Wall Street Titan

Jamie Dimon: 'As Strong as the Rock of Gibraltar'

jamie dimon_Tobias Everke
JP Morgan Chase CEO Jamie Dimon in his New York office.
  • Why it matters

    Why it matters

    As the only major bank CEO still in his post since the financial crisis, Jamie Dimon has played a key voice in the revival of Wall Street in recent years.

  • Facts

    Facts

    • Jamie Dimon has led JP Morgan since 2006 and has been part of its top management team since 2004.
    • JP Morgan is expected to earn more than $20 billion this year – more than any other bank.
    • Mr. Dimon, who is from New York, underwent eight months of chemotherapy treatment last year for cancer.
  • Audio

    Audio

  • Pdf

He’s the longest surviving executive on Wall Street. Jamie Dimon has led JPMorgan since 2006, a position he took over after two years as a member of the top management team. Before that he led Bank One, which was taken over by JPMorgan in 2004.

Mr. Dimon hasn’t just survived the 2008 financial crisis, but also the billions of dollars in costs the bank has faced as a consequence of the crisis and other legal scandals.

JP Morgan played a critical role in the financial turmoil. The bank aided the U.S. government’s crisis management by snapping up Bear Stearns and Washington Mutual – a move Mr. Dimon, in this exclusive interview, now labels a “mistake.”

Mr. Dimon was born in New York of a family of immigrants from Greece. He is Jewish, married and has three daughters. In the last year, cancer forced him to undergo eight months of chemotherapy. He says the experience hasn’t changed his management style, but shown him that nobody is “invulnerable.”

“I live more deliberately,” he added.

Politically, Mr. Dimon has long been a supporter of the Democrats. He caused a stir earlier this year by saying he would be willing to pay higher taxes – a comment he repeated in our interview. Compared to many of his Wall Street colleagues, he is never shy with his opinions.

The full interview is below. You can also read a summary.

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.