How Jamie Dimon Built Chase Into the U.S.’s Most Powerful Bank | WSJ 

That guy talking about Jamie was Glazing so hard 😂😂😂

To introduce a his key concept of a "fortress balance sheet" and only explain it with the animation of a castle is not worthy of the Wall Street Journal. Those of us who used to read the paper version of the WSJ would love to see you put up a copy of their balance sheet from their annual report and highlight each item that is evidence of the fortress. We're not afraid of numbers or ratio analysis.

I was w/ BankOne in the early 2000s when JD came in to be CEO, w/ Charlie S as CFO, Austin A as CIO and a slew of other key lieutenants - shortly there after Chase and BankOne merged and the BankOne crew pretty much took over the combined institution… I spent 15 yrs working there, across multiple LOBs and around the globe… I recall working on a huge tech-op conversion in the payments area, as part of the B1-Chase integration effort - it was conversion weekend - Friday wherein we were operating a global systems upgrade that started at midnight GMT in London - it was 5am in Chicago, where our global command center was located in a huge 3rd lower-level basement conference room site wherein each line of business had its own “war room” attached to the main command center. I was the overall PGM for the Global Tech & Ops org… it was 5am CST…. These series of rooms off of the main hallway, have controlled access - I happened to be walking by one such door, on my way to a global check point call when I notice a person looking through the doorway and knocking - I look out and am certainly surprised to see JD, in a suit albeit w/ collar open and tie loosened - I open the door to allow entry and he shakes my hand, saying “I heard you folks are doing good things down here and I wanted to stop by to learn more - he proceeded to spend 90 minutes w/ us, both in our checkpoint call w/ the global team, as well w/ our small war-room team, asking questions about Ops sites, Tech environments, how the payment “supply chain”, including the Fed Resv, payment clearing houses, international payments clearing, etc work. I’ve worked for a few other super-huge global firms but have never had more respect for an executive that had sufficient curiosity about the businesses that he led, to actually (and w/out an entourage of underlings) invest his own time to learn and participate….

What a fluff piece! Maybe describe exactly how they have a fortress balance sheet rather than that juvenile animation.

It's been years since I left JPMC and yet Jamie Dimon is still an inspiration.

“I don’t know what that word means anymore” genius level answer sincerely.

Jamie is a gifted communicator who manages to communicate something complex so that the messages are easier to understand. He is an asset to the United States.

Investors cannot predict the future in negative markets since they always bring in a new set of enterprises to purchase and watch while laying the groundwork for a new successful ascent. Which stocks are the best to add to a watch list or buy right now? I've seen news stories of folks making up to $250k during the recession.

The guy loves him so much

At the very least, I now grasp the concept of leverage. Creating

What matters most is “it’s beneficial to him & to the government”… plain & simple…enough said

There are many conflicting opinions about stocks and their prospects in the coming years; I aim for short-term solid gains from market corrections, and I would definitely hop on the ride if I knew a couple of things about day-trading, That is not on my speed right now i guess.. I'm just looking to make the right moves to help me grow and protect my $670,000 reserve from inflation that looks so scary.

I would like to hear Jamie Dimon, in detail, explain what scared him away from sub-prime mortgages, and why he thinks everyone else, except The Borg (Goldman), missed those cues.

I happened to work for Chase in upper management capacity and I can summarize how Jamie Dimon built Chase into the most powerful bank in America with one word, RUTHLESSNESS. I recall reading an article in Ohio newspaper in early 2000 that Chase committed to Ohio Governor to create 2500 jobs in the following year in lieu of millions in tax breaks. I was shocked that Chase started laying off employees right away in order to hire 2500. Unfortunately, none of Ohio politicians cared nor held Jamie Dimon accountable by playing politics in order to save millions on their income taxes. This is just a snapshot on how Jamie Dimon made Billions for himself by DESTROYING many lives without any conscious.

