JAMIE DIMON

Treasury Secretary Janet Yellen worked against the clock with other regulators, lawmakers and business leaders to come up with a plan that would prevent a full blown banking crisis.

Investors will get a slight reprieve next week as Wall Street gets ready to close the books Tuesday on a pretty dismal month.

"We've got a schizophrenic market, where each local surge of hope gets squashed by the next national or international fear," said CNBC's Jim Cramer.

The JPMorgan CEO said he's not currently breaking out the recession playbook because of the strength of the U.S. economy.

One year into its conflict with Russia, which invaded Ukraine in Feb. 2022, Ukraine's government is laying the groundwork to help rebuild the country.

J.P. Morgan CEO Jamie Dimon and Elon Musk agreed Thursday that the world will be reliant on oil and gas for 50 years and that an immediate transition to alternative energy is unrealistic.

The JPMorgan Chase CEO said even questioning raising the debt limit `is the wrong thing to do...This is not something you should be playing games with at all."

Another hard sell-off points to a negative opening that may not be buyable unless bonds stabilize.

Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly high.

Global trade, manufacturing, and warehouse trends provide a picture of consumer health and the economy. It's not looking good right now.

JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.

Regardless of the outcome of this legal scuffle, this is an embarrassing episode for JPMorgan and its CEO Jamie Dimon.

That’s the issue facing many enterprises as well as the Tory regime in the UK. Plus a selection of the writer’s favorite columns

On this "Face the Nation" broadcast, JPMorgan Chase CEO Jamie Dimon and Rep. Adam Schiff joined Margaret Brennan.

"Maybe all this sort of self-illusion that we had, that somehow the world's at peace, and everything would be fine — that should have been shattered," the JPMorgan Chase CEO said.

The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022, on "Face the Nation."

J.P. Morgan Chase & Co. CEO Jamie Dimon, House Intelligence Committee Chairman Rep. Adam Schiff, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.

"It's like anything can go wrong," the JPMorgan Chase CEO told CBS News "Face the Nation" moderator Margaret Brennan in an exclusive interview.

"Don't panic the next time you hear one of these bank CEOs say something terrifying — they don't know the impact of their words," Cramer said.

The CEOs of some of the biggest American companies believe the economy may be heading for a recession. There's still hope for investors, financial advisors say.

The CEOs of JPMorgan, General Motors, Walmart and others are gearing up for a potential economic slowdown in 2023.

U.S. stock futures point to a mixed open after Monday's sharp selloff.

JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon said Tuesday on CNBC's "Squawk Box." "Inflation is eroding everything I just said, and that trillion and a half dollars will run out sometime mid year next year," Dimon said. It "may very well derail the economy and cause a mild or hard recession that people worry about." Dimon, 66, has led the New York-based bank since 2006.

If Wall Street really cared about responsible investing, they wouldn't turn a blind eye to China's human rights abuses, genocide and military aggression.

Republican lawmakers plan to conduct oversight of Wall Street’s policies to promote sustainability, calling it 'woke capitalism.'

Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expect a U.S. recession.

U.S. executives and billionaire investors are mingling and making deals at a conference nicknamed "Davos in the Desert," even as the White House reevaluates relations with Saudi Arabia.

Pete Buttigieg says recession is "possible but not inevitable," adding the Biden administration is working on expanding production capacity in the U.S.

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient.

The Federal Reserve's campaign to tame high inflation here in the U.S. has been felt around the world.

JPMorgan Chase & Co.’s third quarter profits fell by 17% from a year earlier, as the bank set aside roughly a billion dollars to cover potential losses in what CEO Jamie Dimon has said a could be a recession in six to nine months.

Investors have dumped bank shares lately, pushing JPMorgan and others to fresh 52-week lows this week, on concern that the Fed will trigger a recession.

Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.

In a story published October 13, 2022, about JPMorgan Chase and the rapper formerly known as Kanye West ending their business relationship, The Associated Press misspelled conservative activist Candace Owens' first name as Candice.

President Joe Biden said he doesn't believe there will be a recession in the near future and if there is, he expects it to be a "slight" economic dip.

The US is the world's largest producer of oil, but Saudi Arabia and Russia are the world's top two exporters of the fuel.

Jamie Dimon appears to be a fan of Elon Musk's $44 billion Twitter takeover deal.

JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas to help alleviate the global energy crisis.

JPMorgan Chase CEO Jamie Dimon warned that a "very, very serious" mix of headwinds was likely to tip both the U.S. and global economy into recession.

