“We maintain a fortress balance sheet to manage surprises and setbacks like this,” Dimon said today. “I’m confident when we’re done here we’ll be a stronger company.” [Bloomberg, earlier] Continue reading » Follow Dealbreaker on Twitter or become a fan on Facebook. Tags: Fortress balance sheets, FYIs, Jamie Dimon, JPMorgan, surprises
read more
JPMorgan CEO Jamie Dimon has admitted his company stands to lose $3 billion if countries on the continent default. In a letter to shareholders obtained by Bloomberg, Dimon admitted that the bank had exposures to both Ireland and Gre... Read Post
WASHINGTON -- The "King of Wall Street" returns to Capitol Hill today, this time to explain how JPMorgan Chase & Co. sustained a $2-billion hole in its "fortress balance sheet." Read Post
UPDATE:JPMORGAN CFO EXPECTED TO STEP DOWN: WSJ Jamie "The Europeans have the will, but no way; The US has the way, but no will." Dimon had a very open and wide-ranging discussion with the Council on Foreign Relations today. The conv... Read Post