The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.
CEO Jamie Dimon agrees that "debanking" happens. He disagrees with some critics about the reasons why. The claim that big banks have closed accounts held by certain political or business customers gained new visibility this week when President Donald Trump confronted Bank of America (BAC) CEO Brian Moynihan at the World
Dimon was benchmarked not only on the performance of the Wall Street giant, but the board's options for his successor.
The president revived Republican criticisms over purportedly politically motivated “debanking,” or closing of customer bank accounts.
Jamie Dimon was awarded an 8.3% pay raise following a year of record profitability at JPMorgan and amid questions about who might succeed him as CEO.
President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs.
Jamie Dimon remains steadfast in JPMorgan's DEI efforts, despite facing challenges from conservative activist investors and Trump's recent crackdown on DEI initiatives.
President Donald Trump criticized Bank of America and JP Morgan Chase on Thursday, accusing them of discriminating against Conservatives.
While answering questions to the World Economic Forum in Davos, President Trump accused Bank of America and other banks of discriminating against conservatives. While answering a question from BofA CEO Brian Moynihan he made the accusation.
U.S. President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, echoing Republican complaints about the industry. The broadside against Wall Street banks comes after some institutions have been accused by both congressional Republicans and Republican-led states of "woke capitalism" as well as de-banking gunmakers,
President Donald Trump called out Bank of America CEO Brian Moynihan at the World Economic Forum, saying some conservatives complain the bank will not take their business.