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jimmy lee

JPMorgan Dealmaker Jimmy Lee Gets All the Best Lines

Two giant JPMorgan profiles landed this week, and it was a familiar character who delivered some of the more memorable lines in each of them. James Bainbridge Lee Jr.—better, Jimmy—is the legendary deal maker this paper once described as “the maestro of the syndicated loan market, Wall Street’s most famous corporate bailout artist,” now the vice chairman for investment banking at JPMorgan.

That position—and, we suppose, that he was willing to pick up the phone and go on record—made him a natural source for Vanity Fair’s profile of Jamie Dimon, in which Mr. Lee offers the first (and last?) word on the JPMorgan chief executive (“[He] has moral courage running through his veins”); and also serves as a catalyst for the tidbit VF used to hype the story—in the middle of the hubbub over the London Whale, Mr. Lee asked New England Patriots quarterback to tell Mr. Dimon “to hang in there.Read More

Morning Read

Borrelia burgdorferi, the causative agent for Lyme disease. Credit: Centers for Disease Control and Prevention.

JPMorgan’s Rocky Relations, Facebook’s Slow Open and the Next Big Thing in Insider Trading; Wall Street Roundup

A bug in JPMorgan’s chief investment office led to discord. A glitch in Nasdaq’s system delayed Facebook’s IPO. The next big insider trading trial opens today. And more, in today’s Wall Street roundup.

Down-tick: The London and New York desks of JPMorgan’s chief investment office had long been at odds, and shouting matches were common Read More

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5. Jamie Dimon

JPMorgan Chase Exec Ina Drew Resigns After Monster Trading Snafu

JPMorgan’s massive, “flawed complex, poorly reviewed” $2 billion-losing hedging strategy announced by Jamie Dimon on May 10 has sent one exec head rolling: chief investment officer Ina R. Drew will resign ”as early as Monday,” according to the Times. Ms. Drew has been among the bank’s most well-paid officers and one of the most high-profile women on Wall Street. The Times reports Ms. Drew has been trying to leave for weeks: Read More