Dimon: JPMorgan Won't Poach From Citi, BofA

Monks, Matt
November 2009
High Yield Report;11/2/2009, Vol. 20 Issue 44, p9
The article reports on the declaration of Jamie Dimon, head of JPMorgan Chase, that the company will not take advantage of the weakness of Citigroup and Bank of America by recruiting talents from both companies. Dimon noted that he will not use pay restrictions at bailed-out lenders as an excuse to recruit top executives. At a Securities Industry and Financial Markets Association conference, Dimon noted that the financial crisis was due to a number of factors such as the excessive use of leverage throughout the financial sector and trade deficit.


Related Articles

  • Dimon Says JPM Won't Poach from Citi, B of A. Monks, Matthew // American Banker;10/28/2009, Vol. 174 Issue 196, p16 

    The article focuses on Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. Dimon comments on the bailouts of Citigroup Inc. and Bank of America Corp. and on the opportunity to recruit executives from rival companies that have imposed salary caps. A conference of the...

  • Dimon the Patriot. Monks, Matt // Mergers & Acquisitions: The Dealermaker's Journal;Dec2009, Vol. 44 Issue 12, p10 

    The article reports that according to Jamie Dimon, the chief executive officer (CEO) of J.P. Morgan Chase & Co., he will not use pay restrictions at bailed-out organizations like Citigroup Inc. and Bank of America Corp. to recruit employees. Dimon says that the revival of such companies is in...

  • Fund May Be Ready This Year: Dimon.  // American Banker;11/8/2007, Vol. 172 Issue 216, p2 

    The article reports that three U.S. banks will meet the goal of U.S. Treasury Secretary Henry Paulson in establishing a fund by the end of 2007 in an effort to revive the asset backed commercial paper market. JPMorgan Chase & Co.'s chief executive officer, James Dimon, said the company was...

  • Panel to help smooth merger of Salomon, Citi operations. Moyer, Liz; Weidner, David // American Banker;11/19/1998, Vol. 163 Issue 222, p4 

    Reports on management and organizational changes at Citigroup's corporate bank following the departure of its top executive, James Dimon. Formation of an operating committee to help oversee the unit's strategic direction; Difficulties that resulted from Citicorp's merger with Travelers Group in...

  • Dimon, Job Hunting, Tells Intimates of Citi Ouster. WEIDNER, DAVID // American Banker;12/20/1999, Vol. 164 Issue 242, p1 

    Looks at the activities of Jamie Dimon, former president of Citigroup, after his forced resignation in October 1998. Events surrounding his departure from the company; Conflict with the company's co-chairman Sanford I. Weill; Dimon's views of himself as a victim; Dimon's plans to return to the...

  • Biggest U.S. Banks Said to Face Asset Tax in Republican Plan.  // Bond Buyer;2/26/2014, Vol. 123 Issue 34066, p1 

    The article focuses on a proposal by the U.S. House Ways and Means Committee chairman Dave Camp to increase taxes for the U.S. banks and insurance companies such as General Electric Co.'s financing arm. Topics discussed include impact of high taxes for companies such as JPMorgan Chase & Co.,...

  • Dimon: Small Banks Are Pretty Risky, Too. Hochstein, Marc // Americanbanker.com;4/8/2015, p1 

    Mounting yet another defense of JPMorgan Chase's size and scope, Chairman and CEO Jamie Dimon pointed out the fallibility of smaller banks in his annual letter to shareholders.

  • Exp'd Mgr, Fin'l Svcs, Seeks Position. Loomis, Carol J. // Fortune;12/6/1999, Vol. 140 Issue 11, p62 

    Focuses on Jamie Dimon, former president of Citigroup Inc., who was fired from his position last year. How he is still unemployed; Efforts to find the right kind of job opportunity; The three kinds of jobs he'd be interested in; The reactions of his wife and daughters to his unemployment.

  • Jamie Dimon Wants Respect. Kurson, Ken; Nash, Jeff // Money;Feb2002, Vol. 31 Issue 2, p46 

    Profiles chief executive officer (CEO) Jamie Dimon of Chicago, Illinois' Bank One, and his efforts to improve the stock of his company. Background of Bank One; The merger that formed the company in 1998; The management changes that Dimon has made at Bank One; The closing the company's online...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics