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
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.
Dimon was benchmarked not only on the performance of the Wall Street giant, but the board's options for his successor.
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.
Sam Brownback, the former U S ambassador-at-large for international religious freedom, welcomed President Donald Trump publicly rebuking the CEOs of Bank of America and JPMorgan Chase for allegedly
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.
President Donald Trump criticized Bank of America and JP Morgan Chase on Thursday, accusing them of discriminating against Conservatives.
Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder.
The president revived Republican criticisms over purportedly politically motivated “debanking,” or closing of customer bank accounts.
Jamie Dimon remains steadfast in JPMorgan's DEI efforts, despite facing challenges from conservative activist investors and Trump's recent crackdown on DEI initiatives.