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Dimon says JPMorgan was honest with shareholders
Jun 20th, 2012
WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon insisted his bank was upfront with investors about its recent multibillion-dollar trading loss, as regulators examine whether JPMorgan hid a dramatic rise in risk-taking. Dimon, appearing on Capitol Hill on Tuesday for the second time in a week, again apologized for the loss but declined to accept personal responsibility, including the notion that he should offer to have his pay docked. "My compensation is 100 percent up to my board," Dimon told the House Financial Services Committee. ... (Source: Reuters) -
NEW YORK (AP) - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. (Source: Associated Press)... [Full Article]
MILAN (AP) - The woman who prosecutors allege had sex with Silvio Berlusconi while he was Italy's premier in exchange for money spent her second day on the witness stand Friday, denying her own sworn descriptions of racy escapades at his "bunga bunga" parties and long lists of expensive jewelry and watches received from the media mog... [Full Article]
LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said it has fined U.S. bank JPMorgan 3.08 million pounds for being unable to show it was giving clients the right advice. The FCA said on Thursday the failings were not corrected until the watchdog brought them to the firm's attention in the course of its wider review of wealt... [Full Article]
By Lauren Tara LaCapra NEW YORK (Reuters) - Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday. Shareholders should also vote against director James Johns... [Full Article]
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