fully understands the global banking system, Warren responded in kind. You didn’t think she was going to let this one go, did you?
Read More

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange
It’s probably safe to say that of all the elected officials that walk the halls on Capitol Hill, Sen. Elizabeth Warren isn’t Wall Street’s favorite, but a newly released excerpt from Warren’s book “A Fighting Chance,” shows just how tense her interactions with Wall Street’s bigwigs can be.
Read More