The Business On... Jamie Dimon, Chief executive, JP Morgan Chase


Not another Wall Street fat cat?

Yes and no. Mr Dimon is certainly not underpaid – his bonus is thought to have been $17m last year – but he is the acceptable face of American banking.



Is there such a thing?

Well, all things are relative. Still, Mr Dimon's JP Morgan had a good war during the credit crisis, repaid its bailout money ahead of schedule and now appears to be in rude health, posting much larger profits than expected yesterday.



Is that success down to Mr Dimon?

President Obama, of whom Mr Dimon has been supportive, is certainly a fan, singling him out as one banker who deserves praise for his handling of the financial crisis.



He sounds a decent guy

He can also be abrasive. Ever since telling his dad, age nine, that he wanted to be very rich, Mr Dimon's ambition has been obvious. He made his name working for Sandy Weill, the man who built the Citigroup empire, but his mentor eventually fired him. In more recent times, Mr Dimon has worked hard to shed the "mad dog" nickname that had stuck with him since high school.



Has he paid his dues yet?

Mr Dimon certainly thinks so. Despite his friendships in Washington, the banker has become an increasingly vocal critic of regulatory reform. He insists many banks have been demonised and reacted furiously to plans for a new tax on banks' assets.



He's not quite so acceptable after all then?

Be fair. Mr Dimon is entitled to defend the interests of his bank and its shareholders. He insists he simply wants to ensure that regulatory reforms, which are bound to endure, are got right from the start.



Maybe he should run for office?

Funny you should say that. Some people did expect President Obama to name Mr Dimon as his Treasury Secretary (the job eventually went to Timothy Geithner). Maybe he's still feeling a little sore about missing out on the post.

Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs People

Geography Teacher

£24000 - £33600 per annum + pre 12 week AWR : Randstad Education Manchester Se...

E150/2014 - English Language Checker (Grade B3)

On Application: Council of Europe: The European Court of Human Rights’s judgme...

Marketing Executive

£28000 - £32000 per annum: Charter Selection: A professional services company ...

Project Manager - Bristol South West

£400 - £450 per day: Orgtel: Project Manager (PM), Key Banking Client, Retail ...

Day In a Page

Iraq crisis: How Saudi Arabia helped Isis take over the north of the country

How Saudi Arabia helped Isis take over northern Iraq

A speech by an ex-MI6 boss hints at a plan going back over a decade. In some areas, being Shia is akin to being a Jew in Nazi Germany, says Patrick Cockburn
The evolution of Andy Serkis: First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes

The evolution of Andy Serkis

First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes
You thought 'Benefits Street' was controversial: Follow-up documentary 'Immigrant Street' has got locals worried

You thought 'Benefits Street' was controversial...

Follow-up documentary 'Immigrant Street' has got locals worried
Refugee children from Central America let down by Washington's high ideals

Refugee children let down by Washington's high ideals

Democrats and Republicans refuse to set aside their differences to cope with the influx of desperate Central Americas, says Rupert Cornwell
Children's books are too white, says Laureate

Children's books are too white, says Laureate

Malorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Blackest is the new black: Scientists have developed a material so dark that you can't see it...

Blackest is the new black

Scientists have developed a material so dark that you can't see it...
Matthew Barzun: America's diplomatic dude

Matthew Barzun: America's diplomatic dude

The US Ambassador to London holds 'jeans and beer' gigs at his official residence – it's all part of the job, he tells Chris Green
Meet the Quantified Selfers: From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor

Meet the 'Quantified Selfers'

From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
Madani Younis: Five-star reviews are just the opening act for British theatre's first non-white artistic director

Five-star reviews are just the opening act for British theatre's first non-white artistic director

Madani Younis wants the neighbourhood to follow his work as closely as his audiences do
Mrs Brown and her boys: are they having a laugh?

Mrs Brown and her boys: are they having a laugh?

When it comes to national stereotyping, the Irish – among others – know it can pay to play up to outsiders' expectations, says DJ Taylor
Gavin Maxwell's bitter legacy: Was the otter man the wildlife champion he appeared to be?

Otter man Gavin Maxwell's bitter legacy

The aristocrat's eccentric devotion to his pets inspired a generation. But our greatest living nature writer believes his legacy has been quite toxic
Joanna Rowsell: The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia

Joanna Rowsell: 'I wear my wig to look normal'

The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia
Bill Granger recipes: Our chef gives raw ingredients a lift with his quick marinades

Bill Granger's quick and delicious marinades

Our chef's marinades are great for weekend barbecuing, but are also a delicious way of injecting flavour into, and breaking the monotony of, weekday meals
Germany vs Argentina World Cup 2014 preview: Why Brazilians don't love their neighbours Argentina any more

Anyone but Argentina – why Brazilians don’t love their neighbours any more

The hosts will be supporting Germany in today's World Cup final, reports Alex Bellos
The Open 2014: Time again to ask that major question - can Lee Westwood win at last?

The Open 2014

Time again to ask that major question - can Lee Westwood win at last?