Elizabeth Warren called on JPMorgan Chase CEO Jamie Dimon to resign from his post on the Federal Reserve Bank of New York's board, citing the need for "responsibility and accountability" in the financial industry. Dimon, who disclosed a $2 billion loss by the banking giant last week, should "send a signal to the American people that Wall Street bankers get it and to show that they understand the need for responsibility and accountability," Warren said in a statement following Dimon's Sunday appearance on "Meet the Press."During that interview, Dimon said he "absolutely" believed that the enormous loss would give regulators more ammunition against the banks.
Elizabeth Warren: Jamie Dimon Should Resign From New York Fed Board
The Huffington Post News Editors, Huffington Post
Sun, 05/13/2012 - 7:55pm
BING NEWS:
- JPMorgan’s Jamie Dimon says he could step down as CEO in as little as 2.5 years
At its investor day earlier this month, Dimon namechecked senior JPMorgan executives who run major divisions as CEO candidates.
05/29/2024 - 5:49 am | View Link - JPMorgan CEO Jamie Dimon says U.S. could see a ‘hard landing,' stagflation will be ‘worst outcome'
Dimon said the worst outcome for the U.S. economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment.
05/22/2024 - 5:18 pm | View Link - Jamie Dimon might finally be ready to call it quits
The comings and goings of Wall Street executives are common, even at the highest levels. But Dimon and JPMorgan are a different story.
05/21/2024 - 1:45 am | View Link - Jamie Dimon warns inflation and higher interest rates may linger — and people are running out of spare cash
JPMorgan CEO Jamie Dimon flagged threats including sticky inflation, government overspending, foreign conflicts, and dwindling savings.
05/21/2024 - 12:27 am | View Link - More
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