The biggest U.S. bank by assets does not like bitcoin, to put it mildly. J.P. Morgan Chase & Co. Chief Executive Jamie Dimon told CNBC on Thursday that bitcoin is a "terrible store of value.". The.
In a surprisingly short conference call with analysts, Dimon suggested that losses in JP Morgan’s prime mortgage book could triple in the foreseeable future as the credit mess moves out of.
Check your bank’s health | KnoxViews – And JP Morgan says: "Prime looks terrible." In a surprisingly short conference call with analysts, Dimon suggested that losses in JP Morgan’s prime mortgage book could triple in the foreseeable future as the credit mess moves out of subprime and into Alt-A and jumbo loans. “prime looks terrible,” he told analysts on the call.
It would result in a $800 million loss for JP Morgan’s corporate side, and a possible $2 billion (or more) loss for the bank, Dimon said during the call. Dimon said the losses were "self-inflicted" and called the errors the bank made "egregious." JP Morgan’s stock would plunge over 10% over the next couple of days. Source: BI
JPMorgan wants to be Middle America’s mortgage lender.. led by Chief Executive Jamie Dimon, is working fiercely to change course — hoping to not only bring back customers, but influence what.
"I think he definitely took a look at whether he wanted to take a run at being the leader of a political party, and maybe the prime minister. but notched up a furious shouting match with JP Morgan.
Steve Forbes Interview: Whitney Tilson, Hedge Fund Manager, Part 1 – Forbes: Is that primarily mortgages? Tilson: About two-thirds of it is U.S. mortgages, both first liens and second liens. Every quarter you can look at the mortgage. unique among the big banks, JP.
Jamie Dimon (/ d a m n /; born March 13, 1956) is an American business executive.He is Chairman and CEO of JPMorgan Chase, the largest of the big four American banks, and previously served on the board of directors of the Federal Reserve Bank of New York. Dimon was included in Time magazine’s 2006, 2008, 2009, and 2011 lists of the world’s 100 most influential people.
Christiane Amanpour speaks with Congressman-elect Tom Malinowski, Chairman and CEO of JPMorgan chase jamie dimon, and Prime Minister of Canada Justine Trudeau.
He expects the U.S. prime auto borrower to feel stress over the next 18 months. For its own portfolio of consumer loans, JPMorgan’s senior executives said they don’t see a weaker consumer on auto.
Fremont Unloads $4 Billion in Whole Loans galaxy entertainment (0027) yesterday reported its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 8 percent both year-on-year and quarter-on-quarter to HK$4.