Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts

Friday, January 19, 2024

UFC's Sean Strickland & JP Morgan Chase's Jamie Dimon Prove MAGA Must Be Stopped | The Warning

Jan 19, 2024 | Steve Schmidt reacts to recent comments made by UFC's middleweight champion Sean Strickland & JP Morgan Chase's CEO Jamie Dimon. Steve says both comments show examples about how the MAGA movement in this country is growing, not dying, and must be stopped.


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JP Morgan Boss Receives Record Payout

THE TELEGRAPH: Jamie Dimon earns $36m as bank announces best profits of Wall Street’s Big Four

Jamie Dimon is the longest serving chief executive among the major investment banks CREDIT: CHRIS RATCLIFFE/POOL/EPA-EFE/Shutterstock

Wall Street giant JP Morgan paid its long-standing chief executive Jamie Dimon a record $36m (£28.4m) last year. The payout was a 4.3pc increase for Mr Dimon and comes after the bank reported $49.6bn (£39.1bn) of profits last Friday, well ahead of its peers. He was paid $34.5m in 2022.

Mr Dimon, 67, who is the longest serving chief executive among Wall Street’s Big Four banks, hailed the results – which come after JP Morgan shares rose 27pc during the year.

The bank’s board said: “The firm is in a fortunate position to be led by such a highly talented and experienced executive who continues to grow the company, maintain market leadership positions, strengthen the firm’s reputation, invest in opportunities for the future, promote diversity and best practices, manage risk and develop great leaders, while also maintaining his focus on the firm’s clients.”

Mr Dimon’s payout will be made up of a $1.5m base salary and a $34.5m bonus, most of which is paid in stock. » | Chris Price | Friday, January 19, 2024

SOME BOSSES AREN'T QUITE SO SHAMELESS:

British Gas boss Chris O'Shea: 'I can't justify my pay of £4.5m': The boss of British Gas owner Centrica has told the BBC his pay last year of £4.5m is "impossible to justify". »

Friday, October 13, 2023

JP Morgan CEO Warns World May Be Facing ‘Most Dangerous Time’ in Decades

THE GUARDIAN: Jamie Dimon says Israel-Gaza conflict may have ‘far-reaching impacts’ on energy prices, food costs and international trade

The JP Morgan boss, Jamie Dimon, has warned the world may be living through “the most dangerous time the world has seen in decades” as Israel prepares to launch an expected ground offensive on Gaza.

The escalating conflict could have “far-reaching impacts” on energy prices, food costs, international trade and diplomatic ties, he said as JPMorgan Chase, America’s largest bank, reported earnings for the latest quarter.

While the lender posted another robust set of results, Dimon cautioned that interest rates may increase further in the United States, as the savings of consumers dwindle.

Dimon said: “The war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade and geopolitical relationships. This may be the most dangerous time the world has seen in decades. » | Callum Jones in New York | Friday, October 13, 2023

Monday, September 19, 2011

Tony Blair 'Visited Libya to Lobby for JP Morgan'

THE SUNDAY TELEGRAPH: Tony Blair used visits to Libya after he left office to lobby for business for the American investment bank JP Morgan, The Daily Telegraph has been told.

A senior executive with the Libyan Investment Authority, the $70 billion fund used to invest the country's oil money abroad, said Mr Blair was one of three prominent western businessmen who regularly dealt with Saif al-Islam Gaddafi, son of the former leader.

Saif al-Islam and his close aides oversaw the activities of the fund, and often directed its officials on where they should make its investments, he said.

The executive, speaking on condition of anonymity, said officials were told the "ideas" they were ordered to pursue came from Mr Blair as well as one other British businessman and a former American diplomat.

"Tony Blair's visits were purely lobby visits for banking deals with JP Morgan," he said.
He said that unlike some other deals - notably some investments run by the US bank Goldman Sachs - JP Morgan's had never turned "bad".

But he added: "Saif and his father played these people like musical chairs. At the end the reputation of the LIA was really damaged because of these interventions." » | Richard Spencer, Tripoli, Heidi Blake and Jon Swaine in New York | Sunday, September 18, 2011

Friday, January 07, 2011

Drugs 'Readily Available' at JP Morgan

THE DAILY TELEGRAPH: Drugs were “readily available” at global financial company JP Morgan, the Old Bailey has heard.

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Emily McMillan, a PA at JP Morgan, used corporate credit cards to pay for a friend's boob job. Photo: The Daily Telegraph

Personal assistant Emily McMillan stole thousands of pounds from the company after getting into debt buying narcotics from a drug-dealing colleague.

McMillan, 28, used corporate credit cards belonging to senior executives to steal the money.

She then spent it on a friend’s breast enhancement operation, a girls’ holiday in Ibiza and to make a repayment on her brother’s mortgage.

The Old Bailey heard that she began stealing after she fell into debt through taking drugs supplied by a colleague at JP Morgan. She had access to corporate credit cards to make travel and other arrangements on behalf of senior staff. But she was caught after a routine audit and later admitted four counts of fraud and one of theft, totalling £10,633, all committed between March and May last year. >>> Andy Bloxham | Friday, January 07, 2011