Jamie definitely runs a tight ship. He is rich enough to never have to work but continues to work. I think hes the only person in history to become a billionaire by working at a company as an employee

I respect Dimon alot. I was with Bank One in the early 90s. Later in the early 2000s I joined Chase Bank. He is intelligent business man.

nice video, on a side note a shout out to your editor/animator, they did a really good job

Imagine what Citi would be if Dimon became CEO

That young dude sounds like he is in love with Jamie Dimon

No one can fill the shoes. What he did was figure out how to restore a big bank’s reputation after the crash of ‘08 and use his own role to push for social and economic criticisms in America. Probably the only corporate banker worthy of respect.

Jamie is a successful CEO, during all the turbulence the bank didn’t collapse.

I don’t directly invest in JPM stocks but I do like to focus on ETFs that have stock into it since I can own a small piece of it. Dimon is like the godfather of the banking industry and eventually I’d like to buy some stock in it cause I feel like under his leadership he’s built JPM to be a giant in the industry and under his tutelage I’m sure even when he’s retired whenever that happens there’s plenty of execs that can take his place

this reporter seems in love with Jamie Dimon... LOL 6:15

I always love WSJ videos. As an Econ major, I can’t wait for new uploads lol.

Executive compensation is too high for an industry that basically sits and holds (certainly in proportion to doing actual work). That is the main sickness in banking.

6:01 he’s so real for that

When I was asked about how I felt about this video, my response was: "I don't know I'd have to think about that."

I have been a customer since 1966. The bank has always treated me fairly.

Thank You

That reporter of yours is like a Taylor Swift fan - just for Jamie Dimon. The fortress principle could use a more thorough explanation, though. That one was lax.

I don't usually listen to people talk , he's an individual where you know he's trying to be real while letting you know he's human. I actuality enjoy listening

Thanks boii, going to make some money now.

Aligns perfectly with the namesake

Jamie is going down as a great man and a great businessman.

Wow inspiring 👏 ✨️

Taking notes

That first full graphic was funny, I literally couldn't tell these guys apart

Let’s not forget that JP Morgan was handed a check of $9 Billion dollars by Mitsubishi back in the 2008 financial crisis. If it wasn’t for Japan’s Mitsubishi buying a stake, JP Morgan would’ve suffered the same fate of Merrill Lynch and be acquired by another bank.

What Jamie is doing is common sense. Nothing special. But he has the guts to do it while others are reckless and greedy

Jamie is a very generous ceo and that makes the company too. You are well compensated❤

What we actually want to hear from the Wall Street Journal is what exactly Jamie and the Federal reserve talk about, and how every bank in the world had MBS but Jamie avoided it, and Jamie somehow grew bigger by buying up banks the federal reserve crashed in 07,08, and now 2023. Jamie knows failing banks is good for business, so does he talk to the Fed about that? The federal reserve at this point in time is keeping interest rates high... did Jamie Dimon tell the federal reserve to keep rates high in order to crash more banks?

That's a Jamie fan right there

This is the first time I've heard a good banker actually exist

I was fortunate enough to meet him when I first started at Primerica when art Williams sold Primerica to Sandy Weill when travelers merged with Citi to become Citigroup. Right before sandy fired him which turned out to be the best thing that ever happened to him ironically

Top indicator

love him! a great leader.. so inspiring

The magnetic field in HSX is generated by a set of 48 twisted coils arranged in four field periods

Rich keep on getting richer!!!!!!!!!!!!

Nice

The sauce of Jimmie Dimon is that he inspires his employees and others, which is leadership, it shows with JPMC Numbers, culture, and his management. Thank You, Jimmie, for inspiring me, I never meet you and I never worked at JPMC. Just a big fan of yours. WSJ Thank YOU for making this video

Someone is seriously in love with Dimon. Get a room, please!

NICE

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

I closed my account with Chase bank for one simple reason...for over a year i kept telling them not to send mail to my house. (I was sharing a mail box with apartment building neighbors) Not only did they refuse to not send mail...They continued to send mail after i closed my account...When i went to the main office and brought all the mail in showing the manager all the mail...her response was..."This isn't mail. This is how you can save with our new "freedom card". I finally got rid of there junk mail by moving and not sending any forward address. The bureaucracy to do one simple little thing was AMAZING!

