8legs: Jamie dimon

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Pbs.org and 13 more

Trump sues JPMorgan Chase for $5 billion, alleging the bank debanked him and his businesses for political reasons after he left office in January 2021.
The lawsuit in Miami-Dade County alleges JPMorgan abruptly closed multiple accounts in February 2021 with 60 days notice and no explanation.
Trump claims JPMorgan put the president and his companies on a reputational blacklist used by banks to deter future account openings.

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Bank of America is considering whether to offer a credit card with interest capped at 10% for a year, a move tied to affordability debates.
Citigroup is also discussing a credit card with a 10% interest rate, signaling a shared industry response to affordability debates.
Bank of America’s Moynihan warned that making a 10% cap a policy could re-allocate credit, slowing spending and access.

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Jamie Dimon says AI rollout may need to slow down to ‘save society’ and prevent civil unrest as workers are retrained over time.
Dimon urges phased adoption, saying local governments may need wage support and retraining for workers likely displaced by AI.
Dimon cites US truck drivers as an example of those who may be affected by autonomous tech with large-scale job shifts.
Jensen Huang of Nvidia argues AI creates rather than destroys jobs, framing it as a large infrastructure buildout.
Huang says AI-related jobs span trades like plumbers and electricians, boosting wages in those sectors.
Huang views AI as an opportunity for Europe to leap ahead in manufacturing and AI infrastructure.
Dimon cautioned against retaliatory immigration policies and called for measured approaches to avoid internal anger.
Dimon emphasized retraining, relocation, and early retirement as tools to help workers transition.
Dimon warned that rapid AI adoption without safeguards could collide with societal stability.
The Davos discussion featured Nvidia CEO Jensen Huang arguing for job-creating AI growth across sectors.
The Guardian covered the Davos 2026 talks where Dimon and Huang presented divergent AI outlooks.

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Dimon told Davos attendees that they hadn’t done a good job making the world a better place, signaling a direct critique of the gathering.
He described himself as a globalist while calling for a stronger NATO and European unity.
Dimon acknowledged mixed views on tariffs, saying some uses could be warranted to spur negotiation.
He emphasized that Europe’s economic strength should be bolstered to prevent fragmentation into a prewar landscape.
Dimon urged Immigration policy to favor merit-based approaches, noting concerns around H-1B visa changes.
He supported addressing trade imbalances but framed it as a broader need for unity with allies.
Dimon’s remarks aligned with a view that economics should serve as glue to keep nations interconnected.
During Davos remarks, Dimon reiterated his call for a stronger NATO and Europe in the face of geopolitical shifts.
Dimon credited dialogue at Davos with setting a foundation for future policy discussions with allies.
He noted that Europe’s strength is crucial to avoiding fragmentation that could shape a new prewar world order.

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Dimon’s 2025 total pay reached $43 million, up 10% from 2024.
Pay includes a base salary of $1.5 million and $41.5 million in incentives.
Bank cites Dimon’s stewardship and solid results as rationale for pay.
The filing followed reports of Dimon staying in his role for years to come.
JPMorgan’s 2025 revenue and fourth-quarter performance were cited in context of the pay decision.
The coverage notes Dimon’s leadership status amid market scrutiny.
The Guardian published the pay details on January 22, 2026.
The article links Dimon’s raise to overall corporate leadership performance.
Market reaction included a slight uptick in JPMorgan shares after the filing.
The report mentions a separate legal action by Donald Trump against JPMorgan and Dimon.

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