Ten years ago, after being invited to attend Davos, Shelley Zalis was told she may not fit in due to the "boys club". She took a stand to change the face of Davos.
Dimon's comments Wednesday come as Trump has threatened to impose a 25 percent tariff on products from Mexico and Canada by February 1 and a 10 percent tariff on Chinese imports. Earlier Wednesday, Trump also teased the notion of imposing "taxes, tariffs, and sanctions" on Russia if it doesn't end its war against Ukraine.
President Donald Trump accused leading U.S. banks of debanking conservative clients over their political views, a claim that financial institutions have pushed back on.
On the ground in Davos, DEI has been the subject of conversation both on-the-record and behind closed doors, with discussions including the potential of ditching the commonly used acronym and changing external communication around certain policies.
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The largest US bank set up a "war room" to comb through all of the new policies issued by the new president on his first day in office, according to JPMorgan head of asset and wealth management Mary Callahan Erdoes.
The World Economic Forum (WEF) has served as a platform to address global challenges, yet 83% of its original delegates were men.
Despite fears that the tariffs could spark a global trade war and reignite inflation domestically, Jamie Dimon, CEO of JPMorgan Chase, said they could protect American interests and bring trading partners back to the table for better deals for the country,
JPMorgan Chase CEO Jamie Dimon on Wednesday said the U.S. stock market is overvalued and explained why he’s a little more pessimistic about the global economy than your average Wall Street insider.
In response to external attacks on DEI at big-name financial firms, JPMorgan Chase CEO and Chair Jamie Dimon had a few choice words regarding the activists: “Bring them on.” The comments were made Wednesday on CNBC’s “Squawk Box” program, filmed at the World Economic Forum in Davos, Switzerland.
In today’s CEO Daily: Diane Brady in Davos on promises, threats, and insults from Trump.
JPMorgan Chase & Co. Chief Operating Officer Daniel Pinto said private credit’s financing of small businesses warrants attention, given the booming industry has yet to experience the fallout from an economic deterioration.