https://assets.fnlondon.com/2011/04/4068434226.jpg

Obama’s ‘favourite banker’ took a beating this week after the firm’s name was dragged through the mud following $2bn of trading losses. Dimon faced criticism from investors who argued that he should end his dual role as chairman and chief executive of the bank, but the majority of shareholders overruled the proposal at the bank’s quickfire AGM in Tampa, Florida. Dimon appeared contrite after earlier bullishness, labelling the errors the result of a “new strategy (that) was flawed, complex, poorly reviewed, poorly executed, and poorly monitored,” according to remarks recorded by Reuters. The fallout from JP Morgan’s $2bn trading meltdown this week claimed the career of Ina Drew, who ran the risk management group which oversaw the losses.

Jamie Dimon faced investors at JP Morgan's AGM; The FSA banned BGC's Tony Verrier; and Plus Markets' troubles deepened for chief executive Cyril Théret.

https://assets.fnlondon.com/2012/05/4070500582.jpg

https://assets.fnlondon.com/2012/05/4070509989.jpg

https://assets.fnlondon.com/2012/05/4070508248.jpg

https://assets.fnlondon.com/2012/05/4070510025.jpg

https://assets.fnlondon.com/2012/05/4070509994.jpg

David Thomas

JP Morgan

Audit watchdog sticks with flexible working amid Canary Wharf office shift

Ex-Barclays banker Jerry del Missier joins UK non-dom exodus to Milan

UK banks uncovered 178 staff WhatsApp breaches, FCA survey finds

Milbank hires private equity M&A rising star in Germany

https://images.fnlondon.com/im-43406752?size=1.5

Coutts hires ex-JPMorgan banker James Todd as next private client boss

https://images.fnlondon.com/im-95923804?size=1.42

Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

https://images.fnlondon.com/im-14432569?size=1.5

US law firm hires private equity specialist from key client

Junior bankers at Robert W. Baird say such long hours weren’t unusual for industrials team.

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

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

https://www.wsj.com?type=allesseh_content_full_list

https://ace.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

People in the news this week

Financial News