You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Fox Business Exclusive: Jamie Dimon Talks Politics, Regulation and His Legacy at JPMorgan

Written By Fox Business Network's Charlie Gasparino

After Jamie Dimon was ousted at Citigroup (C: 29.90, +0.05, +0.17%) back in 1998, people treated him like a “leper”, he tells the Fox Business Network in a wide ranging, exclusive interview.

But it wasn’t long before the man who fired him, former CEO Sandy Weill, was calling Dimon on the telephone to complain about how he was poaching former Citigroup executives as he slowly but surely built what is now the nation’s largest and most profitable banks, JPMorgan Chase (JPM: 37.66, 0.00, 0.00%).

Citigroup would become one of the world’s most troubled banks follow Dimon’s departure, mired in scandal and heavy risk taking that forced the federal government to infuse hundreds of billions of dollar in direct and indirect aid to prevent the bank’s collapse during the 2008 financial crisis.

Dimon, meanwhile, would steer JPMorgan clear of much of the risk taking that doomed his old firm and other large banks, and emerge as the most successful banker of his generation.

Today, he discusses with the FOX Business Network the state of the banking industry, the impact of new global banking regulations on the financial industry and the economy, his disagreement with the Obama Administration and how taking up boxing when he was out of work helped him re-tool his career.

Dimon, 55, also discusses life after JPMorgan, and how long he plans to stay with the firm.

Here’s a hint: If he has his way, he isn’t going anywhere anytime soon.

Click here for video highlights of the interview.

Posted in: 
Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News


Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Greta Is Wired! is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" reveals who we are as a nation – driven, passionate and uniquely American. Watch the latest installment, an up-close look at the beloved Oscar Mayer Wienermobile!