Inside these posts: Jamie Dimon

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Durbin to JPMorgan CEO Dimon: Stop whining

Sen. Dick Durbin, left, has criticized JPMorgan Chase CEO Jamie Dimon for his bank's swipe fees, among other issues. (Michael Tercha/Chicago Tribune; Bloomberg News)

JPMorgan Chase CEO Jamie Dimon, who is critical of a key provision in the financial reform law, has been taken to task by U.S. Sen. Dick Durbin (D.-Ill.) in a scathing letter.

“There is no need for you to threaten your customers with higher fees when you and your bank are already making money hand-over-fist,” Durbin wrote to Dimon about the threat of higher debit card fees. “And there is no need to make such threats in response to reform that simply tries to spare consumers from bearing the cost of interchange fees that are anticompetitive and unreasonably high.” Get the full story »

JPMorgan Chase helps CEO Dimon on sale of Gold Coast mansion

JPMorgan CEO Jamie Dimon, right, listens to a question from the media after a speech at a conference on global capital markets in Washington, March 30, 2011. (Andrew Harrer/Bloomberg)

When Jamie Dimon, the chairman and chief executive of JPMorgan Chase & Co., finally sold his Gold Coast mansion at 25 E. Banks St. in 2010 after it had been on the market three years, the real estate crisis prevented him from getting the more than $13 million he originally wanted.

But he did get help from JPMorgan, which paid $421,458 in expenses related to the sale, according to a Securities and Exchange Commission filing made public yesterday. Get the full story »

JPMorgan CEO: Wealthy should carry tax burden

The wealthy should pay the largest portion of U.S. taxes, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday, injecting himself into the budget debate as the threat of a government shutdown looms. Get the full story »

JPMorgan’s Dimon: No mortgage writedowns

JPMorgan CEO Jamie Dimon, right, at a conference on global capital markets competitivene in Washington, D.C (Andrew Harrer/Bloomberg)

The head of JPMorgan Chase said Wednesday that banks would not consider writing down mortgages for homeowners who can’t make payments, an idea at the center of talks aimed at fixing the mortgage mess.

“Principal writedown for people who couldn’t pay their mortgages? Yeah, that’s off the table,“ JPMorgan Chase CEO Jamie Dimon said when asked about the idea after an appearance before a U.S. Chamber of Commerce forum in Washington. Get the full story »

Warren vs. Dimon on financial regulation

Elizabeth Warren, left, and Jamie Dimon. (AP Photo/Manuel Balce Ceneta; Simon Dawson/Bloomberg)

Elizabeth Warren, the Obama administration’s defender of financial consumers, will venture into the corporate lion’s den this week, along with Jamie Dimon, CEO of banking giant JPMorgan Chase & Co.

The two will be speakers at an event set for Wednesday at the U.S. Chamber of Commerce, the country’s largest business lobbying group, in its Corinthian-columned headquarters situated within view of the White House.

JPMorgan CEO Jamie Dimon gets $17M bonus

J.P. Morgan Chase & Co. Chief Executive Jamie Dimon received a 2010 equity bonus worth $17 million, the biggest bonus for a big name Wall Streeter so far this year. Though the equity bonus is similar to the prior year’s award, it still tops those so far given out to Dimon’s banking peers. Get the full story »

Bankers line up to handle AIG share sale

Some of the United States’ top bankers descended on a law firm in Manhattan on Thursday to make a pitch for managing what could be one of the largest share sales in history — a secondary offering for bailed-out insurer American International Group Inc.

JPMorgan Chief Executive Jamie Dimon was among the executives attending the meeting. Dimon entered the building of law firm Davis Polk & Wardwell LLP just after 9:30 a.m. EST in New York. Asked how the meeting went as he left, Dimon laughed and said: “How’d what go?” Get the full story »

Dimon sells mansion for highly reduced $6.8M

By Bob Goldsborough | JPMorgan Chase & Co. Chairman and Chief Executive Jamie Dimon on Wednesday closed on the sale of his 18-room Gold Coast mansion for $6.8 million.

The buyer’s identity was not immediately available. Get the full story »

Dimon: Foreclosure probes may hurt housing

JPMorgan Chief Executive Jamie Dimon said on Thursday he worries a widening probe into foreclosure practices could be a drag on the housing recovery.

“It may slow it down,” he said. “But we’re hoping it won’t kill it.”

Dimon made the comments after a press conference at the Chicago meeting of The Business Council, a group of 150 top U.S. CEOs that convenes several times a year to discuss issues facing the U.S. economy. Dimon is one of the group’s leaders. Get the full story »

Dimon has contract on Gold Coast mansion

From Crain’s Chicago Business | Three weeks after the price was lowered on the eight-bedroom Gold Coast mansion owned by J. P. Morgan Chase & Co. CEO Jamie Dimon, the property is under contract for $6.95 million. Dimon first put the 13,500-square-foot property at 25 E. Banks St. on the market in April 2007, asking price of $13.5 million. Get the full story >>

Dimon sees cost of loans rising with reform

New capital rules are expected to increase bank loan prices for customers and may drive some to seek financing from non-bank financial institutions, JPMorgan Chase Chief Executive Jamie Dimon said in an investor presentation Tuesday. Get the full story »

Jamie Dimon slashes price on Gold Coast mansion

Jamie Dimon after a speech in Chicago in April. (Bloomberg)ELITE STREET | By Bob Goldsborough | JPMorgan Chase & Co. Chairman and Chief Executive Officer Jamie Dimon has slashed the asking price of his 18-room Gold Coast mansion from $9.5 million all the way down to $6.95 million.

The Tribune has learned that the eight-bedroom, 13,500-square-foot mansion now is listed for slightly more than half of Dimon’s original $13.5 million asking price for the home in 2007. Now based in New York, Dimon, 54, paid $4.68 million for the mansion in 2000. Get the full story »

Credit-card delinquencies at low for year

Fewer Americans fell behind on credit card payments in June, with delinquencies at their lowest this year at major U.S. card lenders, but the results did not stem concerns about the economic recovery.

Credit card delinquency rates have declined steadily since the beginning of the year, signaling that banks should have to write off less debt as uncollectible. Get the full story »

Dimon discusses financial reform in Chicago

By Greg Burns | Speaking in Chicago shortly after President Barack Obama called on leading bankers to get behind Democratic-led financial reform, Jamie Dimon, the chief executive of JPMorgan Chase & Co., said he’s 80 percent on board.

“It’s obvious we need to reform our financial system. JPMorgan has supported most of the things that came out,” said Dimon, as he accepted an award Thursday from the Executives’ Club of Chicago. “We agree with 80 percent. We might be right on the other 20 percent.”

Get the full story »