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Dimon: DC's New Favorite Banker

JPMorgan CEO ingratiates himself with Washington
By Katherine Thompson,  Newser Staff
Posted Jul 19, 2009 11:25 AM CDT

(Newser) – As the nation's financial center shifted from Wall Street to Pennsylvania Avenue, one man managed both to keep his bank afloat and emerge from a toppled industry with credibility in the White House. In a lengthy profile of Jamie Dimon, the New York Times takes a look at the JPMorgan CEO's newfound emphasis on government relations, an attitude that has positioned his bank well, writes the New York Times.

As "one of the few Democratic CEOs in that line of work,” Dimon visits Washington twice a month and has Rahm Emanuel slated to speak at a board meeting. But that doesn't mean JPMorgan gets more government favors than other banks: It returned its TARP money quickly, and lost out with other institutions when the credit card bill passed.
(Read more JPMorgan Chase stories.)

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