JP Morgan CEO Jamie Dimon Earns $29.5 Million in 2017

JP Morgan CEO Jamie Dimon Earns $29.5 Million in 2017

JP Morgan Chase CEO Jamie Dimon earns a total of $29.5 million in cash and equity in 2017.  In 2017, $115.5 million were paid to him and his executive team ($86 million).  For the full year in 2017, JP Morgan Chase achieved a net profit of $24.4 billion.  A billionaire with an estimated net worth of $1.2 billion, Jamie Dimon had been the CEO and President at JP Morgan Chase since 2005, 12 years ago.  At the end of 2006, he became the Chairman of the Board of JP Morgan Chase.

“ JP Morgan Chase CEO Jamie Dimon Receives $29.5 Million in 2017 “

His JP Morgan Chase executive team were paid $86 million in 2017.

  • Daniel Pinto, Head of Investment Banking: $21 million
  • Gordon Smith, Head of Consumer Banking: $20 million
  • Mary Callahan Erdoes, CEO of Asset Management $19.5 million
  • Marianne Lake, Chief Financial Officer: $13.5 million
  • Doug Petno, Head of Commercial Banking: $12 million

Prior to JP Morgan Chase, he was Chairman and CEO at Bank One, and had held several executive roles at Citigroup, the Travelers Group, Commercial Credit Co. and American Express.  He is currently on the Board of Directors of Harvard Business School and Catalyst, Board of Trustees of New York University School of Medicine.  He does not serve on the board of any publicly traded company other than JPMorgan Chase.  Jamie Dimon graduated from Tufts University and received an M.B.A. from Harvard Business School.

Source: JP Morgan, Business Insider, Bloomberg

 

Video:

 

 

Video:

 

About JP Morgan 

JP Morgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here’s where we stand today:

  • We are a leading global financial services firm with assets of $2.4 trillion.
  • We operate in more than 100 countries.
  • We have over 235,000 employees.
  • We serve millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients.
  • We are a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
  • Our stock is a component of the Dow Jones Industrial Average.

Visit:JP Morgan Chase & Co

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

JP Morgan Upgrades Indonesia

JP Morgan Upgrades Indonesia

JP Morgan Chase & Co upgraded the assessment of Indonesia stock market and raised the view of Indonesian equities a level up to “neutral” in  a report saying that volatility in emerging market bonds should now come down after the US election in November. The upgrade occured after Indonesia government cut ties with JP Morgan.

“JP Morgan Chase & Co upgraded the assessment of Indonesia stock market and raised the view of Indonesian equities a level up to “neutral””

Indonesia has welcomed JP Morgan’s new assessment. Previously the Finance Minister had said that it would stop using JP Morgan as a primary dealer and underwriter for sovereign bonds. The recommendation is now more in line with the fundamentals according to the Coordinating Minister for Economic Affairs Darmin Nasution.

Related Reports: Bloomberg, Reuters

 

About JP Morgan 

JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here’s where we stand today:

  • We are a leading global financial services firm with assets of $2.4 trillion.
  • We operate in more than 100 countries.
  • We have over 235,000 employees.
  • We serve millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients.
  • We are a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
  • Our stock is a component of the Dow Jones Industrial Average.

Visit:JP Morgan Chase & Co

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

EU Commission Fines Credit Agricole, HSBC and JP Morgan Chase

EU Commission Fines Credit Agricole, HSBC and JP Morgan Chase

The EU Commission has fined Credit Agricole, HSBC and JP Morgan Chase a total of 485 million Euros ($520 million) for their role in fixing the price of financial benchmarks linked to the Euro. They were part of a cartel between September 2005 & May 2008 to disrupt the Euribor benchmark interest rate used to reflect the cost of interbank lending

“The EU Commission has fined Credit Agricole, HSBC and JP Morgan Chase a total of 485 million Euros ($520 million) for their role in fixing the price of financial benchmarks linked to the Euro.”

