Page 2 - Mary Erdoes News Today

Jamie Dimon said he will step down as JPMorgan Chase CEO in the next five years, but is fed up of speculation about a move to chairman.

Jamie Dimon hinted at retirement in the next few years. Should JPMorgan Chase investors be concerned?

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday he and the banks board will

Even after years of inflation, geopolitical chaos and recession in Europe, the US economy remains robust and resilient. But many middle class Americans are cutting spending.

The company held talks to buy Chicago-based Monroe Capital this year, but the two firms ultimately decided not to pursue a deal.

After hitting an all-time high of $205 per share last week, JPMorgan Chase's stock price tumbled about 5% on Monday when the news about Dimon broke.

Even after years of inflation, geopolitical chaos and recession in Europe, the US economy remains robust and resilient. But many middle class Americans are cutting spending.

JPMorgan: “This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” Mary Erdoes, who runs the asset- and wealth-management unit, said of her unit’s efforts at the firm’s investor day Monday.

Banking giant JPMorgan Chase is reportedly providing all of its new hires with training in artificial intelligence (AI).