Morgan Chief Jamie Dimon’s aggressive style backfiring

InternAdmin Contributor
Font Size:

Masters of the universe are not always so masterful after all.

JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon’s squabble with the head of the Bank of Canada over bank regulation managed to achieve only one thing — angering the central banker.

Once viewed as a star for helping the U.S. government prop up the now-defunct Bear Stearns during the 2008 financial crisis, Dimon is in danger of becoming a pariah among global regulators.

At a meeting last week between the world’s most powerful bankers and Bank of Canada Governor Mark Carney, Dimon tried to tell the central banker that banks were suffering under the weight of all the new bank rules. But his aggression drove a red-faced and visibly angry Carney out of the room, according to people familiar with the encounter.

Full story: JPMorgan’s Jamie Dimon Aggressive Style May Hurt Bank Cause