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Financials Jamie Dimon

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  • Executives from both JPMorgan Chase& Co. and Wells Fargo& Co. told investors last week, when posting earnings, that they were increasingly concerned about loans to oil and gas companies. Texas bank Comerica Inc on Friday set aside about three times as much money to cover bad loans as analysts had expected, sending the regional bank's shares lower by more than 6...

  • July 16- Goldman Sachs Group Inc has begun staffing up again after years of cutting back, to build up its investment management business and comply with new regulations. The workers it is hiring are mainly in lower-cost places like Salt Lake City and Bangalore, Chief Financial Officer Harvey Schwartz said Thursday on the bank's second quarter earnings call.

  • NEW YORK, July 14- Rising U.S. interest rates may not boost bank profits by as much as many executives and investors hope, JPMorgan Chase& Co Chief Executive Jamie Dimon said on Tuesday. Investors expecting the Federal Reserve to lift rates this year have purchased U.S. bank shares, helping them perform much better than the overall U.S. stock market.

  • July 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a stronger-than-expected rise in second-quarter profit as legal and restructuring expenses declined. Like other banks, JPMorgan has been under pressure to cut costs because low interest rates have weighed on revenue for far longer than expected. JPMorgan's non-interest expenses declined 6...

  • July 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a stronger-than-expected rise in quarterly profit as legal and restructuring expenses declined. JPMorgan's shares were up 1.3 percent to $69 in premarket trading on Tuesday. JPMorgan is the first of the U.S. banks with large capital markets and investment banking operations to report...

  • UK regulator drops case against London Whale trader Thursday, 9 Jul 2015 | 5:22 PM ET

    LONDON, July 9- Bruno Iksil, the former JPMorgan trader dubbed the London Whale for his outsized trades, has escaped a fine and possible industry ban in Britain after an investigation into a scandal that cost the bank $6.2 billion in 2012, his lawyers said on Thursday. Iksil, whose former boss Javier Martin-Artajo and junior colleague Julien Grout have been...

  • Dick Bove says these 5 banks will beat the market Wednesday, 8 Jul 2015 | 11:47 AM ET
    Dick Bove

    Banking analyst Dick Bove believes following the industry's biggest names will pave the road to profitability over the next 12 months.

  • July 6- JPMorgan Chase& Co said Stacey Friedman, 47, would succeed Steve Cutler as the bank's general counsel early next year. Friedman, who joined the bank in 2012 from law firm Sullivan& Cromwell, is currently general counsel of JP Morgan's corporate and investment banking unit. Cutler, 53, will be appointed vice chairman of the bank, acting as a senior adviser to...

  • NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...

  • June 17- Jimmy Lee, one of JPMorgan Chase& Co's most senior investment bankers, died on Wednesday, the bank's chief executive said in a statement. "We're in total shock," said one senior JPMorgan banker. He advised on the merger of United Airlines and Continental Airlines to form United Continental Holdings Inc, the takeover of Wall Street Journal publisher Dow Jones...

  • UPDATE 2-JPMorgan's Jimmy Lee, adviser on megadeals, dies Wednesday, 17 Jun 2015 | 4:04 PM ET

    June 17- Jimmy Lee, one of JPMorgan Chase& Co's most senior investment bankers, died on Wednesday, the bank's chief executive said in a statement. Lee, a vice chairman in the investment banking group, advised some of the world's biggest companies on deals, including the merger of United Airlines and Continental Airlines to form United Continental Holdings Inc, the...

  • UPDATE 1-JPMorgan's Jimmy Lee, advisor on megadeals, dies Wednesday, 17 Jun 2015 | 3:27 PM ET

    June 17- Jimmy Lee, one of JPMorgan Chase& Co's most senior investment bankers, died on Wednesday, the U.S. bank's Chief Executive Officer Jamie Dimon said. Lee advised some of the world's biggest companies on deals, including the merger of United Airlines and Continental Airlines, the takeover of Wall Street Journal publisher Dow Jones by News Corp, and the initial...

  • Senior JPMorgan investment banker Jimmy Lee dies Wednesday, 17 Jun 2015 | 2:39 PM ET

    June 17- Jimmy Lee, one of JPMorgan Chase& Co's most senior investment bankers, has died, Chief Executive Officer Jamie Dimon said in a statement on Wednesday.

  • NEW YORK, June 16- JPMorgan Chase& Co officials including Chief Executive Officer Jamie Dimon do not have to face a shareholder lawsuit claiming they failed to properly investigate the "London Whale" trading scandal that caused $6.2 billion in losses, a federal appeals court ruled on Tuesday. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge...

  • Financial executives from Jamie Dimon to Stephen Schwarzman to Gary Cohn have warned that tightening regulations are causing what they see as dangerous illiquidity in bond markets. Mark Carney, governor of the Bank of England, doesn't seem to be buying what they are selling. "To be clear, more expensive liquidity is a price well worth paying for making the core of...

  • INSIGHT-Automated lenders threaten to eat banks' lunch Thursday, 11 Jun 2015 | 1:00 AM ET

    NEW YORK, June 11- When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down. Kabbage, Lending Club and On Deck are among the lenders making small business and consumer loans that more established banks are less eager to approve. Non-traditional lenders could siphon away as much as...

  • *Shares up 4 pct, bank lags Europe peers so far this year. LONDON, June 10- Standard Chartered Chief Executive Bill Winters told staff on his first day in the office that the Asia- focused bank must strengthen its finances and simplify operations to boost returns. Early market reaction suggested investors approved of the approach with the bank's shares up 4.2...

  • Jamie Dimon: Manager turned billionaire Wednesday, 3 Jun 2015 | 4:27 PM ET
    Jamie Dimon: Manager turned billionaire

    Bloomberg says that CEO and chairman of JPMorgan Jamie Dimon is now worth over $1 billion. CNBC's Robert Frank reports.

  • Jamie Dimon gets a new title Wednesday, 3 Jun 2015 | 12:05 PM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co. at 2015 WEF in Davos, Switzerland.

    JPMorgan CEO Jamie Dimon has likely joined the 10-figure club.

  • Analyst bashes Jamie Dimon's 'ludicrous' comments Friday, 29 May 2015 | 2:16 PM ET
    Mike Mayo, Managing Director at CLSA

    JP Morgan CEO Jamie Dimon's recent assertion that some bank shareholders are lazy is "ludicrous," bank analyst Mike Mayo said.