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JP Morgan Bottom-Feeds The Troubled Florida Market (JPM)
Yesterday, Jamie Dimon revealed JP Morgan Chase's plans to expand into Florida -- one of the most troubled economies around..
Chase, primarily a NY-based bank, already gained a significant presence in Florida after it acquired WaMu in September 2008.
Now Chase will open 20 to 30 new branches in Florida beginning in 2011, with some projects beginning sooner, according to The Miami Herald.
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Jamie Dimon Eyes The Door (JPM, BAC, WFC, C, GE, GOOG, PFE, CSCO, HON, INTC, GS, AXP)
NEW YORK (TheStreet) -- Jamie Dimon is approaching an important milestone leading JPMorgan Chase (JPM ) and it may suggest the time to move could come in 2011. Dimon is at the 10-year mark as CEO of one of the country's largest bank... Read Post
WaMu's Credit Card Defaults May Soar To 24%, Says Dimon
How much of a basket-case was WaMu? Jamie Dimon says defaults on its credit card portfolio may hit 24% this year. Defaults on JP Morgan's own portfolio, meanwhile, are climbing toward 10%. FT: Jamie Dimon, JPMorgan Chase chief exe... Read Post
Jamie Dimon: JP Morgan Will Hire More Army Vets To Celebrate Veterans Day (JPM)
In anticipation of Veterans Day on Thursday, Jamie Dimon sent a message to all of JPMorgan's US employees this morning. The bank is planning on expanding its flock of ex-military men and women, he writes. Here's the memo: This month... Read Post