With Blankfein exit, Dimon sole survivor of 2008 financial crisis
And then there was one.
Following the Sept. 30 exit of Goldman Sachs’ Lloyd Blankfein, Wall Street will be down to one major bank CEO who was in that position since before the financial crisis: JPMorgan Chase’s Jamie Dimon.
Dimon, 62, has been chief executive since Dec. 31, 2005 — and during that time he has built the bank into the biggest and most profitable in the US.
Dimon helped the bank survive the fallout from the Great Recession, as well as the notorious “London Whale” trading fiasco of 2012.
The Big Apple-born banker, who is known for his outspoken demeanor, is also the last of the megapersonalities.
Blankfein in recent years has taken on a genial, elder statesman-like role after getting branded a villain of the 2008 crisis.
In January, JPM said Dimon plans to stay for another five years atop the bank.
Source: Read Full Article