JPMorgan Chase & Co. (NYSE:JPM) reported weaker-than-expected numbers in its fourth quarter earnings release earlier this week. Although the Wall Street giant’s revenue and adjusted earnings both came below expectations for the three-month period, the bank reported the highest-ever net income of $21.8 billion for the fiscal year 2014 (FY14).
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon would be the best person to lead the U.S. Treasury Department in a financial crisis, billionaire investor Warren Buffett said.
“If we did run into problems in markets, I think he would actually be the best person you could have in the job,” Buffett said in response to a question about Dimon from Charlie Rose, according to the transcript of an interview that was scheduled to air Monday on PBS. “World leaders would have confidence in him.”
By Ellen Brown: When Jamie Dimon, CEO of JPMorgan Chase Bank (JPM), appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. "Was Dimon trying to send any particular message by wearing the presidential cufflinks?" asked CNBC editor John Carney. "Was he... subtly hinting that he's really the guy in charge?"