Wall Street's king, Jamie Dimon, on the US presidency

CEO of America’s largest and most successful bank, JPMorgan Chase, Jamie Dimon heads up a globe-spanning operation worth more than $400BN. 

In this film Zanny Minton Beddoes, the editor-in-chief of The Economist, probes his public-policy ideas–from US-China relations to Bidenomics–and hears his plans for the future.

Is The Banking Crisis Finally Over?

A look at the takeover of First Republic Bank by the FDIC and its subsequent sale to JP Morgan. 

We explore the impact of this crisis on other regional banks such as PacWest and Western Alliance, and discuss whether or not the banking crisis is finally over, as JP Morgan CEO Jamie Dimon claims.

Dimon Jokes JPMorgan Likely to Outlast China's Communist Party

JPMorgan Chase & Co. CEO Jamie Dimon cracked a joke about China during a panel discussion in Boston, but will China see the funny side? Bloomberg's Patrick Winters reports on "Bloomberg Daybreak: Middle East."

US prosecutors lay out charges connected to huge JPMorgan hack

From Finextra –

“US prosecutors have unveiled charges against three men accused of hacking into a host of major financial institutions, including JPMorgan Chase, and stealing the data of millions of people.

In an indictment unsealed today, Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein face 23 charges, including computer hacking, wire fraud and securities fraud.”

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It looks like banks might have rigged another huge market

From Business Insider –

“The market for US Treasury bonds may have been rigged.

That’s according to a federal antitrust lawsuit, first reported by Bloomberg's Alexandra Scaggs and Matthew Leising.

The plaintiffs — Cleveland Bakers and Teamsters Pension Fund, represented by law firm Quinn Emmanuel Urquhart & Sullivan — claim that Treasury dealers including Goldman Sachs, JPMorgan, and Morgan Stanley coordinated to manipulate primary market Treasury auctions.”

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Lessons from the Hayes conviction

From The Financial Express –

“Last week’s conviction of Tom Hayes, in the infamous London Interbank Offered Rate (LIBOR) rigging scandal, should be an eye-opener for Indian regulatory authorities. The scandal, which peaked around 2008, involved some major banks—including JP Morgan, Deutsche Bank and Barclays Bank—artificially understating the interest rate.

While it may no longer be shocking to hear Hayes pleading that such interest rate manipulations were common knowledge, both to his seniors and the banking sector in general, it may be heartening to note that RBI has taken proactive steps to counter similar manipulations of MIBOR—Mumbai Interbank Offered Rate—which was originally set up on the lines of LIBOR. Although it is not a global benchmark like LIBOR, it is, as the NSE defines it, the “yardstick for the money market”, serving as a reference in the interest rate swap market in India and a benchmark rate for majority of deals struck for interest rate swaps, forward rate agreements, floating rate debentures and term deposits.”

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