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Columbia Journalism Review content tagged Jamie Dimon

1. July 6, 2011 10:55 AM

   1955: When Chase Was Too Small to Bail

   By Ryan Chittum

   American Banker has a fun flashback that helps show how out of whack our financial system has gotten in the last half century. Here's the paper's lede from January 1955 when Chase merged with the Bank of Manhattan (emphasis mine): John J. McCloy, chairman of the Chase National Bank of the City of New York, and J. Stewart Baker, chairman...

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2. April 11, 2011 01:58 PM

   NYT Eyes a Conflict of Interest at JPMorgan

   The bank made a couple billion dollars as its clients lost their shirts

   By Ryan Chittum

   The New York Times looks at a lawsuit over conflicts of interest at JPMorgan and how the bank covered its own flank—and made a couple billion dollars—while letting its clients lose hundreds of millions of dollars. It's interesting stuff. Louise Story expands on an October story she wrote on how JPMorgan made bets with other people's money that it could...

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3. December 6, 2010 07:22 PM

   NYT, Jamie Dimon, and Too Big to Fail

   By Ryan Chittum

   Felix Salmon already dissected Roger Lowenstein's, as he called it, "credulous" New York Times Mag profile of press favorite Jamie Dimon. But a couple of other things stuck out in Lowenstein's piece: Dimon echoes the standard business sentiment that boundaries that create inefficiencies raise costs for the enterprise and, therefore, for customers. Perfectly unfettered, he thinks one bank could gain...

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4. January 25, 2012 02:32 AM

   Audit Notes: Dimon the Persecuted, Mitt’s Taxes, Minimum Wage

   By Ryan Chittum

   Yesterday we heard press favorite Jamie Dimon sputtering about how swipe-fee regulations, which capped how much big banks could gouge merchants for debit-card transactions, were "a gross miscarriage of justice." Today, Charlie Gasparino of Fox Business sits down with Dimon and gets some nice quotes out of him on how Obama treats the "fat cats": "I've disagreed right from the...

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5. February 3, 2011 07:45 PM

   Audit Notes: It’s Wall Street’s Deficit, Dimon Steps In It, Red-Faced Mortgage Bankers

   By Ryan Chittum

   Simon Johnson looks at the "Ruinous Fiscal Impact of Big Banks" over at The New York Times's Economix blog: First, if you regulate us, we’ll move to other countries. And second, the public policy priority should not be banks but rather the spending cuts needed to get budget deficits under control in the United States, Britain and other industrialized countries....

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6. June 13, 2012 07:57 PM

   Audit Notes: Jamie’s juice, a new Glass Steagall, U-T San Diego

   ProPublica documents JPMorgan Chase's extensive ties to a docile Senate Banking Committee

   By Ryan Chittum

   ProPublica has a sweet piece listing the connections between JPMorgan Chase and the Senate Banking Committee, which didn't exactly grill CEO Jamie Dimon in his appearance today. Many lawmakers are holding up the losses as evidence of the need for stronger financial regulation. The chairman of the Senate banking committee, Tim Johnson, D-S.D., in his opening remarks, asked for “a...

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7. May 17, 2012 06:11 PM

   Audit notes: Questions for JPMorgan, hindsight journalism, Ticketmaster

   Jesse Eisinger asks what and when Dimon & Co. knew about the bank's big loss

   By Ryan Chittum

   ProPublica's Jesse Eisinger, in his NYT DealBook column, writes about what the press and the authorities should be asking about JPMorgan's $3 billion (and counting) loss: The first lesson of the financial crisis is not that the capital markets were poorly regulated or that the banks were too leveraged or that the government needed better processes for taking over failing...

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8. March 30, 2011 07:13 PM

   Audit Notes: The Dimon Dare; Bloomberg’s Bank FOIA, Hamsters Attack!

   By Ryan Chittum

   The Financial Times reports tonight that press favorite Jamie Dimon, CEO of JPMorgan Chase, that regulation is going to kill off our cherished too-big-to-fail banks, without which our economy would surely flourish... er, I mean perish: “If you want to set it so high that no big bank ever goes bankrupt ... I think that would greatly diminish growth,” he told a...

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9. November 13, 2012 06:50 AM

   Audit Notes: Whinin’ Dimon, Elizabeth Warren, WSJ on Petraeus

   JPMorgan CEO takes to CNBC for consolation

   By Ryan Chittum

   I got a chuckle from Mark Gongloff's Huffington Post piece on Jamie Dimon taking his anti-administration whining to the friendly confines of CNBC: Dimon on Friday afternoon did his whining on CNBC, which has become a sort of Dr. Phil for aggrieved CEOs in the wake of the national catastrophe that is Obama's reelection, according to CNBC. Dimon played some...

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10. April 13, 2012 06:58 PM

    Bloomberg Scrutinizes JPMorgan Chase

    By Ryan Chittum

    Bloomberg News has an important story today showing how press favorite Jamie Dimon's JPMorgan Chase has ramped up risk in its chief investment office, which has become a major profit center for the bank. The CIO is supposed to be, in the words of The Huffington Post's Mark Gongloff, "an unassuming, harmless operation that makes sure all of the bank's...

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11. May 14, 2012 11:04 AM

    The business press embarrasses Jamie Dimon

    London Whale, sighted one month ago, knocks billions off JPMorgan's worth

    By Ryan Chittum

    In what FT Alphaville called "the most excruciating bank conference call we’ve ever heard," press favorite Jamie Dimon announced last week that JPMorgan Chase has lost more than $2 billion on bad derivatives bets made by its chief investment office. It could (meaning, it probably will) lose more than that. On Thursday, we were told up to another billion. By...

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