THE GUARDIAN: The final stretch of the JP Morgan Chase chief’s career is a bumpy one, as Trump himself demands prosecutors investigate Epstein’s ties to Dimon’s bank
Jamie Dimon, the longtime chief of JP Morgan Chase, America’s biggest bank, was under oath. The occasion was a May 2023 deposition related to several lawsuits filed against his bank over its history of involvement with the sex trafficker Jeffrey Epstein.
The question put to Dimon was straightforward: “When did you first learn that Jeffrey Epstein was a customer of JPMorgan?”
His answer seemed clear: “I don’t recall knowing anything about Jeffrey Epstein until the stories broke sometime in 2019” – meaning the stories about Epstein’s arrest by federal authorities in the summer of 2019 and his death a month later in a Manhattan jail cell.
Clear, but believable? This exchange can be found in the US justice department’s Epstein files, with the digital “Epstein library”, as it’s called, tabulating 204 “results” (separate documents, though some duplicative) for Dimon, at current count, and 9,404 for his bank.
Epstein was a client of JP Morgan Chase for 15 years, from 1998 to 2013, for the last eight of which Dimon was the bank’s CEO, the position he still holds. And Epstein was not just any client, but a prized one of JPMorgan’s private bank for ultra-wealthy customers. A JP Morgan report, belatedly filed with the treasury department, flagged about 4,700 Epstein-related “suspicious activity” transactions totaling $1.1bn, including payments to women from post-Soviet countries. Through Dimon’s bank, Epstein wired hundreds of millions of dollars to Russian banks.
Not only that, a top former JP Morgan executive, Jes Staley, undermined Dimon’s sworn testimony – claiming to have communicated with Dimon on Epstein years before the 2019 arrest. And a current senior bank executive, Mary Erdoes, often said to be on Dimon’s shortlist of candidates to succeed him as CEO, was also actively involved with the Epstein account and was aware, as documents show, of Epstein’s court-affirmed status as a high-risk sex offender. » | Paul Starobin | Friday, February 13, 2026
Showing posts with label Jamie Dimon. Show all posts
Showing posts with label Jamie Dimon. Show all posts
January 05, 2026
Dimon’s $770 Million Windfall Shows How Banking Is Great Again
THE NEW YORK TIMES: The Trump administration is lifting regulations, and deal making is heating up. For Jamie Dimon, being JPMorgan Chase’s chief executive was more lucrative in 2025 than ever.
For nearly 15 years, Jamie Dimon, the bank chieftain, has carried around what might as well be a talisman when he sees regulators, elected officials and journalists.
At just the right time in meetings, he breaks out a single-page printout that he calls a “spaghetti chart.” On it, Mr. Dimon’s underlings have crammed, in tiny type, a comically complicated flowchart meant to represent the various laws and regulations to which his company, JPMorgan Chase, is subject.
The theatrics have finally worked.
The Trump administration is not just taking apart regulations but attacking whole regulatory agencies that date back to the 2008-9 financial crisis and were meant to keep banks from giving in to their worst impulses. Regulators have also made it easier for banks to peddle in risky assets again, like cryptocurrency, and President Trump paused enforcement of foreign anti-bribery rules.
The deregulatory bonanza alone makes it the best time in a generation to be a banker.
But there’s more! Falling interest rates and a permissive set of antitrust overseers are helping reverse a lull in the lucrative business of arranging mergers and acquisitions, as the $100 billion bidding war between Netflix and Paramount for Warner Bros. Discovery shows. Once imperiled real estate loans look steadier, thanks to the rebound of in-office work. Stocks are near record levels, the bond market had its best year since 2020, and gold and silver have soared — all of which feeds the trading businesses that keep Wall Street’s profit machine humming. » | Rob Copeland | Rob Copeland covers Wall Street and banks. | Monday, January 5, 2026
For nearly 15 years, Jamie Dimon, the bank chieftain, has carried around what might as well be a talisman when he sees regulators, elected officials and journalists.
At just the right time in meetings, he breaks out a single-page printout that he calls a “spaghetti chart.” On it, Mr. Dimon’s underlings have crammed, in tiny type, a comically complicated flowchart meant to represent the various laws and regulations to which his company, JPMorgan Chase, is subject.
The theatrics have finally worked.
The Trump administration is not just taking apart regulations but attacking whole regulatory agencies that date back to the 2008-9 financial crisis and were meant to keep banks from giving in to their worst impulses. Regulators have also made it easier for banks to peddle in risky assets again, like cryptocurrency, and President Trump paused enforcement of foreign anti-bribery rules.
