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JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday.Shareholders will vote later this month at an annual meeting in Tampa, Florida, on a non-binding proposal to separate the chairman and chief executive roles after a more than $6 billion trading loss last year raised questions about risk oversight.At first, Dimon said he would not comment publicly on what he would do if the vote went against him, but when pressed he added that the worst-case scenario would be to leave the bank, the newspaper said, citing sources that attended a private meeting at the company's New York headquarters.Results of the vote will be announced on May 21, but it remains unclear what the board will do if the proposal passes.Among the investors who attended Monday's meeting, the Journal said, were top 10 shareholders Fidelity Investments and MFS Inves...
Tim Geithner has long planned to step down from his role as Treasury Secretary during President Obama's second term. What is one of the most powerful men in finance ...
The start of a new year provides a fresh chance to get your finances in order, create a budget and increase your savings. "A lot of people are thinking about the nat...
Several banking and insurance executives on Thursday took aim at bank-capital standards being developed by U.S. regulators, amid bipartisan criticism about how the p...
That FICA Guy Won't be Your BuddyIn the first season of "Friends," Rachel Green looks at her first paycheck as a waitress and asks, "Who's this FICA guy, and why is ...
Hold on before tapping your savings to pay fall tuition bills. Families planning to use money in a 529 college savings plan have tax and financial aid issues to cons...
Just as there are different life insurance plans to meet your needs, there are different ways to save money on life insurance .Most importantly, shop around for life...
TIAA-CREF Active Equity Research Director Melissa Otto on the outlook for the yen and Japanese stocks.
When you send in your next insurance payment, are you going to buy any "satisfaction"Insure.com's new in-depth analysis provides the most complete view available of ...
Imagine competitors actually working together, creating something in hopes of bolstering the industry as a whole. A partnership between six major hotel companies is ...
Disappointing returns and market volatility have soured many investors on their variable annuities, especially if they need access to cash.But getting out isn't easy...
Not all target date funds are created equal.While these prepackaged, risk-reducing portfolios make a lot of sense for retirement saving, you don't know if the funds ...
MF Global not only diverted potentially $700 million in funds out of customer accounts, in violation of the law, regulators tell FOX Business. It also can't seem to...
The retirement equation isn't looking good for baby boomers right now."Boomers have weathered many challenges in a short period of time: the financial crisis, high u...
Qatar is in talks to buy some or all of Milan's newly built Porta Nuova business district as Italy's economic crisis squeezes its U.S. developer, several sources hav...
The Dow Jones industrial average is at an all-time high, the jobless rate has fallen to a four-year low and the housing market is seeing a recovery, but for many low...
Are you saving enough for those Golden Years?If you believe most studies, the simple answer is probably no.What's more, according to a recent Ameriprise Financial an...
Norway's $708 billion Government Pension Fund Global, or GPFG, said Monday it had made its first investments in U.S. real estate by paying $1.2 billion in a deal wit...
There comes a moment in a retiring worker's life when he has to decide what to do with the money in his 401(k) plan.He can leave it there. If he's moving to another ...
Life Insurance MythsLet's talk about your death.Not much of a sales pitch, is it? Yet that's precisely the body under the sheet we're delicately avoiding when we con...