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July 25, 2008 8:15:23 AM CDT

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Stories related to: James Dimon

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7 Stories

  • April 2008

    • JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

      newser  |  Wall Street Journal  |  Apr 16, 08 7:18 AM CDT

      JPMorgan Q1 Profits Plunge 50% on $5.1B Writedowns

      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 billion, or 68 cents a share, down from $4.79 billion, or $1.34 a year earlier. More »

      Tags

      subprime crisis  • JPMorgan Chase  • corporate earnings  • earnings reports  • writedowns  • James Dimon

    • Fed, Execs Defend Bear Bailout

      newser  |  New York Times  |  Apr 3, 08 12:10 PM CDT

      Fed, Execs Defend Bear Bailout

      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,” said JPMorgan CEO James Dimon, citing the possibility of a mass run on other investment banks. More »

      Tags

      Federal Reserve  • Ben Bernanke  • Bear Stearns  • JPMorgan Chase  • Chris Dodd  • Senate Banking Committee  • James Dimon

  • March 2008

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

      newser  |  Wall Street Journal  |  Mar 28, 08 6:47 AM CDT

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

      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 each, a far cry from the $159 they were worth last April. More »

      Tags

      Bear Stearns  • JPMorgan Chase  • market  • James Dimon  • James Cayne

    • Angry Shareholders Want More for Bear Stearns

      newser  |  Wall Street Journal  |  Mar 19, 08 7:19 AM CDT

      Angry Shareholders Want More for Bear Stearns

      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 higher offer or lure another bid, reports the Wall Street Journal . More »

      Tags

      Federal Reserve  • Bear Stearns  • acquisitions  • JPMorgan Chase  • James Dimon

    • JP Morgan CEO Emerges as Wall Street Force

      newser  |  Wall Street Journal  |  Mar 17, 08 12:08 PM CDT

      JP Morgan CEO Emerges as Wall Street Force

      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 bank strong enough to withstand any crisis. Investors say he’s succeeded. More »

      Tags

      Wall Street  • Bear Stearns  • Citigroup  • JPMorgan Chase  • James Dimon  • Alan Schwartz

    • JP Morgan Buys Bear Stearns for $2 a Share

      newser  |  Wall Street Journal  |  Mar 16, 08 6:35 PM CDT

      JP Morgan Buys Bear Stearns for $2 a Share

      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 and Federal Reserve have reportedly approved the all-stock sale, which was rushed today under federal oversight to avoid Stearns filing for bankruptcy, the New York Times reports. More »

      Tags

      stock market  • Wall Street  • Bear Stearns  • acquisitions  • JPMorgan Chase  • Asian markets  • James Dimon

  • June 2007

    • JPMorgan Heads for Ground Zero

      newser  |  New York Times  |  Jun 14, 07 9:05 AM CDT

      JPMorgan Heads for Ground Zero

      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 50-story tower, scheduled to open its doors in 2013. More »

      Tags

      Eliot Spitzer  • JPMorgan Chase  • World Trade Center  • Ground Zero  • skyscraper  • James Dimon

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