Customers who get ripped off using the bank-run online payment system seldom get their money back, lawmaker claims.

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.

The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.

The banking industry's top leaders face another day of hearings in Washington D.C.

U.S. stock futures mixed Thursday. Treasury yields still blowing out. Not stopping here.

CEOs of the biggest U.S. retail banks are set to testify before both chambers of Congress this week.

The CEOs of the nation’s biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.

US banks have emerged stronger from the past decade’s crises. The JPMorgan CEO is right to question whether excessive capital requirements are now doing more harm than good.

US banks have emerged stronger from the past decade’s crises. The JPMorgan CEO is right to question whether excessive capital requirements are now doing more harm than good.

New York City offices are nearing the halfway mark in workers returning, according to the latest data.

While JPMorgan is the world's biggest provider of merchant services, fast-growing upstarts including Stripe and Block have been climbing the rankings.

Citing lower risk from the virus, firms such as Goldman Sachs and Morgan Stanley are ending covid protocols as the push to bring workers back to offices continues.

Jamie Dimon told clients Tuesday that he estimates a 20-30% chance of a "harder recession" and 20-30% odds of "something worse," Yahoo reported.

"Because of high oil and gas prices, the world is turning back on their coal plants. It is dirtier," Jamie Dimon said Tuesday, according to Yahoo.

The US has some of the highest fees in the world for using plastic on purchases.

Oleg Ustenko told CNBC that Ukraine's justice and security services were gathering data on Western banks he says are financing the Russian state.

More companies are looking at a huge segment of the U.S. population as a promising source of much-needed workers: Americans with criminal records.

Bank of America’s second quarter profits fell by 32% from a year ago, the latest bank to report a decline in profits after a strong 2021.

JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one paragraph, and it's not all good.

Profits at JPMorgan Chase fell by 28% in the second quarter, as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise.

Share prices are mixed after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home.

Asian stock markets are mixed following a bond sell-off on Wall Street amid anxiety about higher U.S. interest rates.

Expedia's Peter Kern and Warner Bros.

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million.

JPMorgan Chase said its first quarter profits dropped by 42% from last year, partly because the bank had to write down nearly $1.5 billion in assets due to higher inflation and the Russian-Ukrainian War.

Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his annual letter to JPMorgan Chase shareholders on Monday.

Building a gleaming new headquarters at a time when more and more people are working from home may not seem to make sense.

Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.

Whether you love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day.

JPMorgan Chase says profits rose 24% in the third quarter, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels.

It's been a tempestuous week in Washington, with insults and accusations flying, deadlines pressing and some major things to get done.

Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card.

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses.

The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses.

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year.

JPMorgan Chase will promote two women to jointly manage the bank’s consumer finance division, potentially signaling that a woman may eventually run the nation’s biggest bank.

JPMorgan Chase saw its first quarter profits jump nearly five fold from a year earlier, as the improving economy allowed the bank to release roughly $5 billion from its loan-loss reserves that it had stored away in the early weeks of the pandemic.

The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again.

(AP Photo/Mark Lennihan)CHARLOTTE, N.C. – The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into the “good” pile. Citigroup had a similar story, releasing $1.5 billion of its loan-loss reserves that it had set aside earlier last year. Still, those amounts are just a fraction of the tens of billions of dollars into their so-called loan-loss reserves to cover potentially bad loans in the first months of the pandemic. In releasing funds from loan-loss reserves, the banks cited the improvement in the economy. JPMorgan still has more than $30 billion tied up in its loan-loss reserves, and banks like Citi and Wells have similar figures on their balance sheets.

JPMorgan Chase & Co., the nations largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firms investment bank division had a stellar quarter and the banks balance sheet improved despite the pandemic. Excluding one-time items, the bank earned $3.07 a share, which is well above the $2.62 per share forecast analysts had for the bank. Banks had set aside tens of billions of dollars to cover potentially bad loans, and JPMorgan had been particularly aggressive in setting aside funds early in the pandemic. The driver of JPMorgan's profits this quarter was the investment banking business. The corporate and investment bank posted a profit of $5.35 billion compared with $2.94 billion in the same period a year earlier.

