When JPMorgan chief executive Jamie Dimon delivers his not-so-abject apology for his bank's $2 billion-plus blooper on Wednesday morning, he'll be facing some interrogators who are also his beneficiaries.
Since 1998, according to Sunlight's Influence Explorer, Dimon and members of his immediate family -- wife Judith, father Theodore and mother Themis -- have given more than $400,000 to politicians and political organizations, including to members of the Senate Banking Committee that has summoned Dimon to testify. Dimon gave $2,000 to committee chairman Tim Johnson, D-S.D., during his last reelection campaign and the same amount to Sen ...Continue reading
JPMorgan executives, including CEO Jamie Dimon, attended several meetings at the Treasury Department last month to discuss the controversial Volcker rule and other matters related to the Dodd-Frank financial reform law, according to new meeting logs released by the agency Thursday.
In the weeks leading up to the bank's disclosure that it had lost at least $2 billion in the sort of hedging strategy that could come under question as agencies implement the Volcker ban on proprietary trading, JPMorgan executives attended three meetings at the agency, the logs show.
Two of those meetings, both on April 26 with Deputy ...Continue reading
Newly published meeting logs from the Treasury Department show that Jamie Dimon, CEO of embattled JPMorgan & Chase, had a private audience with Secretary Timothy Geithner to discuss the Volcker rule and other issues on March 6.
The logs also show that JPMorgan executives attended two other meetings that same month. Volcker was also on the table at another Treasury session the same day, this one a larger meeting with Deputy Assistant Secretary Lance Auer that also included representatives with other groups such as Credit Suisse and Goldman Sachs.
The day before, JPMorgan representatives were also present at another group meeting ...Continue reading
Updated 4:22 p.m. The Treasury Department has now fixed the link to March meetings with outside groups concerning implementation of the Dodd-Frank financial reform law. A spokesman also just called to thank us for alerting the agency to the missed deadline.
Something curious happened after we contacted the Treasury Department press office Tuesday to inquire why it had missed the April deadline for releasing information about meetings with outside groups around implementation of the Dodd-Frank financial reform law--meetings that often include financial heavyweights such as JPMorgan Chase & Company.
We did not get a response -- neither to our initial ...Continue reading