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Jamie Dimon

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  • UPDATE 1-Citigroup CEO Corbat earned 10 pct less in 2014 Wednesday, 18 Mar 2015 | 5:56 PM ET

    March 18- Citigroup Inc cut its chief executive Michael Corbat's annual compensation by 10.3 percent in 2014, citing high legal expenses and the company's failure to win regulatory approval for its capital plan last year. Corbat's earned a total of $13 million for 2014, down from $14.5 million a year earlier, according to the compensation approved by Citi's...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia's fast growing multi-millionaires' club.

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to replace chief executive Brady Dougan- seen to have failed in reforming the Swiss bank fast enough- in order to push into wealth management of a growing multi-millionaires...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares open 8.8 pct higher after news. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse is bringing in Tidjane Thiam, the head of British insurer Prudential, as its new chief executive to help drive the Swiss bank's push into wealth management in emerging markets.

  • ZURICH/ HONG KONG, March 10- Credit Suisse said it had hired Prudential head Tidjane Thiam as the first African to lead a global investment bank, with the job of reviving a company reeling from U.S. penalties and under increasing regulatory scrutiny. Credit Suisse Chairman Urs Rohner said long-standing boss Brady Dougan was stepping down as chief executive of...

  • ZURICH/ HONG KONG, March 10- Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters. Thiam, a former Ivory Coast government minister who has led Prudential since 2007, will become one of the few top...

  • ZURICH/ LONDON, March 9- Brady Dougan is set to quit as chief executive of Credit Suisse, a person familiar with the matter told Reuters. Although the Swiss bank's board backed the American chief executive over the deal, under which Credit Suisse pleaded guilty to criminal charges but held onto its New York licence and its legally protected client data, he came...

  • *Javier Martin-Artajo attends court hearing in Madrid. MADRID, March 5- A Spanish prosecutor has recommended extradition to the United States of Javier Martin-Artajo, an ex- JPMorgan Chase& Co executive indicted over the "London Whale" scandal which led to over $6.2 billion in trading losses at the bank in 2012.. Spaniard Martin-Artajo, who was the London...

  • *Major management, board shake-up at troubled Asia- focused bank. LONDON/ HONG KONG, Feb 26- Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June, replacing Peter Sands in a major management overhaul following two years of problems. Investors had been pushing for a change at the helm of the Asia- focused...

  • LONDON, Feb 26- Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia- focused bank Standard Chartered said on Thursday Chairman John Peace will also leave next year, and named other changes to...

  • Feb 20- Citigroup Inc cut Chief Executive Michael Corbat's pay by about 10 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading. Deferred stock makes up 30 percent of Corbat's bonus pay under Citi's compensation plan, which was overhauled two years ago amid shareholder pressure.

  • Citigroup cuts CEO pay by 7% to $13.1M in 2014 Friday, 20 Feb 2015 | 8:48 AM ET

    Citigroup cut CEO Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.

  • Feb 20- Citigroup Inc cut Chief Executive Michael Corbat's pay by about 7 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading. Deferred stock makes up 30 percent of Corbat's bonus pay under Citi's compensation plan, which was overhauled two years ago amid shareholder pressure.

  • NEW YORK, Feb 17- Bank of America Corp cut Chairman and Chief Executive Officer Brian Moynihan's pay by 7 percent in 2014, a source familiar with the matter said on Tuesday, as its full-year profit fell 58 percent on higher legal settlements. Moynihan's total 2014 compensation was $13 million, down from $14 million a year earlier, according to the source.

  • CNBC update: Handling bad employees   Friday, 13 Feb 2015 | 12:30 PM ET
    CNBC update: Handling bad employees

    JPMorgan CEO Jamie Dimon is out with advice for handling bad employees, and Alibaba employees have been told they will not receive their New Year's bonuses, reports CNBC's Bertha Coombs.

  • Bad workers? Fire them: Jamie Dimon Friday, 13 Feb 2015 | 8:27 AM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase, at the 2015 WEF in Davos, Switzerland.

    The JPMorgan Chase CEO criticized bad workers and D.C. politicians for slowing down the economy on Thursday.

  • Feb 6- JPMorgan Chase& Co is under federal scrutiny over hiring the son of China's current commerce minister, the Wall Street Journal reported, citing internal emails. JPMorgan's decision to hire Gao was "widely understood" within the company to have been supported by William Daley, a senior executive at the time and a former U.S. commerce secretary and White House...

  • Banks including Wells Fargo& Co and PNC Financial Services Group are contemplating steps like investing their extra cash at current low yields or using derivatives that pay off if rates stay low. Positioning for higher rates has cost the 20 largest U.S. banks somewhere between $2.5 billion and $3 billion of income each quarter, roughly 6 percent of their...

  • *JPMorgan CEO gets first cash bonus in three years. Jan 22- JPMorgan Chase& Co paid Chief Executive Jamie Dimon a first cash bonus in three years, part of a total 2014 pay package of $20 million that was unchanged from the year before. Dimon received a $7.4 million cash incentive bonus, JPMorgan said in a regulatory filing, atop a base salary of $1.5 million and $11.1...

  • Jan 22- JPMorgan Chase& Co's Jamie Dimon's compensation in 2014 stayed unchanged at $20 million, but the chief executive officer got a cash bonus, something he was not awarded in 2013.. JPMorgan is the biggest U.S. bank, with $2.6 trillion in assets. Two year ago, Dimon's pay was cut in half to $11.5 million for 2012, which was the year JPMorgan traders handling company...