Jamie Dimon

Entrepreneur

Jamie Dimon was born in New York City, New York, United States on March 13th, 1956 and is the Entrepreneur. At the age of 68, Jamie Dimon biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

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Date of Birth
March 13, 1956
Nationality
United States
Place of Birth
New York City, New York, United States
Age
68 years old
Zodiac Sign
Pisces
Networth
$2 Billion
Salary
$27.5 Million
Profession
Banker
Social Media
Jamie Dimon Height, Weight, Eye Color and Hair Color

At 68 years old, Jamie Dimon physical status not available right now. We will update Jamie Dimon's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
Not Available
Hair Color
Not Available
Eye Color
Not Available
Build
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Measurements
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Jamie Dimon Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
Tufts University (BA), Harvard University (MBA)
Jamie Dimon Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Judith Kent
Children
3
Dating / Affair
Not Available
Parents
Not Available
Jamie Dimon Career

Career

Sandy Weill left American Express in 1985, and Dimon followed him. Commercial Credit, a consumer finance company, was then taken over by the two firms from Control Data. Dimon was the company's chief financial officer at 30 years old, helping the company resurrect it. In 1998, Dimon and Weill were able to form Citigroup, a large financial services conglomerate, thanks to a string of mergers and acquisitions. After being asked to resign by Weill during a weekend executive break, Dimon left Citigroup in November 1998. It was rumored that Dimon and Weill argued in 1997 over Dimon's decision not to promote Weill's daughter, Jessica M. Bibliowicz, even though it was more than a year before Dimon's departure. According to at least one other website, Dimon's appeal to be treated as an equal as the sole reason.

Dimon, the country's fifth largest bank, became CEO in March 2000. Dimon became president and chief operating officer of the combined company when JPMorgan Chase acquired Bank One in July 2004.

He was appointed CEO of JPMorgan Chase on December 31, 2005, and he was appointed Chairman and President on December 31, 2006. He was a Class A board member of the Federal Reserve Bank of New York in March 2008. JPMorgan Chase has become the leading U.S. bank under control, market capitalization value, and publicly traded stock value under Dimon's leadership, with the acquisitions during his tenure. Dimon was named one of "The TopGun CEOs" by Brendan Wood International, an advisory firm in 2009.

Dimon was involved in a high-profile heated debate with Mark Carney, the Bank of Canada's governor, on September 26, 2011, in which Dimon said that the Basel III international financial laws discriminate against US banks and are "anti-American." JPMorgan Chase announced a loss of at least $2 billion in trades on May 10, 2012, prompting Dimon to declare a "designed to shield the bank's total credit risks." The project was "lawfully implemented, poorly understood, poorly implemented, and poorly monitored," in Dimon's words. The Federal Reserve, the SEC, and the FBI all launched an investigation into the case, and the central actor was named with the epithet the London Whale.

"Part of the Volcker Rule I accepted as a shareholder is no prop trading," Dimon said of the Volcker Rule in January 2012. But market making is still a necessary function. And the general should know that we have the world's biggest, deepest, most transparent capital markets. And part of that is because of the fact that we have such high demand. If the regulations were written as they first appeared; I suspect they'll be updated, it will really make it impossible to be a market maker in the United States." For 2011 and 2012, he served as chairman of The Business Council's executive committee.

Dimon would receive $20 million for his 2013 work, a year of record earnings and stock price under Dimon's reign, despite a year of significant losses due to scandals and fine payments. The award was a 74% increase, despite the fact that there were more than $18 million in restricted stock. This is amid the recent $13 billion settlement with the US government, the largest in history, for bad mortgages and conduct during the financial crisis. "Under Mr. Dimon's leadership, the Company has enhanced control infrastructure and processes, as well as increasing the Company's leadership capabilities across all levels," Forbes said in a tweeting following the bank's compensation.

