CEOs of 7 big banks to appear in front of Congress
NEW YORK (AP) — The heads of some of the U.S.' largest banks will appear in front of Congress Wednesday, for a hearing expected to produce political fireworks, but few policy changes.
The Latest: More executives pulling out of Saudi conference
DUBAI, United Arab Emirates (AP) — The Latest on the disappearance of a Saudi writer who Turkish officials fear was killed inside the Saudi Consulate in Istanbul (all times local):
More major players in international finance and industry are pulling out of a high-profile business conference in Saudi Arabia in the wake of reports that a Saudi writer critical of the government disappeared and is feared dead after entering a Saudi consulate in Turkey.
Guest lineups for the Sunday news shows
WASHINGTON (AP) — Guest lineups for the Sunday TV news shows:
ABC's "This Week" — Adm. Karl Schultz, commandant, U.S. Coast Guard; Michael Sprayberry, director, North Carolina Emergency Management; former Whitewater independent counsel Ken Starr; JPMorgan Chase CEO Jamie Dimon.
US business leaders with political aspirations
WASHINGTON (AP) — With President Donald Trump and Jamie Dimon sparring over the JP Morgan Chase CEO's boast that he could beat Trump if he decided to run for president, here's a quick look at some other notables from the business world who also tried to enter politics, or who had notable stints in government.
Trump scoffs at ‘nervous mess’ Dimon, says he’s not smart
WASHINGTON (AP) — The nation's top elected leader and its most powerful banker are fighting over who is smarter.
President Donald Trump early Thursday scoffed at JPMorgan Chase CEO Jamie Dimon's claim that he could "beat" Trump and is just as tough and smarter than the president.
Jamie Dimon says he could beat Trump, walks back comment
NEW YORK (AP) — The nation's most powerful banker, JPMorgan Chase's Chief Executive Jamie Dimon, caused a stir Wednesday when he said he would be able to beat President Donald Trump in an election.
Dimon immediately walked backed those comments and said he isn't running for the nation's top office.
Dimon, a brash Wall Street executive with a history of making off-the-cuff remarks, told reporters at an event at JPMorgan headquarters Wednesday that "I think I could beat Trump."
NEW YORK (AP) — JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law.
OMAHA, Neb. (AP) — Investor Warren Buffett and JP Morgan Chase CEO Jamie Dimon are encouraging public companies to stop predicting their quarterly earnings and focus on long-term goals.
The two executives said on CNBC Thursday that companies that focus on hitting their quarterly numbers may do things that hurt them in the future, such as delaying investments or changing when certain gains are recorded.
It was billed as a forum to discuss the rebuilding of Detroit featuring Mayor Mike Duggan, JPMorgan Chase chairman Jamie Dimon and Peter Scher, the bank's global head of corporate social responsibility.
CAMBRIDGE, Mass. (AP) — JPMorgan Chase CEO Jamie Dimon and Detroit Mayor Mike Duggan will be at Harvard University to talk about rebuilding Michigan's biggest city.
They're scheduled to speak on campus on Wednesday at a discussion titled "Invested in Detroit ." It's being hosted by the Harvard Kennedy School's Institute of Politics.
Trib editorial: Other firms seeking what Amazon’s offered give taxpayers more reason to demand answers
As taxpayers wait to learn whether a court will uphold their right to know the details of the Pittsburgh/Allegheny County bid for Amazon's second headquarters, another possible motive for secrecy by PGHQ2, the private company formed to develop the bid, is emerging. And rather than bolstering PGHQ2's anti-transparency stance, it shows a major pitfall of joining this bidding race in the first place.
NEW YORK (AP) — Well Fargo's board of directors gave CEO Tim Sloan a $4.6 million raise last year, despite the bank continuing to face the fallout of its sales-practices scandal and a multitude of other issues.
The day of reckoning for this country's ailing health-care system would appear, if not at hand, then certainly inevitable, now that three giants of American industry have made it their mission to rewrite that failed prescription.
E-commerce behemoth Amazon, multinational conglomerate Berkshire Hathaway and financial services giant JPMorgan announced Tuesday that they're forming a new company to address the health-care costs of their employees.
Can 3 business titans cure the US health care system?
NEW YORK (AP) — Can a legendary investor, the king of on-line retail and a Wall Street financier find a cure for what ails America's health care system?
The trio of Warren Buffett, Jeff Bezos and Jamie Dimon have had enough success in their respective industries that they are at least being given the benefit of the doubt.
Business titans face complex system in US health care push
The leaders of Amazon.com, Berkshire Hathaway and JPMorgan announced the ambitious goal of improving health care coverage all of their employees. They say they are forming a new company that will be "free from profit-making incentives and constraints" and hint its results might be applied on a broader scale. But the campaign is in its early planning stages.
