The fast-growing kingdom of Jamie Dimon
The question now is whether JPMorgan is too big for its own good
Add BT as a preferred source
HIS EARS are smaller. And there is no crown. But on Wall Street, at least, Jamie Dimon is America’s answer to King Charles III — adulated by some, resented by others, but incontrovertibly powerful.
Days before the British monarch’s coronation, Dimon cemented his royal status in finance with another landmark deal for JPMorgan Chase, the bank he has led since 2005.
With the state-orchestrated takeover of the failing First Republic, JPMorgan has swelled to three times its size before the 2008 financial crisis, and now commands an asset base of nearly US$4 trillion.
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
