JPMorgan Appoints Piepszak CFO; Lake Named CEO/Consumer Lending

Jennifer Piepszak has been named CFO of JPMorgan Chase, succeeding Marianne Lake, who will become chief executive officer of Consumer Lending.

Walter Shipley, Former Chase CEO, Architect of Mega-Mergers, Passes Away

On Friday, Walter V. Shipley, the former chairman and CEO of Chase Manhattan Bank and an influential architect of bank mega-mergers in the 1980s and 90s, passed away. He was 83 years old.

Dimon, Buffet Claim ‘Short-Termism’ Is Hurting the Economy

JPMorgan CEO Jamie Dimon and Berkshire Hathaway chair Warren Buffet contended in a Wall Street Journal article that quarterly earnings reports are promoting a short-term corporate strategy that is hurting the economy.

JPMorgan Chase Elects Hobson to Board of Directors

JPMorgan Chase elected Mellody Hobson to its board of directors. Hobson will also join the boards of the company’s affiliates, including JPMorgan Chase Bank, Chase Bank and JPMorgan Chase Holdings.

JPMorgan Appoints Pinto, Smith as Co-COOs

Daniel Pinto and Gordon Smith were appointed co-presidents and co-chief operating officers of JPMorgan Chase.

JPMorgan Beats Estimates Despite Tax Act Charge

JPMorgan Chase reported Q4/17 earnings of $4.23 billion were down 37% from $6.73 billion a year earlier. The bank noted the decrease included $2.4 billion of estimated net impact of the Tax Cuts and Jobs Act.

JPMorgan Q1 Earnings Increase on Higher Revenue, Lower Provisioning

JPMorgan Chase reported Q1/17 net income of $6.45 billion, up 17% from $5.52 billion a year earlier. The bank noted revenue was up $1.5 billion and provision charges were down 28% helped by oil & gas releases.

SNL: JPM’s Dimon Highest-Paid U.S. Bank CEO in 2014

SNL Financial reported that in fiscal 2014, the highest paid U.S. Bank CEO was JPMorgan’s Jamie Dimon, followed by John Stumpf of Wells Fargo.

JPMorgan’s Dimon Gets $37 million in Crisis-Era Options

Bloomberg reported that JPMorgan Chase will let Jamie Dimon collect about $37 million in stock options created during the financial crisis.

JPMorgan 2013: “Tale of Two Cities”

In his annual shareholder letter, Jamie Dimon, chairman and CEO of JPMorgan Chase notes that the company’s 2013 performance could be characterized as the “Tale of Two Cities.”