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Wall Street’s defense of its DEI initiatives suddenly got a lot more complicated. JPMorgan Chase CEO Jamie Dimon, a longtime advocate of diversity and using bank resources to aid minority communities, told employees this past week during a town hall that he "was never a firm believer in bias training" and had questions about money being spent on certain DEI programs. "I saw how we were spending money on some of this stupid shit, and it really pissed me off," Dimon said, according to a recording of the town hall obtained by Yahoo Finance. "I’m just going to cancel them....

Incoming President Donald Trump and JPMorgan Chase CEO Jamie Dimon have quietly been in talks for months through secret back channels, serving as the “sounding board” for the 47th president’s pending economic agenda. Four sources close to the incoming Trump Administration confirmed that the president-elect and Dimon discussed issues before and after the election, such as reducing government spending, tax policy, trade, and banking regulations. The GOP insiders told the New York Post that Trump’s aides regularly set up phone calls to “create a bit of daylight” between Trump and Dimon and prevent any information from reaching the press. The...

In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices. "I'm not the kind of conspiracy buff that many of my friends in the industry are," Lundin wrote, "but it's hard to look at silver and not see some hidden hands at work (especially considering who holds so much of the metal in both physical and paper forms while acting as custodian for the biggest silver exchange-traded fund)." Of course, Lundin meant investment bank JPMorgan Chase and silver ETF SLV. Why anyone would invest...

JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s. "Yes, I think there’s a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York. The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again. "I worry that it looks more like the seventies than we've seen before," he added during a question-and-answer session with Marie-Josee Kravis, chair of...

At this point in the vaccine rollout, most believe that there’s nothing that can be done to convince those who refuse to get vaccinated to change their minds. President Biden’s attempts to force a federal mandate on workers via OSHA was blocked by the courts. But that hasn’t stopped Wall Street from barring the unvaccinated from its facilities, even though vaccinated employees are just as likely to spread the virus. Not long after Citi became the first megabank to announce plans to fire workers who refused to comply with vaccination policies, private equity giant Blackstone will now prohibit any workers...

JPMorgan Chase CEO Jamie Dimon slammed Democratic messaging about MAGA, or “Make America Great Again,” Republicans on Wednesday, telling Democrats to “grow up” and “listen” to supporters of former President Trump. “When people say MAGA, they’re actually looking at people voting for Trump and … they’re basically scapegoating them,” Dimon told CNBC’s “Squawk Box.” “I don’t like how [Trump] said things about Mexico … but he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” Dimon continued. “And I think people should be a little more respectful of our fellow citizens.”

JPMorgan Chase CEO Jamie Dimon said Democrats should help former South Carolina Gov. Nikki Haley (R) in her race for the GOP presidential nomination Wednesday, as a way of asserting their opposition to former President Trump. “Even if you’re [a] very liberal Democrat, I urge you, you know, help Nikki Haley too,” Dimon said in an interview with Andrew Ross Sorkin at The New York Times DealBook Summit. “You know, get a choice, on the Republican side, that might be better than Trump,” he added.

A seemingly unrelenting wave of debt is piling onto America’s balance sheet. New data from the U.S. Treasury Department show the federal debt increased by over $296.524 billion from August 8th to September 8th, reaching a total of $32.940 trillion. The new numbers come as JPMorgan Chase CEO Jamie Dimon issues a warning on America’s fiscal trajectory. At a conference hosted by Barclays, Dimon told reporters that America’s rapid rate of spending is bound to have a significant impact on households. “I just think people make a mistake to look at real-time numbers and not look at the future. And...

Jamie Dimon is between a rock and a hard place. He is either going to have to convince a jury come October that he was left in the dark by the bank’s general counsel, his compliance and money laundering executives, and the heads of his investment bank and asset and wealth division about the fact that notorious child molester Jeffrey Epstein was a client at the bank for more than a decade – which would make Dimon sound so isolated as to be unfit to be running the bank – or Dimon is going to have to admit that he...

As the global economic intelligentsia debates how to “decouple” or “de-risk” from China, Elon Musk clearly didn’t get the memo. The Tesla founder was feted like a returning king in Beijing this week. From the moment his private jet arrived on Tuesday, Musk is reportedly being called “Brother Ma,” putting him in rarified league with Alibaba billionaire Jack Ma. There are many takeaways from Musk’s first China visit in three years. One is that not everyone is decoupling from China, least of all the globe’s most influential electric-vehicle (EV) evangelist and owner of Twitter. Another: the future of EV production...