Here is some of what we know, and don't know, about the plan and about the health care crisis in the United States.
JPMorgan names 2 execs as co-presidents reporting to Dimon
NEW YORK (AP) — JPMorgan Chase says two of its top executives will share the role of president and chief operating officer of the financial services firm.
Bank execs sing praises of new tax law as windfall looms
NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business.
Mortgage mogul Dan Gilbert and fitness entrepreneur Felicia Maxwell have at least one thing in common: they both symbolize the economic reawakening of Detroit.
JPMorgan Chase & Co. is weighing whether to help clients bet on the price of bitcoin via the CME Group's proposed futures contracts, according to a person with knowledge of the situation.
The largest U.S. bank is gauging client demand and the potential risks of facilitating their trades, the person said this week, asking not to be identified. Chicago-based CME Group has said it hopes to offer bitcoin futures by year-end.
JPMorgan Chase investing $40M in Chicago neighborhoods
CHICAGO (AP) — JPMorgan Chase & Co. says it plans to invest $40 million over three years in neighborhoods on Chicago's South and West Sides to create economic opportunity.
Bank officials said Thursday that poverty, racial and economic inequities, and a lack of opportunity are factors behind Chicago's gun violence. CEO Jamie Dimon says it is incumbent on business leaders to collaborate with government and the community to develop solutions.
NEW YORK (AP) — After JPMorgan Chase posted a record $7 billion quarterly profit, the last thing a contentious Jamie Dimon wanted to talk about Friday was his company's earnings.
Instead, the CEO of the nation's largest bank vented his irritation with politicians and what he called gridlock that's preventing the economy from doing even better.
NEW YORK (AP) — Matt Zames, a top executive at JPMorgan Chase once seen as a potential successor to CEO Jamie Dimon, will be leaving the company in the next few weeks.
Dimon made the announcement Thursday in a memo to employees.
WASHINGTON (AP) — Leading U.S. CEOs remain supportive of some of President Donald Trump's policy initiatives despite his still-hazy plan for cutting taxes and recent actions by Trump that have intensified attention on federal investigations of his campaign.
The Business Roundtable, a trade association for CEOs, said Tuesday that the executives' economic outlook has reached its highest level in three years — a reading of 93.9, which suggests continued economic growth.
BOSTON (AP) — JPMorgan Chase has announced a five-year, $17 million investment in a summer job program to give youth the skills needed to succeed in the modern business world.
The first phase of the Summer Youth Employment Program announced Monday includes $3 million to organizations in 19 U.S. cities that provide training and work experience to the young.
LONDON (AP) — JPMorgan Chase has bought an office building in Ireland as it accelerates its contingency planning for moving jobs to the European Union once Britain leaves the trading bloc.
The American banking giant has acquired 200 Capital Dock in Dublin, a building with the capacity to house 1,000 people. The bank has said it will move hundreds of London jobs to Dublin, Frankfurt and Luxembourg in order to serve its customers in the EU after Britain's exit, or Brexit.
LONDON (AP) — The head of investment banking for JPMorgan Chase & Co. says the bank will move hundreds of jobs from London to Dublin, Frankfurt and Luxembourg as Britain prepares to leave the European Union.
Daniel Pinto told Bloomberg News on Tuesday some will move "in the short term to be ready for day one." More may follow.
JPMorgan’s 3Q earnings fall 8 percent, still beat estimates
NEW YORK (AP) — JPMorgan Chase's third-quarter profits fell 8 percent from a year earlier, the bank said Friday, as higher revenue in retail and investment banking was offset as the bank had to put aside more money to cover loans that might go bad.
The results still beat Wall Street's expectations, however, and JPMorgan Chase's stock rose in early pre-market trading.
OMAHA, Neb. (AP) — Billionaire Warren Buffett and several other prominent business leaders have released a group of recommendations for improving corporate governance.
The list of best practices includes recommendations to choose board members from diverse backgrounds who are independent of a company's management.
The group also suggests public companies should avoid the common practice of offering earnings guidance.
JPMorgan Chase CEO says bank will raise minimum pay
NEW YORK (AP) — JPMorgan Chase says it will give raises to 18,000 tellers, customer service employees, and other workers over the next two years.
In an op-ed published Tuesday in the New York Times, JPMorgan Chase Chairman and CEO Jamie Dimon wrote that the bank will raise its minimum pay to a range of $12 to $16.50 an hour, depending on market and location factors.
Its current minimum pay is $10.15 an hour. Dimon also writes that the bank will invest more in...