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Jamie Dimon, CEO of JPMorgan Chase, is among the most powerful names in the banking industry. How did he come to acquire banks like First Republic Bank, Bear Stearns and Washington Mutual? WSJ explains how Dimon’s risk management strategy, including his ‘fortress balance sheet,’ propelled him to the top of the largest U.S. bank, and how ...
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The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. Read more: cnb.cx/4oH4tGz | CNBC
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