Its truly inspirational to hear about JD’s leadership.

So safe, they pay almost nothing for CD’s and savings. In some parts of the country, they require a 500+ minimum deposit to avoid a “convenience” fee.

Chase sold and capital one and eventually credit one bank and wells fargo branch only so applicable as i had a son/Alyster, so applicable.

So have a contingency and a management reserve in multiple points of your organization.

Great bank and nice bank to work

good.

I'm seeing him as the next FED Chairman.

The content is great, but your editors REALLY need to up their game. Random RU-vid channels with 10k subs have better editors than the WSJ. The audio is everywhere. I listen on speakers and I could not hear half of the people and the other half were WAY TOO LOUD.

Just love the man ❤

I got a credit union im good .

I wish one day I could work for his firm

Too big to fail. Thats the dream isnt it?

When JPMC purchased FRB, they now have 16% of the market breaking section 622 of the Dodd-Frank act. FDIC/the Fed/US Treasury facilitated a deal that broke the law. And no one is talking about it.

the male commentator you selected to be in jimmy’s fan club

They became the biggest because JPM was one of the only big banks that were scratching their heads at how people were being able to "offload" risk on the MBS' and CDO's, only to realize during 2008, that people weren't. The banks just took em because "oooooh, shiny mOnEy". So they came out of the 2008 recession relatively healthy compared to the others.

Fortress Balance Sheet ✔️

Dimond blackwight combination coverage planing

Bless for CEO Jamie Dimon

Mr Dimon built a strong and fantastic business model, He also is a good seller. They mentioned the amount of deposit at J.P Morgan, but if you consider shareholder returns in the past 10 years, it's an even bigger proof that he's done a goob job managing the bank.

Dimon by name, Demon by nature?

Banks take in massive amounts of consumer deposits, often paying extremely little interest, and then originate loans with that money that capture a high interest rate. Banking with these kind of corporations isn’t financially savvy IMO. I suggest everyone reading this start a Discover Online savings account. They offer nearly 4% APY so at least you’re getting something out of the arrangement and not giving all the potential interest income to the greedy banks paying next to nothing.

"I'm not going to play golf" , deep words.

Chase really does have the best products in the industry by far

Doesn’t he seem…*TOO* good?

How about, to protect deposits, just keep the deposits imstead of buying additonal assets with debt.

JPMorgan Chase Vision (outline) Principle: Simplicity Principle: Unchanging Aim - most respected financial services firm in the world Serve: Corporations Serve: Individuals Company Imperative: healthy Company Imperative: vibrant Company Imperative: responsible Model: Traditional Banking + (plus) Communities Operations Foundations Opportunity (for all) Prosperity (for all) Mistakes (acknowledgment along the way) Pride (daily good things) Make a mistake (own up) Make a mistake (learn from it) Make a mistake (move on)

Jamie Diamond 💎

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market?

Jamie Morgan Chase. Game recognize game, playa.

After some year I will become like Jaime Dimon🎉🎉. I truly admire him 🎉🎉🎉.

what a legend

The fortress strategy end game was always become too big too fail.

At Morgan Stanley as well

Great job 👏 Jamie one of the best ceo thank you . I’m a Proud shareholder

Thank goodness for Jamie, every other bank ceo seems sleezy, he says what he thinks, that’s more than a lot of people

2:19 keeping the JPM legacy alive.

*Max* *Keiser* *has* *left* *the* *chat*

Meanwhile, BofA's Moynihan's being the 10 feet giant hiding in the shadow of Diamon's 12 feet fortress.

case study byd & effect of efficient global capital portfolio management in a detente world.

Jamie Dimon is an outstanding citizen 👏

But what about the four pillars of the fortress?

This guy sounds great

Is that reporter in love with Jamie Dimon?

Running a bank succesffully is good habit anyway.

He’s a beast

Warrent buffet :"American economy is safe cause jamie dimon runs chase"