James Dimon
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The Moral of J.P. Morgan's Derivative Debacle
… started transacting in related and riskier, more volatile instruments. Eventually (probably just about the same time CEO Jamie Dimon was questioned about the situation during an earnings call), J.P. Morgan realized the situation was getting out of hand …
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JPMorgan Will Continue To Tumble On $2 Billion Mess
… money-losing quarters this year. Let's start with one thing I agree with. Suggestion has been made that JPMorgan CEO Jamie Dimon should be removed from his position on the Federal Reserve Bank of New York. Dimon should never have been in a position Complete …
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Reexamining The Volcker Rule After JPMorgan's Derivatives Loss
… The Volcker rule is meant to come into effect on July 21st 2012. JPMorgan 's $5 billion loss JPMorgan's ( JPM ) CEO Jamie Dimon announced on May 10th that the company had made a $2 billion trading loss on faulty derivatives bets in London. This has …
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Investing In A World Of Black Swans
… complex field of finance into a science, just as they do in the field of physics. Even JPMorgan Chase ( JPM ) and its CEO Jamie Dimon are already on their way to suffering more than $2 billion in losses in the quest for infinite income, due in large part …
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JPMorgan stops stock buybacks, maintains dividend
NEW YORK (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon took another step that showed humility and caution in the wake of a stunning $2 billion loss, or more, on derivatives by announcing on Monday that the company will quit spending capital on stock buybacks.
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UPDATE 3-JPMorgan stops stock buybacks, maintains dividend
NEW YORK, May 21 (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon took another step that showed humility and caution in the wake of a stunning $2 billion loss, or more, on derivatives by announcing on Monday that the company will quit spending capital on stock buybacks.
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JPMorgan: A Monster That's Out Of Control
… Wall Street Journal of last Friday. And the loss has ballooned from $2 billion to possibly $5 billion in one week! While Jamie Dimon may have beached his Whale, the credit derivatives, which Warren Buffett aptly called “weapons of mass destruction” continue …
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JPMorgan suspends stock buybacks in face of loss
NEW YORK, May 21 (Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday the bank has suspended its repurchases of its stock but is maintaining its dividend, while working down losing trades in credit derivatives.
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JPMorgan Chase's Buyback Plans Scuttled by London Losses
… ensures that management cannot create value through repurchases in the near term. Given JPMorgan Chase's history under Jamie Dimon , we're still inclined to view this as an unusual, albeit massive, misstep. However, it does demonstrate the risks inherent …
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Who's Checking Out?… but I don't think the story is going to go away. I think Jamie Dimon maybe had hoped that after he had his hastily arranged conference ..... That they really tried to have those risk managers, and Jamie Dimon in particular, really thought about mitigating exposures …
I don't think the story is going to go away. I think Jamie Dimon maybe had hoped that after he had his hastily arranged conference call and apologized and said that they were going to makeon models. That they really tried to have those risk managers, and Jamie Dimon in particular, really thought about mitigating exposures to these kind of losses. I think it also brings financial regulation into the spotlight again.