JPMorgan CEO warns inflation and rates may stay higher for longer
JPMorgan Chase & Co. Chief Executive Jamie Dimon warned that inflation and interest rates could remain higher for longer than expected, despite the three largest U.S. banks reporting strong quarterly earnings. “While there has been some progress in reducing inflation, there are still multiple drivers of inflation, including large budget deficits, infrastructure needs, trade restructuring […]
CEO Friend of Joe Biden Says ‘No Way’ He’s Dropping Out
The CEO, who is a friend of President Joe Biden, reportedly said there is “no chance” the president will back down, that he “hates” the party’s elites, and that he would tell them all to “get out.” Senior contributor at Fox Business New York PostOne CEO who knows Joe Biden well said the president will […]
Race to succeed JPMorgan’s legendary CEO Jamie Dimon widens
The battle at JPMorgan to replace CEO Jamie Dimon is heating up, even as the banking giant does a good job of keeping the mayhem from leaking to the press. The legendary financier recently shocked the banking world by saying he would step down sooner than the original five-year deadline, probably in two or three […]
Citigroup has now been fined more than half a billion dollars after CEO Jane Fraser staked her tenure on fixing the bank – Fortune
Two government regulators on Wednesday fined Citigroup Inc. $135.6 million for failing to resolve long-running internal control and risk problems, a blow to the bank’s Chief Executive Officer, Jane Fraser, who has staked her career on making the bank leaner and less complex. The penalties were imposed by the Federal Reserve and the Office of […]
CNN CEO Mark Thompson to lay off 100 employees as he discloses turnaround plans
CNN Chief Executive Mark Thompson decided on Wednesday to cut 100 jobs, his first major layoffs since taking charge of the struggling cable network. Thompson, who has mostly tweaked the morning programming since taking over the reins from Chris Licht in October, has sought to lay out a new vision for the No. 3 network. […]
Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount
Skydance boss David Ellison and scandal-plagued media executive Jeff Shell have hinted at massive cost-cutting measures at Paramount Global as the two companies merge. Ellison, the son of tech mogul Larry Ellison, whose Hollywood production company produced “Top Gun: Maverick” and “Mission: Impossible: Dead Reckoning,” said Monday that he expects Paramount to make more than […]