Jpmorgan suspends share buybacks
NEW YORK — J. Speaking at a financial-services conference organized by Deutsche Bank, Jamie Dimon, chairman and CEO of J. Morgan, also said the bank would maintain its dividend. No, we intend to maintain the dividend. But Dimon said the bank decided to suspend share buybacks in order to meet global regulatory requirements on higher capital levels, and not because of the size of trading losses.
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In a related development, the Commodity Futures Trading Commission is investigating the use of credit derivatives by J. Morgan's chief investment office, commission chairman Gary Gensler told reporters Monday.
News Sports UK Sports Entertainment. Business May 22, Morgan halts buybacks of its shares.
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