jamie dimon - Articles

JPMorgan, Gov't Set Terms for $4 Billion Piece of $13 Billion Deal

dapd/AP NEW YORK -- JPMorgan Chase and U.S. government officials have agreed on terms of a $4 billion consumer relief package that is to be part of a $13 billion deal to settle the bank's liability to government agencies over mortgage securities, according to a person familiar with the matter. The $4 billion portion of... Continue Reading »

JPMorgan's $13 Billion Deal Hits Stumbling Blocks

Pete Marovich/Bloomberg via Getty ImagesJPMorgan CEO Jamie Dimon By Aruna Viswanatha and David Henry JPMorgan Chase and the U.S. Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank's mortgage bonds, two people familiar with the talks said. The bank and the... Continue Reading »

Jamie Dimon Sells Chicago Mansion After Slashing Price in Half

It took three years and at least four price offerings, but JPMorgan Chase chairman and CEO Jamie Dimon has finally sold his four-story mansion on Chicago's Gold Coast, and for under $6.95 million -- less than half of its original list price. The price on the 13,500-square-foot property, which first went on the market at... Continue Reading »

Chicago Home Sales Up for 6 Months! (and Other Good News)

Well, good news for everyone except JPMorgan CEO Jamie Dimon. Here's what's happening: Reversing consecutive weeks of mostly dismal housing news, Chicago got word this week that home sales leaped 45 percent in March compared to last year. However, median home prices continue to fall. This marks the sixth straight month... Continue Reading »

JPMorgan Chase Is No Fan of Latest Obama Plan to Stem Foreclosures

JPMorgan Chase CEO Jamie Dimon was once a golden boy in Washington. After his bank emerged relatively unscathed from the subprime meltdown, Dimon was an enthusiastic supporter of the government's bailout plans. The lifelong Democrat was a member of Barack Obama's unofficial brain trust during the 2008 presidential... Continue Reading »

Forget Greece, California's the REAL Worry

While all eyes are glued to Greece, whose financial woes could melt the Euro (not to mention the Gyro), one banking big wig is focused on an economic mess that makes Greece's problem seem like a souvlaki picnic comparison. The sovereign state he's concerned about? California! Jamie Dimon is chairman of JP Morgan Chase,... Continue Reading »

For Bankers, Who's the Boss?

Watching the CEOs of America's largest banks testifying this week to Congress about their roles in starting The Great Recession with varying levels of contrition and defiance raises the question: exactly who are banks really accountable to in these post-TARP days? Who's the boss? Shareholders? Taxpayers? Customers (whom... Continue Reading »

Picketing the Fat Cats

Is consumer frustration with the slow pace of loan modifications finally becoming more than silent resentment? If Monday's protest at the New York offices of JPMorgan Chase is any indication, the answer might be yes. With a little goading from the president, who on Sunday called America's bank presidents "fat cats," a new... Continue Reading »

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