JAMIE DIMON
An American business executive who serves as JPMorgan Chase & Co.’s Chairman and Chief Executive Officer. When Chase acquired Bank One, America’s sixth largest bank, Dimon joined chase as its President in 2004, then became the company’s CEO in 2005. Two years after, he also served as Class A Director of New York Federal Reserve Bank for three years. Prior to Chase, he became the director of Yum! Brands and Chicago Clearing House Association and worked for several financial companies such as American Express, Commercial Credit Group, Primerica, Smith Barney, and Citigroup.
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Loss Carryback
An accounting technique where a company chooses to retroactively apply net operating losses to the previous year’s income in order to decreas ...
Retail Banking
Typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include savings and checking ...
Capital Stock
The preferred and common stock a firm is approved to disperse,based to their corporate charter. This symbolizes the extent or bulk of the equity po ...
Overfunded Pension Plan
It is a company retirement plan that has more assets than liabilities. Basically, there is a surplus amount of money needed to cover current and fu ...
Financial Risk
The possibility that shareholders will lose money when they invest in a company that has debt, if the company's cash flow proves inadequate to ...
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