JPMorgan's Dimon faces calls to hand over chairmanship

Financial Post Tuesday 15th May, 2012

Jamie Dimon faces growing calls to give up the chairmanship of JPMorgan Chase & Co when shareholders of the bank convene on Tuesday, days after it revealed losses of billions of dollars in trades that were supposed to protect it from risk. The meeting, at the bank’s back-office complex in Tampa, Florida, will give investors their first crack at Dimon, also JPMorgan’s chief executive, since he revealed a soured hedging strategy ha...


Read the full story at Financial Post

Comments


Comments

  • No comments yet for this story

  • Have your say

    • By submitting your comment you agree to our terms and conditions   

    More Toronto News

    RSS
    • Contents of purse stolen from woman who died in Toronto subway

      CBC News - Wednesday 22nd May, 2013

      (Toronto Police Service) Toronto police are searching for a suspect accused of stealing the purse of a woman who jumped to her death in a subway station Wednesday morning. Police say the woman left her purse on the subway platform before jumping in front of a train at College station. She was taken to hospital where she was pronounced dead. Police say they have not been able to identify her ...

    • 2 communities north of Toronto eye casino possibilities

      CBC News - Wednesday 22nd May, 2013

      Two communities north of Toronto may have an opportunity to host a casino, but neither appears to be a sure bet for the province. In Vaughan, Ont., councillors are set to have a casino debate next Tuesday and as was the case in Toronto, there are parts of the community that are adamantly opposed to developing a gaming facility. Mario Racco, a former MPP, says that bringing in a casino would be ...

    • Union says Porter using lawsuit to stifle workers

      CBC News - Wednesday 22nd May, 2013

      Porter Airlines is using a lawsuit to stop the union representing 22 striking workers from protesting the way the airline treats its employees, the Canadian Office and Professional Employees union contends. In a statement of defence filed in Ontario Superior court, COPE said Wednesday that a lawsuit filed by Porter over comments made on Twitter is an abuse of process designed to silence and ...

    • Hitting coach breaks down Blue Jays approach

      Toronto Blue Jays - Wednesday 22nd May, 2013

      Email TORONTO -- The Blue Jays admit they've had trouble against some of the league's better pitchers. It's something that happens to most teams -- that's what makes those pitchers good -- but it's also something that the club knows it needs to get better at. "What happens is, at times, we don't get one or two guys to slow the game down and make that pitcher ...

    • Toronto could turn to prospect for Friday start

      Toronto Blue Jays - Wednesday 22nd May, 2013

      Email TORONTO -- The Blue Jays still haven't made their decision on who their starting pitcher will be on Friday, but it may be a fresh face. The club has yet to commit to anything, but both Sean Nolin -- ranked by MLB.com as ...

    • Blue Jays give Gose first start of season

      Toronto Blue Jays - Wednesday 22nd May, 2013

      Email TORONTO -- Anthony Gose made his first start of the season for the Blue Jays in Wednesday's series finale against the Rays. It's only been two days since Gose was called up, but manager John Gibbons decided to get him in there in left field behind starter Mark Buehrle, who has a penchant for giving up his fair share of flyballs. The 22-year-old Gose is known for his speed and ...

    • Updating surrogacy laws throughout Canada

      Find Law - Wednesday 22nd May, 2013

      child custody laws in the province state that the woman who births the child is the recorded and biological mom and that her husband is identified as the dad. The couple decided to tell their story in order to bring national attention to the issue. They looked to laws in British Columbia that allow couples who use the services of a surrogate to claim the babies as their own while they are still ...

    • Michigan senators seek answers on Ontario nuclear storage project

      The Detroit News - Wednesday 22nd May, 2013

      Michigan senators approved a resolution Wednesday calling on Ontario power officials to answer questions before proceeding with a controversial nuclear waste storage project. For the past decade, Ontario Power Generation has been carrying out plans for a deep geologic repository - a massive underground storage vault for low- to medium-level nuclear waste - in the municipality of Kincardine. ...

    • Toronto Financial Services Alliance Welcomes Results of Ontarios Open for Business Initiative

      CNW Group - Wednesday 22nd May, 2013

      Toronto Financial Services Alliance, as the report on the dialogue with the financial services sector under the government's Business Sector Strategy was made public today. Tasked with finding quick solutions to five priority issues identified by the sector, the Ontario government has acted on three already and committed to seek ways to address two other complex ...

    • Retail Council of Canada supports the announcement of CFIAs Safe Food for Canadians Action Plan

      CNW Group - Wednesday 22nd May, 2013

      May 17th announcement which unveiled the Safe Food for Canadians Action Plan. "Food safety is the number one priority for RCC's grocery members and they expend considerable effort and resources ensuring that the products they sell to their customers are safe," ...