Dimon, the CEO of JPMorgan Chase, oversaw the transfer of $25 billion from the Treasury Department to the bank on October 28, 2008, as part of the Troubled Asset Relief Program (TARP). This was the fifth most significant amount transferred under TARP Section A to support struggling assets related to residential mortgages. JPMorgan Chase was in much better financial shape than other banks, and did not require TARP funds, according to news, but the government did not want to single out only those with capital issues. JPMorgan Chase announced in February 2009 that it would be using its capital-base monetary strength to purchase new businesses.

The US government had not moved forward in enforcing TARP's decision of granting JPMorgan Chase with $25 billion by February 2009. Dimon was quoted during the week of February 1, 2009, as saying, "in the face of the government's lack of intervention."

JPMorgan Chase was certainly the best of the nine major banks in the United States, and it did not have to worry about TARP funds. Treasury Secretary Henry Paulson allegedly coerced the CEOs of the nine major banks to surrender TARP funds under short notice in order to encourage smaller banks with troubled assets to accept this cash.

Dimon gives mainly to the Democratic Party. He referred to himself as "merely a Democrat" in May 2012, adding that he referred to him as a "barely Democrat" in May 2012.

Following Barack Obama's reelection as Treasurer of the Treasury, rumors arose. Timothy Geithner, the president of the Federal Reserve Bank of New York, was eventually appointed to the position by Obama.

Following JPMorgan Chase's acquisition of Washington Mutual, the real estate crash, credit crisis, and the banking crisis that has affected businesses around the country, including major financial institutions such as Bank of America, Citibank, and Wachovia (later acquired by Wells Fargo).

Former Chief of Staff Rahm Emanuel, one of Dimon's close friends, has close ties to him. Dimon, one of three CEOs, as well as Goldman Sachs Chairman Lloyd Blankfein and Citigroup CEO Vikram Pandit, told the Associated Press that he had had free access to former Treasury Secretary Timothy Geithner. Nonetheless, Dimon has often expressed reservations against any of Obama's policies.

On ABC's The Viewer's May 15, 2012, Obama replied to a question by Jason Goldberg about JPMorgan Chase's recently reported $2 billion trading losses by supporting Dimon against accusations of irresponsibility by defending the allegations of irresponsibility by saying, "First of all, JP Morgan is one of the best managed banks there is." Jamie Dimon, the company's CEO, is one of the best bankers we've ever seen, but "it's going to be investigated."

JP Morgan Chase under Dimon's leadership contributed a significant amount of money to the Remain campaign during the 2016 United Kingdom European Union membership referendum, and Dimon personally campaigned against Brexit with Exchequer George Osborne against Brexit.

Dimon joined a business forum chaired by then president Donald Trump in December 2016 to offer strategic and policy advice on economic problems. Following Trump's remarks on the alt-right political unrest at the 2017 Unite the Right rally in Charlottesville, including the Charlottesville car assault, the forum disbanded. Dimon supported Trump's Tax Cuts and Jobs Act of 2017, but sluggishly condemned the Trump administration's immigration and trade policies during his time as president Donald Trump's representative. Despite acknowledging topics such as income disparities and the China-United States trade war in a 2019 interview with 60 Minutes, Dimon said that the United States had emerged "the most prosperous economy the world has ever seen" despite acknowledging issues such as income disparities and the China-United States trade war. In a letter to shareholders that also condemned the state of education, health care, and social security nets in the United States, Dimon also sluggished the federal government's response to the COVID-19 pandemic under Trump.

Dimon sluggishly attacked the absence of a "strong centrist, pro-business, and pro-free enterprise" candidate in the 2020 Democratic Party presidential primaries. Dimon "thought about" running for" his own presidential bid in 2018, but decided that it would be too unpopular to succeed. "While strong opinions and ferocious campaign characterized this US election, each of us owes the political process and a peaceful transition of power." Dimon condemned the 2021 US Capitol attack. Trump said that Dimon was "not a patriot" because of his company's operation in China in 2021.

