Jamie Dimon stepped down as chairman of the lender’s main bank subsidiary at the start of July, according to a person briefed on the move.

We are only now learning that this was done months ago?!
I want to know what other important information is being withheld… ~Ron
JP Morgan
Bloomberg reported today:

Jamie Dimon’s Power Struggle: Loses Bank Chairman Role, A Bigger Blow May Come Next

“JPMorgan has sought to bolster corporate governance and rebuild its relationship with watchdogs after probes by regulators and a Senate panel faulted the firm for withholding information from U.S. overseers during trading losses last year. Dimon handed off the chairman title at the unit after company attorneys recommended it for technical reasons, rather than because of pressure from regulators or investors, said the person, who’s familiar with the bank’s thinking.” –http://www.bloomberg.com/news/2013-10-04/jpmorgan-s-dimon-said-to-relinquish-chairman-role-at-bank-unit.html



Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

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One comment on “Jamie Dimon stepped down as chairman of the lender’s main bank subsidiary at the start of July, according to a person briefed on the move.
  1. RonMamita says:

    This Article JPMorgan Chase is composed of Creative Common Content.
    The Original Article can be location at WikiPedia.org.
    US 21.30 billion 2012
    assets US 2.509 trillion 2012
    equity US 204.1 billion 2012
    number of employees 258965 2012
    divisions J.P. Morgan Asset Management
    subsid Chase date: October 16 2008 agency Associated Press access date December 17 2009
    According to Bloomberg as of October 2011 JPMorgan Chase surpassed Bank of America as the largest U.S. bank by assets.ref Its predecessor the Bank of the Manhattan Company was the 22nd oldest bank in the world.


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