    • Making Ontario and Quebec Stronger Together Why national energy projects that supply eastern Canadian refineries with western Canadian oil are critical for Ontario and Quebec’s economic future

      CNW Group - Wednesday 22nd May, 2013

      May 22, 2013 /CNW/ - Ladies and gentlemen . . . hello. Allow me to begin by presenting the Fdration des chambres de commerce du Qubec (FCCQ), an organization that many of you are probably not familiar with. The FCCQ is both a federation of chambers of commerce AND a province-wide board of trade. With a network of 150 chambers of commerce and 1,200 companies, we represent more than ...

    • New youth environmental leadership program comes to Ontario

      CNW Group - Wednesday 22nd May, 2013

      May 22, 2013 /CNW/ - Wildlands League, a chapter of the Canadian Parks and Wilderness Society (CPAWS), is pleased to announce the Ontario launch of Get Outside, a highly successful youth leadership program started in British Columbia for youth ages 14-18. "Get Outside Ontario is a collaborative project that brings youth into nature," ...

    • Toronto Mayor Rob Ford dropped as football coach as brother defends him

      Edmonton Journal - Wednesday 22nd May, 2013

      Toronto Mayor Rob Ford arrives at City Hall in Toronto amid allegations of crack cocaine use on Friday May 17, 2013. Coun. Doug Ford, says the media should stop harassing his ...

    • Blood donation ban lifted for some men who have sex with men

      CBC News - Wednesday 22nd May, 2013

      Health Canada will allow men to donate blood if they haven't had sex with a man in the last five years, a change in policy that will go into effect in the coming weeks. "If a man has not had sex with another man within the last five years and meets all the other eligibility criteria to be a blood donor, he will be able to donate blood," Dana Devine, who is vice-president of ...

    • CANADA STOCKS-TSX edges up as Fed talk buoys golds drags banks

      Reuters - Wednesday 22nd May, 2013

      * TSX rises 10.07 points, or 0.08 percent, at 12,752.50 * Seven of 10 main sectors decline * Gold shares add more than 2 percent By John Tilak TORONTO, May 22 (Reuters) - Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the U.S. Federal Reserve will keep its easy money policy in place for now was tempered by fears of a ...

    • An irreverence for classics plays well in Berlin. Why not in Canada

      The Globe and Mail - Wednesday 22nd May, 2013

      Thomas Ostermeier, artistic director of Berlin's famed Schaubuhne theatre company, has made a name for himself internationally over the past decade with his productions of Henrik Ibsen's plays.But what does the German director really think of the 19th-century Norwegian playwright who penned such classics ...

    • Brother defends Toronto mayor against crack-smoking allegations

      Reuters - Wednesday 22nd May, 2013

      By Julie Gordon TORONTO | Wed May 22, 2013 4:36pm EDT TORONTO May 22 (Reuters) - Toronto's scandal-hit mayor, Rob Ford, stayed away from city hall on Wednesday but his older brother, a fellow city politician, issued a fierce defense of Ford, who was allegedly caught on a cellphone video smoking crack cocaine. "Rob is telling me these stories are untrue, that these accusations ...

    • Health Canada policy change is no change.

      CNW Group - Wednesday 22nd May, 2013

      May 22, 2013 /CNW/ - Announced this morning, Health Canada's changes to its blood screening policy, reducing the deferral period for men who have sex with men (MSM) from indefinite to five years, will have little impact on the majority of people discriminated against by the policy. "This change fails to end the discrimination against queer and trans men inherent in this ...

    • Dog dog goose Border collies shoo Canada geese away from Central Experimental Farm

      Ottawa Citizen - Wednesday 22nd May, 2013

      Border Control Bird Dogs are home-raised pure bred Border Collies. The dogs have an instinct to herd, not retrieve. Using their eye and hazing skills the geese perceive them as a predator and are encouraged to move away from the Central Experimental ...

    • Rob Ford fired as Don Bosco Eagles head coach

      CBC News - Wednesday 22nd May, 2013

      The Toronto Catholic District School Board said Wednesday it is dumping Mayor Rob Ford from his position as head coach of the Don Bosco Eagles senior football team. The TCDSB did not give a clear reason for its decision in a statement released on its website other than to say it is "pursuing a different direction" and thanked Ford for his commitment to the team. However a spokesman ...

    • Canadas Ryan Gosling misses his Cannes film premiere – which got booed

      The Globe and Mail - Wednesday 22nd May, 2013

      Only God Forgives: Ryan Gosling plays Julian, a drug-smuggler thriving in Bangkok's criminal underworld who sees his life get even more complicated when his mother compels him to find and kill whoever is responsible for his brother's recent death. ...

    • Toronto mayors brother delivers defense of Ford

      San Diego Union-Tribune - Wednesday 22nd May, 2013

      Toronto Mayor Rob Ford enters a council meeting about casino proposals at Toronto City Hall on Tuesday, May 21, 2013. Deputy Mayor Doug Holyday, a close ally of Ford, said Wednesday, May 22, 2013 that Ford has followed legal advice in remaining silent about a purported video that appears to show him smoking crack cocaine. Holyday is urging Ford to address the video. (AP Photo/The Canadian Press, ...

    More Toronto News

    News from around our Network