JP Morgan’s Dimon: Prime Mortgages Look Terrible

JPMorgan Chase CEO Jamie Dimon. look at a recession as a bad thing. I mean, it’s bad for America. It’s bad for people who are unemployed. it’s usually an opportunity for J.P. Morgan. So I don’t sit.

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JP Morgan. s CEO Jamie Dimon just seems like the more level-headed than the CEOs of the other major banks. He put aside more money for bad loans than many competitors and he is not overly.

May 17 (Reuters) – Thousands of banking jobs could move out of Britain as finance companies look to. as well. JP Morgan, which employs 500 people in Dublin, has agreed to buy a Dublin building with.

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In a surprisingly short conference call with analysts, Dimon suggested that losses in JP Morgan’s prime mortgage book could triple in the foreseeable future as the credit mess moves out of.

 · JP Morgan Pays $2 a Share for Bear Stearns. Reflecting Bear’s dire straits, JPMorgan agreed to pay only about $270 million in stock for the firm, which had run up big losses on investments linked to mortgages.

The frisson in the air is palpable as JP Morgan chief executive and Wall Street grandee, Jamie Dimon, wanders around the banking giant. JP Morgan to avoid the worst of the US subprime mortgage.

In late October, chairman of the council, former UK prime minister Tony Blair, will bring the meeting to order in Mexico City. It’s not a surprising or controversial choice and Euromoney is in.

Subprime auto loans are too small to be a big problem, says Dimon. Subprime loan delinquencies in the auto loan industry have triggered flashbacks of the financial crisis and Great Recession, and murmurs of concern have been growing louder. But at a joint town hall event put on by JPMorgan Chase (JPM) and Yahoo Finance,

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Is JP Morgan Chase buying a pig in a poke? Or is its purchase of beleaguered investment firm Bear Stearns the steal of the century? We won’t know for a while, but I’d guess in a year or two JP.

 · In Praise of Conforming Mortgage Underwriting Standards. Case in point is the earnings release of JP Morgan Chase. As it relates to the housing market, CEO Jamie Dimon called it “terrible.