• Jamie Dimon predicts an economic boom that ‘could easily run into 2023.'

    5 days ago - By NY Times

    In his annual letter to shareholders, the chief executive of JPMorgan Chase weighed in on the nation's economy, climate change and tax loopholes.
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  • JPMorgan CEO blasts tax breaks for race cars and private jets - and says the write-offs need to stop

    5 days ago - By Business Insider

    JPMorgan CEO Jamie Dimon said the US should get rid of tax breaks for horse racing, race cars, and golf courses.
    Mike Blake/Reuters
    JPMorgan CEO Jamie Dimon blasted tax breaks in his annual shareholder letter on Wednesday.
    Dimon proposed major tax reforms to promote growth and address income inequality.
    The comments come as President Biden proposes a corporate tax rate increase.
    See more stories on Insider's business page .
    The chief executive of Wall Street's biggest bank thinks the US tax code could use a major overhaul. In his annual letter to shareholders published Wednesday, JPMorgan...
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  • Jamie Dimon annual letter: How remote work will change JPMorgan Chase, for better or worse

    5 days ago - By CNBC

    JPMorgan Chase CEO Jamie Dimon says the Wall Street bank will be changed by work from home post-pandemic, but he worries about undermining company culture.
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  • JPMorgan CEO Jamie Dimon says bureaucracy is 'crippling' the US and hindering progress

    JPMorgan CEO Jamie Dimon says bureaucracy is 'crippling' the US and hindering progress

    5 days ago - By Business Insider

    Summary List Placement Bureaucratic red tape is hindering small businesses in the US with excessive paperwork and requirements, JPMorgan Chief Executive Officer Jamie Dimon said in his annual shareholder letter .
    "We have a litigation and regulatory system that is costly, crippling small businesses with red tape and bureaucracy," the CEO wrote .
    American capitalism is "bogged down in a maze" of red tape, he said. The US litigation system costs 1.6% of gross domestic product, which is a percent more than the average country in the Organization for Economic Co-operation and Development, he...
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  • JPMorgan CEO Jamie Dimon says the bank will only need office capacity for 60% of employees post-pandemic

    5 days ago - By Business Insider

    JPMorgan Chase CEO Jamie Dimon.
    Photo by SAUL LOEB/AFP via Getty Images
    JPMorgan CEO Jamie Dimon isn't planning a full office when his company ends remote work.
    "For every 100 employees, we may need seats for only 60 on average," he said in a letter to investors.
    As a result, Dimon said, "This will significantly reduce our need for real estate."
    Visit the Business section of Insider for more stories .
    When JPMorgan Chase employees return to the office, it's likely to look a lot more empty than it did before the pandemic. That's because America's largest bank is making drastic changes to...
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  • JPMorgan CEO Jamie Dimon says remote work can undermine the 'character' of a company and lays out the bank's plans for the future of the office

    JPMorgan CEO Jamie Dimon says remote work can undermine the 'character' of a company and lays out the bank's plans for the future of the office

    5 days ago - By Business Insider

    Summary List Placement Wall Street's biggest bank is itching to return to the many benefits of in-person work, but its influential CEO said he's also planning for some increased flexibility in the office.
    JPMorgan CEO Jamie Dimon said that Zoom slows down decision-making by hindering immediate follow-ups and that virtual work eliminates spontaneity. It also disproportionately affects new employees who don't know one another and young bankers, who traditionally learn in an apprenticeship model.
    "Over time, this drawback could dramatically undermine the character and culture you want to...
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  • JPMorgan CEO Jamie Dimon says the US economic boom could 'easily run into 2023'

    JPMorgan CEO Jamie Dimon says the US economic boom could 'easily run into 2023'

    5 days ago - By Business Insider

    Summary List Placement JPMorgan CEO Jamie Dimon said in his latest annual letter to shareholders that the US economic boom could "easily run into 2023."
    "I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom," Dimon said.
    Dimon argued that the US economy entered the COVID-19 recession in stronger shape than before the Great Recession, and that banks were part of the solution, rather than the cause, this time...
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  • JPMorgan CEO Jamie Dimon says the US economic boom could 'easily run into 2023'

    5 days ago - By Business Insider

    KENA BETANCUR/AFP via Getty Images
    JPMorgan CEO Jamie Dimon said in his annual letter to shareholders that the US economic boom "could easily run into 2023."
    Dimon cited excess savings, new stimulus savings, deficit spending, and vaccine progress, among other economic drivers.
    He is especially bullish on the combination of fiscal and monetary stimulus being deployed in the US.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    JPMorgan CEO Jamie Dimon said in his latest annual letter to shareholders that the US economic boom could "easily run into 2023." "I have...
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