~ Reuters

Credit Agricole was fined 114.7 million euros, HSBC 33.6 million euros and JPMorgan Chase 337.2 million euros. Deutsche Bank, RBS and Societe Generale admitted guilty in December 2013. Barclays avoided a fine because it alerted the Commission.

Related Reports: Reuters, CNBC

 

About EU Commission

The Commission’s main roles are to:

  • propose legislation which is then adopted by the co-legislators, the European Parliament and the Council of Ministers
  • enforce European law (where necessary with the help of the Court of Justice of the EU)
  • set a objectives and priorities for action, outlined yearly in the Commission Work Programme and work towards delivering them
  • manage and implement EU policies and the budget
  • represent the Union outside Europe (negotiating trade agreements between the EU and other countries, for example.).

Visit: EU Commission 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Banks Passed Up Share Sale of Uber

Banks Passed Up Share Sale of Uber

The potential fees and reputation which could be gained from working on Uber’s Initial Public Offering are what ever bank looks for. However, at least two investment banks passed on selling shares of Uber to their high net work clients due to lack of financial details on its business.

“The San Francisco-based company has more than $16 billion in cash and debt since it started more than six years ago, most recently at a valuation of $69 billion. “

~Bloomberg

JP Morgan Chase & Co and Deutsche Bank turned down the chance to offer their clients the option to invest in Uber. At the end, Bank of America and Morgan Stanley sold their shares earlier this year through the private wealth divisions.  The San Francisco-based company has more than $16 billion in cash and debt since it started more than six years ago, most recently at a valuation of $69 billion.  If it were to go public at the valuation, it would have a higher valuation than almost 90 percent of the companies in the S&P 500 Index .

Related Reports: Bloomberg

 

About JP Morgan Chase & Co

JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here’s where we stand today:

  • We are a leading global financial services firm with assets of $2.4 trillion.
  • We operate in more than 100 countries.
  • We have over 235,000 employees.
  • We serve millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients.
  • We are a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
  • Our stock is a component of the Dow Jones Industrial Average.

Visit: JP Morgan Chase & Co


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Saudi Arabia Lines Up Banks for $15 billion Bond Sale

Saudi Arabia Lines Up Banks for $15 billion Bond Sale

Saudi Arabia seeks to launch its debut international bond of about 15billion as early as July. Banks expected to take part include the Bank of Tokyo Mitsubishi, HSBC, and JP Morgan Chase which were lead lender on Saudi Arabia $10 billion loan in April.  Others likely to take part in the talks include BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs and Morgan Stanley.

“Saudi Arabia seeks to launch its debut international bond of about 15billion as early as July.”

~ Financial Times

The issuance will include several tenors up to 30 years in maturity and would probably be followed by a further bond later this year and potentially another one next year.

Related Reports: Financial Times, Bloomberg

 

About Bank of Tokyo Mitsubishi

The Bank of Tokyo-Mitsubishi UFJ, Ltd. provides various banking and financial services in Japan, North America, Latin America, Europe, the Middle East, Asia, and Oceania. The company operates through Retail Banking Business Unit, Corporate Banking Business Unit, Global Business Unit, Bank of Ayudhya, Global Markets Unit, and Other Units segments.

As of March 31, 2015, The Bank of Tokyo-Mitsubishi UFJ, Ltd. had 766 domestic branches and 75 international branches. The Bank of Tokyo-Mitsubishi UFJ, Ltd. was formerly known as Bank Tokyo-Mitsubishi Ltd. and changed its name to The Bank of Tokyo-Mitsubishi UFJ, Ltd. in January 2006. The company was founded in 1919 and is headquartered in Tokyo, Japan. The Bank of Tokyo-Mitsubishi UFJ, Ltd. operates as a subsidiary of Mitsubishi UFJ Financial Group, Inc.

Visit: Bank of Tokyo Mitsubishi


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency