Business

BANKING

JP Morgan CEO set for Miami talk

 

After a bruising start to 2013, JP Morgan Chase CEO Jamie Dimon will be a keynote speaker of an upcoming business conference in Miami.

Dimon, once Wall Street’s top-paid executive, saw his compensation cut in half on the heels of the so-called “London Whale” trading loss that cost the company $6 billion. He will be a keynote speaker at the Greater Miami Chamber of Commerce’s “Economic Summit” conference scheduled for Monday, Feb. 4. The event starts at 8 a.m. at Jungle Island and costs between $75 and $200 to attend.

JP Morgan’s bad bet on derivatives last year in its London trading office cost shareholders more than $6 billion, and fueled criticism that JP Morgan and other major banks were still free from the kind of regulations needed to prevent another global banking crisis. Directors cut Dimon’s compensation and Dimon called the incident “a terrible mistake” while pointing out the bank continues to produce record profits.

Eric Silagy, president of the FPL utility company, will share keynoting duties with Dimon at the half-day event.

DOUGLAS HANKS

Read more Business stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Videos

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category