The deregulatory bonanza alone makes it the best time in a generation to be a banker.
But there’s more! Falling interest rates and a permissive set of antitrust overseers are helping reverse a lull in the lucrative business of arranging mergers and acquisitions, as the $100 billion bidding war between Netflix and Paramount for Warner Bros. Discovery shows. Once imperiled real estate loans look steadier, thanks to the rebound of in-office work. Stocks are near record levels, the bond market had its best year since 2020, and gold and silver have soared — all of which feeds the trading businesses that keep Wall Street’s profit machine humming. » | Rob Copeland | Rob Copeland covers Wall Street and banks. | Monday, January 5, 2026
January 19, 2024
JP Morgan Boss Receives Record Payout
THE TELEGRAPH: Jamie Dimon earns $36m as bank announces best profits of Wall Street’s Big Four
Jamie Dimon is the longest serving chief executive among the major investment banks CREDIT: CHRIS RATCLIFFE/POOL/EPA-EFE/Shutterstock
Wall Street giant JP Morgan paid its long-standing chief executive Jamie Dimon a record $36m (£28.4m) last year. The payout was a 4.3pc increase for Mr Dimon and comes after the bank reported $49.6bn (£39.1bn) of profits last Friday, well ahead of its peers. He was paid $34.5m in 2022.
Mr Dimon, 67, who is the longest serving chief executive among Wall Street’s Big Four banks, hailed the results – which come after JP Morgan shares rose 27pc during the year.
The bank’s board said: “The firm is in a fortunate position to be led by such a highly talented and experienced executive who continues to grow the company, maintain market leadership positions, strengthen the firm’s reputation, invest in opportunities for the future, promote diversity and best practices, manage risk and develop great leaders, while also maintaining his focus on the firm’s clients.”
Mr Dimon’s payout will be made up of a $1.5m base salary and a $34.5m bonus, most of which is paid in stock. » | Chris Price | Friday, January 19, 2024
SOME BOSSES AREN'T QUITE SO SHAMELESS:
British Gas boss Chris O'Shea: 'I can't justify my pay of £4.5m': The boss of British Gas owner Centrica has told the BBC his pay last year of £4.5m is "impossible to justify". »
Wall Street giant JP Morgan paid its long-standing chief executive Jamie Dimon a record $36m (£28.4m) last year. The payout was a 4.3pc increase for Mr Dimon and comes after the bank reported $49.6bn (£39.1bn) of profits last Friday, well ahead of its peers. He was paid $34.5m in 2022.
Mr Dimon, 67, who is the longest serving chief executive among Wall Street’s Big Four banks, hailed the results – which come after JP Morgan shares rose 27pc during the year.
The bank’s board said: “The firm is in a fortunate position to be led by such a highly talented and experienced executive who continues to grow the company, maintain market leadership positions, strengthen the firm’s reputation, invest in opportunities for the future, promote diversity and best practices, manage risk and develop great leaders, while also maintaining his focus on the firm’s clients.”
Mr Dimon’s payout will be made up of a $1.5m base salary and a $34.5m bonus, most of which is paid in stock. » | Chris Price | Friday, January 19, 2024
SOME BOSSES AREN'T QUITE SO SHAMELESS:
British Gas boss Chris O'Shea: 'I can't justify my pay of £4.5m': The boss of British Gas owner Centrica has told the BBC his pay last year of £4.5m is "impossible to justify". »
April 04, 2019
Billionaire JP Morgan Chief Attacks Socialism as 'a Disaster'
The world’s most powerful banker has attacked socialism, saying it produces “stagnation, corruption and often worse”.
JP Morgan chief executive Jamie Dimon took aim at socialism in his annual letter to shareholders, and warned it would be “a disaster for our country”.
Dimon, who was paid $31m last year as the head of America’s largest bank and who is estimated by Forbes to be worth $1.3bn, took his swipe as a new wave of left politics has emerged in the US.
Democratic socialism has been embraced by a new generation of politicians, including New York congressman Alexandria Ocasio-Cortez, and supporters of Bernie Sanders, a longtime socialist now making a second bid for the presidency.
Dimon’s attack also comes as many leftwing Democrats, including Sanders and senator Elizabeth Warren, have called for the breakup of big businesses and greater regulation of banking in particular.
In his letter, Dimon wrote: “When governments control companies, economic assets (companies, lenders and so on) over time are used to further political interests – leading to inefficient companies and markets, enormous favoritism and corruption.” » | Dominic Rushe in New York | Thursday, April 4, 2019
December 20, 2018
Banker Says Another Recession Would Be Good for Business
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