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JPMorgan investors on edge over vote on Dimon; what if they win?

As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote.JPMorgan's annual meeting on Tuesday will bring to head a months-long and bitter shareholder campaign demanding more oversight of Dimon, who has suggested that he may eventually leave the bank if he loses the vote.Investors say that while Dimon, 57, may need more oversight after the bank posted $6.2 billion in losses from failed derivative trades last year, they do not want him to quit.Among big bank CEOs, Dimon ranks first for stock returns and has been praised for leading the bank through the financial crisis with no quarterly losses and a strong balance sheet.If Dimon were to leave, the bank's shares could fall as much as 10 percent and erase about $20 billion of market value, according to Mike Mayo, a bank analyst with brokerage CLSA.JPMorgan also has no ready replac...

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  1. Inflows Into Treasury-Bond ETFs Surged to Record Last Week

    As yields on U.S. Treasury bonds were hitting recent lows last week, investors were pumping a record amount of money into U.S. Treasury bond ETFs.Treasury bond ETFs ...

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  5. Apple Prices Record $17Bln Debt Sale

    Apple Inc. sold $17 billion of bonds Tuesday, a record amount for an investment-grade corporate offering, according to investors familiar with the deal.The offering ...

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    DoubleLine Capital LP, the investment firm run by star bond manager Jeffrey Gundlach, said on Friday it completed an initial public offering for the closed-end Doubl...

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