A health care venture created in 2018 by the three corporate giants to attack soaring care costs will shutter only a couple years after launching. (AP Photos, File)INDIANAPOLIS – A health care venture conceived by Amazon, Berkshire Hathaway and JPMorgan to attack soaring costs is dissolving. Haven, which was formed in 2018 by the three U.S. corporate giants, will cease operations by the end of February, a company spokeswoman said Monday. Health care costs have grown faster than wages and inflation for years, stressing families and employers. It started new designs for health care benefits that eliminated patient out-of-pocket payments like deductibles and coinsurance and encouraged access to primary care.

In the early months of the U.S. pandemic, banks set aside tens of billions of dollars to cover losses that could come from loans that were suddenly going bad. On top of the stimulus, banks entered into this pandemic the healthiest they’ve been in years and certainly healthier than they were before the financial crisis of 2008. JPMorgan set aside $611 million to cover potentially bad loans in the third quarter, a fraction of the $10.47 billion the bank set aside to cover bad loans in the second quarter. On Wednesday, Bank of America said it set aside $1.4 billion to cover potentially bad loans, far less than the $5.1 billion it set aside three months earlier. Most of the worry seems to reflect investors' uncertainty about whether banks will have to set aside additional billions in the future.

Both Citi and JPMorgan set aside fewer funds to cover potentially bad loans, contributing to the improvement in their third-quarter results. JPMorgan had $611 million in loan loss provisions this quarter, a fraction of the $10.47 billion the bank set aside in the second quarter. Meanwhile Citigroup’s provision for credit losses was $2.26 billion in the third quarter compared to $7.9 billion the quarter before. Citi said its third-quarter net income fell to $3.23 billion from $4.91 billion a year earlier. JPMorgan and Citi were the first of the major banks to report its results this week.

CHARLOTTE, N.C. – JPMorgan Chase said Thursday it will extend billions in loans to Black and Latino homebuyers and small business owners in an expanded effort toward fixing what the bank calls “systemic racism” in the country’s economic system. “Systemic racism is a tragic part of America’s history,” said JPMorgan Chase CEO Jamie Dimon in a statement. Citigroup announced last month it is committing $1 billion toward closing “the racial wealth gap” in the United States, including $550 million toward homeownership programs for racial minorities. He noted that there’s a 30% gap between Black and white homeownership, amounting to about 4.5 million households. JPMorgan was one of 27 major New York-based companies that joined a program to recruit 100,000 workers from the city's low-income, predominately Black, Latino and Asian communities over the next 10 years.

NEW YORK Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that includes checking and savings accounts but also Citi's massive credit card business. Fraser will be the first woman to lead one of Wall Street's big six banks. JPMorgan Chase's Jamie Dimon has had women as his second-in-command for years, but shows no signs of stepping down from the CEO role. Corbat turned Citi into a much smaller and stable entity, focusing on its credit card businesses and its international banking franchise.

Thanks largely to the funds set aside for bad loans, JPMorgan's profit fell by half in the April-June quarter, Citigroup's sank about 70% and Wells Fargo reported its first quarterly loss since the financial crisis of 2008. In its second-quarter results, JPMorgan said it set aside $10.5 billion to cover potentially bad loans. Thats on top of the $8.3 billion the bank set aside in April, when the pandemic was only just starting to impact the U.S. economy. Citi, which is heavily exposed in credit cards, set aside an additional $7.9 billion to cover potentially bad loans. Wells Fargo, which did not set aside as much money as its peers in April, had to play catch up this quarter, setting aside $8.4 billion to cover potentially bad loans.

Blockbuster earnings from the likes of JPMorgan Chase and UnitedHealth sent the Dow climbing more than 250 points, or roughly 1%, in afternoon trading. After weeks of trying to decipher the latest developments in the trade war, the start of earnings season has allowed investors to refocus on the fundamentals. The IMF on Tuesday cut its 2019 global growth forecast, calling for the weakest pace since the financial crisis. However, the big banks on the front lines of America's economy reported mostly upbeat results on Tuesday. The Wall Street firm was hurt by slowdowns in M&A and the trouble in the IPO market.

JPMorgan confirmed Tuesday that it had the winning bid for 2% of China International Fund Management, a joint venture between the bank and its local partner. The price values the entire venture at 12 billion yuan ($1.7 billion), one third higher than an earlier valuation of 9 billion yuan ($1.3 billion), according to the exchange filing. JPMorgan has already received Chinese approval to run a separate securities joint venture. Foreign banks have geared up the process of controlling their Chinese joint ventures, after Beijing said it would eventually allow majority foreign ownership of domestic companies. Last week, Morgan Stanley signed a contract with its Chinese partner to buy enough of their joint venture in order to gain a 51% controlling stake.