The rich and famous appeared to have few qualms about palling around with Jeffrey Epstein following the disgraced financier’s 13-month prison stay for soliciting sex from an underage girl, with boldface names appearing on his schedule such as Chris Rock, David Blaine, Bill Gates, Richard Branson, JPMorgan boss Jamie Dimon, and the former CEO of one of Donald Trump’s Atlantic City casinos. That’s according to a tranche of emails obtained by The Daily Beast, which reveal others who showed up on Epstein’s dance card as having included music industry titan Tommy Mottola, Wendi Murdoch, Russian supermodel Irina Shayk, late comedian...

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon suggested that the U.S. government and climate conscious corporations may have to seize citizen’s private property to enact climate initiatives while there still time to stave off climate disasters.

JPMorgan Chase CEO Jamie Dimon slammed the Biden administration in an interview this week over how the U.S. has responded to the energy crisis that has been worsened by Russia’s war in Ukraine by saying the U.S. has taken the wrong approach and the country needs to step up and “play a real leadership role.” Dimon made the remarks during an CNBC interview this week when he was asked about how worried he was about Europe this winter given the war in Ukraine and the energy crisis on the continent. “Well, I think we’re getting energy completely wrong, which is,...

Executives from the country’s six largest banks testified before the House Financial Services Committee on Wednesday for its annual oversight to discuss issues including climate change and fossil fuels. Far-left Rep. Rashida Tlaib (MI-D) asked all the bank executives if they have a policy against funding new oil and gas products. Tlaib erupted after JP Morgan Chase CEO Jamie Dimon humiliated her with his highly concise and on-point response. “Absolutely not and that would be the road to Hell for America,” Dimon replied. In response, Rashida Tlaib launched an attack on the bank and urged customers to close their JP...

While his friend and fellow Democrat Larry Fink used his latest annual letter to cheer for an accelerating transition to ESG while simultaneously warning about the fallout from “de-globalization” spurred by Russia’s incursion into Ukraine, JPMorgan CEO Jamie Dimon warned Monday in his own annual letter to investors that the US economy faces “unprecedented” risks from the confluence of COVID pandemic, high inflation and, of course, the situation in Ukraine. “They present completely different circumstances than what we’ve experienced in the past – and their confluence may dramatically increase the risks ahead,” Dimon said. Dimon, who has repeatedly advocated for...

one might suspect that Kenneth Polite, the man President Biden nominated and the Senate confirmed to head the Criminal Division of the Justice Department in July, might also take an interest in this matter since the plaintiff is alleging that the Justice Department got played by JPMorgan Chase in its 2016 non-prosecution agreement. Unfortunately, Polite will have to recuse himself from this matter because JPMorgan Chase was his client at his former law firm, Morgan, Lewis & Bockius, according to the financial disclosure form he filed with the Office of Government Ethics. Polite signed an Ethics Agreement on April 23,...

JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he regretted his remarks that the Wall Street bank would last longer than China's Communist Party. U.S. banks have identified China as a major opportunity for future growth and executives normally go to great lengths to ensure that they do not upset Chinese authorities. "I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company," Dimon said in a statement issued by the bank. Speaking at a Boston College series of CEO interviews on Tuesday, Dimon said: "I made a joke...

JPMorgan CEO Jamie Dimon is recovering from emergency heart surgery the company disclosed Thursday evening. Co-Presidents and Chief Operating Officers Daniel Pinto and Gordon Smith released a statement to employees and shareholders: "We want to let you know that Jamie experienced an acute aortic dissection this morning. He underwent successful emergency heart surgery to repair the dissection. The good news is that it was caught early and the surgery was successful. He is awake, alert and recovering well. Our Lead Director, Lee Raymond, said today, “Our Board has been fully briefed on these developments and has asked Daniel and Gordon...

Appearing on ABC’s “This Week with George Stephanopoulos,” Dimon was asked “what kind of grade” he would give Trump just on the economy. “I’d say pretty good,” Dimon said. “You know, when President Trump was elected, confidence skyrocketed, consumers, small business, large corporate and because pro-business, pro-competitive taxes, pro some regulatory reform — and that has helped the economy,” Dimon told Rebecca Jarvis of ABC. “So it’s impossible for me to tease out how much, but it has helped the economy,” he said. “Yeah, he should take some credit for that.”

JPMorgan Chase CEO Jamie Dimon said he shouldn't have bragged about being able to beat Donald Trump, adding that his comments show he probably shouldn't run for president. "I shouldn't have said it," Dimon told ABC's Rebecca Jarvis Wednesday in an exclusive interview after making the comments during a panel with her in New York. Dimon was asked if he thought he could beat Trump in an election during an event to announce a new "Advancing Cities" initiative.