JPMorgan Chase & Co has yet to convince three of its largest shareholders to support the company in an upcoming vote on whether Jamie Dimon should retain both his CEO and Chairman titles, the Wall Street Journal said. Some investors are pushing for a separation in Dimon’s roles and seeking […]
Tag: JPMorgan Chase & Co
JPMorgan Chase to cut up to 4,000 jobs in 2013
JPMorgan Chase & Co plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company’s overall workforce, as the bank tries to improve the profitability of its branches. The cuts will come mainly through attrition, spokeswoman Kristin Lemkau said. The bank’s […]
JPMorgan slashes CEO Dimon’s bonus on “Whale” trade
JPMorgan Chase & Co’s (JPM) board of directors cut Chief Executive Jamie Dimon’s annual bonus in half, citing the company’s $6.2 billion “London Whale” trading loss, the company said on Wednesday. Dimon’s pay was slashed even though JPMorgan, the largest U.S. bank, said fourth-quarter net income jumped 53 percent, and […]
