Articles Tagged with ''Jamie Dimon''

JPMorgan Chase CFO Marianne Lake to lead bank’s consumer lending business

Jennifer Piepszak becomes CFO
JPMorgan Chase is making some changes to its senior leadership. The megabank announced Wednesday that it its current chief financial officer, Marianne Lake, will become the CEO of its consumer lending business, which includes mortgage lending, card services, and auto finance. Replacing Lake as CFO is Jennifer Piepszak, who is currently CEO of the bank’s card services business.
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JPMorgan Chase earnings soar, but mortgage sector falls

Mortgage revenue declines 11% due to lower net servicing
Despite a slowdown in its home lending sector, JPMorgan Chase saw a tremendous increase in its Q1 earnings from both the previous quarter and previous year. In fact, JPMorgan’s profits rocketed to $9.2 billion, rising from $8.7 billion in the first quarter of 2018.
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Bloomberg: There's never been a president this unpopular with an economy this good

Donald Trump's popularity numbers are in the dumps despite a strong economy
According to an analysis by Alexandre Tanzi and Rich Miller at Bloomberg, no president has ever been this unpopular when the economy has been this good. Typically, a strong economy bodes well for the party in control at the time, but Republicans are having to fight to suppress displeasure with Trump and play up the great economy to voters as the midterms loom large.
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JPMorgan Chase to build new HQ in midtown Manhattan

New HQ first major project under NYC's Midtown East Rezoning plan
It’s a season of change at JPMorgan Chase. The big bank recently committed to investing $20 billion in new branches and new hires following tax reform legislation. Now, the company announced plans to build a new, 2.5 million square feet, 70-story HQ at its 270 Park Avenue location, replacing the current 52-story building, which houses 15,000 of the bank’s employees.
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Jamie Dimon: Chase will soon offer digital mortgages on smartphones

All credit extended is "super-prime"
Speaking to CNBC, Jamie Dimon said the bank plans to offer an all-digital mortgage to its customers this year. Dimon added that consumers are “in very good shape,” adding that all the credit “extended in the United States,” is super-prime quality, and that includes mortgages. Click here to watch the full interview.
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Happy Birthday Dodd-Frank: The Big Banks learned nothing

Calls to reform reform lack lessons from history
[Commentary] Dodd-Frank financial reform aimed to prevent a repeat of the supposed business practices that brought the global economy to a crashing halt. And the advent of the CFPB is meant to enforce that order. However, more than half a decade into its enactment, calls to reform the act are stronger than ever, albeit from predictable sources.
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JPMorgan Chase COO Matt Zames stepping down

Once seen as potential successor to CEO Jamie Dimon
Matt Zames, who served as the chief operating officer of JPMorgan Chase and was once seen by many as a potential successor to CEO Jamie Dimon, is stepping from his position, the bank disclosed Thursday in a filing with the Securities and Exchange Commission.
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Dimon: FHA, servicing rules changes could add $300B in mortgages per year

JPMorgan Chase CEO paints rosier picture of mortgage business in 2017
Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow considerably in 2017 and beyond.
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