Jamie Dimon – News Stories About Jamie Dimon - Page 4

Jan 28, 2009 8:33 AM CST

Jumbo Mortgage Defaults Soar

Banks and investors brace for a new wave of defaults as jumbo loans default

(Newser) - Jumbo mortgages are now going south at an alarming rate, reports the Wall Street Journal, as affluent Americans face mounting layoffs and see their stock portfolios shrivel. Nearly 7% of prime jumbo loans—which average $750,000—were at least 90 days delinquent at the end of 2008, up from...

Letters
to Dimon:
You'll 'Die
in 10 Days'

Oct 23, 2008 6:50 AM CDT

Letters to Dimon: You'll 'Die in 10 Days'

Feds hunt author of threats to bank CEO

(Newser) - A flurry of letters threatening the life of JPMorgan CEO Jamie Dimon, as well as an Oklahoma City-style bombing of a bank facility, are being investigated by the Postal Investigation Service. ABC News reports a $100,000 reward has been posted for information about the 45-plus letters, all postmarked last...

Out of $3.6B Writedown, JPMorgan Pulls a Q3 Profit

Oct 15, 2008 8:36 AM CDT

Out of $3.6B Writedown, JPMorgan Pulls a Q3 Profit

(Newser) - JPMorgan Chase surprised analysts and brought some partly sunny news to a mostly gloomy Wall Street, reporting net income of $527 million, or 11 cents a share, despite mortgage-related writedowns of $3.6 billion and $640 million in losses from its takeover of Washington Mutual, reports the Wall Street Journal....

JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

Earnings Report

Apr 16, 2008 7:18 AM CDT

JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

Blames credit markets, slowing economy

(Newser) - JPMorgan Chase, battling $5.1 billion in subprime writeoffs and deteriorating consumer credit, reported first quarter profits fell 50%, reports the Wall Street Journal. CEO Jamie Dimon warned the outlook for the remainder of 2008 was likely as grim. Morgan—the 3rd-largest US bank—said profits dropped to $2.37...

Fed, Execs Defend Bear Bailout

Apr 3, 2008 12:10 PM CDT

Fed, Execs Defend Bear Bailout

Collapse would have spread throughout economy, they argue

(Newser) - Bear Stearns was just hours from collapse, and letting it go down would have been disastrous, executives and regulators argued on Capital Hill today while defending the controversial bailout, the New York Times reports. Without the takeover, “we would all be facing a far more dire set of challenges,...

Bear Stearns Chairman Sells $1B Stake for $61M

Mar 28, 2008 6:47 AM CDT

Bear Stearns Chairman Sells $1B Stake for $61M

Cayne bites the bullet with his company

(Newser) - Bear Stearns Chairman Jimmy Cayne yesterday became the poster boy for the company’s fall from grace, selling his one-time $1 billion stake in the investment bank for a mere $61.3 million, reports the Wall Street Journal. Cayne sold 5.7 million shares he’d acquired for $10.84...

Angry Shareholders Want More for Bear Stearns

Mar 19, 2008 7:19 AM CDT

Angry Shareholders Want More for Bear Stearns

Bargain basement $2 price sets up potential battle, lawsuits

(Newser) - Bear Stearns shareholders are threatening to vote against its sale to JPMorgan, saying the $2 price per share for the nation’s fifth largest investment bank is unrealistic; speculators seem to agree, trading up Bear stock to $5.91 yesterday, a 23% bump. Expect some serious brinkmanship to force a...

JP Morgan CEO Emerges as Wall Street Force

Mar 17, 2008 12:08 PM CDT

JP Morgan CEO Emerges as Wall Street Force

Dimon builds on rep for staying cool in a crisis

(Newser) - JP Morgan Chase CEO James Dimon is a hands-on boss who writes out a detailed to-do list each morning and has managed to keep his company healthy while many of its rivals are ailing or even critically ill, reports the Wall Street Journal. Dimon's focus has been on creating a...

JP Morgan Buys Bear
Stearns for $2 a Share

Mar 16, 2008 6:35 PM CDT

JP Morgan Buys Bear Stearns for $2 a Share

Deal rushed today to avoid filing for bankruptcy

(Newser) - JP Morgan has agreed tonight to buy Bear Stearns for a scant $2 a share, a bargain-basement price—stock closed at $30 a share—that demonstrates the urgency of staving off the collapse of the venerable investment bank and widespread panic in financial markets, the AP reports. The Bush administration...

JPMorgan Heads for Ground Zero

Jun 14, 2007 9:05 AM CDT

JPMorgan Heads for Ground Zero

Bank gets $100M in incentives to build new skyscraper on WTC site

(Newser) - JPMorgan Chase has agreed to a $300 million dollar deal to develop and lease one of the five skyscrapers planned for the World Trade Center site, giving a big boost to the development effort at Ground Zero. The financial services giant's investment banking and trading divisions will migrate to the...