Acquired The Jamie Dimon Interview
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Jul 16, 2025 
In a compelling conversation, Jamie Dimon, Chairman and CEO of JPMorgan Chase, reflects on his journey from being fired at Citigroup to leading the largest bank in the U.S. He shares insights on the evolution of JPMorgan Chase and the 'fortress balance sheet' strategy that underpins its success. Dimon discusses lessons from the 2008 financial crisis and recent banking challenges, emphasizing the significance of risk management and the need for ethical practices in finance. Tune in for an engaging discussion filled with personal anecdotes and industry wisdom!
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Jamie Dimon's 1998 Firing
- Jamie Dimon was fired unexpectedly from Citigroup in 1998 despite being the heir apparent.
- He handled the moment with grace, focusing on his family and future rather than bitterness.
Choosing Bank One Turnaround
- After his firing, Dimon took time to explore opportunities including offers from Amazon and others.
- He chose to lead Bank One, a troubled Midwest bank, investing heavily in its success.
Risk Awareness Over Risk Avoidance
- Jamie emphasized understanding and properly pricing credit risk rather than avoiding risk.
- He restructured Bank One's loan portfolio, adding reserves and improving revenue per risk dollar.