In 2020, Dimon proposed higher income taxes for the upper class, but dismissed the prospect of a wealth levy. Dimon retaliated against the state and local tax deduction (SALT) deduction on April 7, 2021, implying that it was a tax deduction primarily for the wealthy, saying that states like Illinois, California, and New York "continue to fight for unlimited state and local tax deductions, implying that the wealthy receives more than half of the deduction, despite the fact that over 80% of those deductions will go to people earning more than $339,000 a year."

Dimon sponsored a bill that lowered the United States debt ceiling, warned that a sovereign default by the US would have disastrous effects on the world economy.

Dimon deceived customers and regulators in April when losses increased sharply to $6.2 billion in the case of the 2012 JPMorgan Chase trading loss, according to a US Senate paper published in March 2013 after 9 months of inquiry. JP Morgan had "a trading operation that piled on risk, ignored limits on risk taking, concealed losses, avoided enforcement, and misinformed the public," according to Carl Levin, chairman of this panel. On April 13, 2012, Dimon dismissed news of possible losses in Iksil's book as a "tempest in a teapot," and Levin said, "The bank also failed to announce on the day that the portfolio had significant positions that were impossible to recover in large numbers" as a result of high risk limits."

After the US Securities and Exchange financial watchdog began analyzing the losses, Dimon corrected the inaccurate information a month later, in May 2012, before the true tragedy was revealed.

JPMorgan Chase invested $317 billion in fossil fuel financing, up 33% more than any other bank since the Paris Agreement was adopted in 2015. "Mr. Dimon is very focused on the company," Chase's managing director Greg Determann said. It's a major industry for us, and it's likely to be the case for decades to come," Dimon is one of the few major global lenders not to join new Glasgow Financial Alliance for Net Zero, former Bank of England governor Mark Carney's latest Glasgow Financial Alliance for Net Zero.

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Jamie Dimon Awards

Awards and honors

  • 1994, The Browning School Athletic Hall of Fame
  • 2006, Golden Plate Award of the American Academy of Achievement presented by Richard M. Daley, the Mayor of Chicago
  • 2010, The Executives' Club of Chicago's International Executive of the Year
  • 2011, National Association of Corporate Directors Directorship 100
  • 2012, Intrepid Salute Award
  • 2016, Americas Society Gold Medal

Nike boss John Donahoe blames WFH for first sales slump in two years saying: 'Turns out it's really hard to develop a boldly disruptive shoe on Zoom'

www.dailymail.co.uk, April 17, 2024
Nike CEO John Donahoe (left) has admitted it is 'really hard to do bold, disruptive innovation, to develop a boldly disruptive shoe, on Zoom'. He said the company, which has experienced its first quarterly revenue decline (right) in nearly two years, realized innovation had been lacking at the firm after teams returned to in-person work some 18 months ago. The CEO's remarks come after boss of JD Sports, Regis Schultz, last month blamed Nike's lack of product innovation for weaker sales.

America's most influential banker sounds alarm on 'uncertain' year ahead and claims markets are 'too happy' and chances of it turning bad are 'higher than people think' - so is your money safe?

www.dailymail.co.uk, April 13, 2024
The remarks, aside from serving as a sort of double-down on warnings aired by the CEO in recent days, came hours after the firm released its first-quarter 2024 financial results. The US' biggest bank reported a slight rise of 6 percent in profit - though shared slid 6.5 percent Friday, in a move that somewhat coincided with Dimon's word of caution. Citing an 'unsettling' global landscape rife with war and inflation, he said that 'the chance of bad outcomes is higher than people think.' The prominent financial figure has previously expressed concern over the Fed's quest to curb inflation, and last month was part of a coalition of billionaires who suddenly sold millions in blue-chip stocks - sparking fears of an impending financial disaster.

Borrowing costs have risen as JP Morgan's boss Dimon seems concerned

www.dailymail.co.uk, April 8, 2024
The US ten-year bond yield reached 4.4 percent, its highest level since November, though the equivalent in the United Kingdom reached a five-week high of 4.3 percent. Jamie Dimon, the JP Morgan chief executive, has warned that inflation will not fall as high as predicted, implying that rates will remain higher than expected for longer.