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Stock impact report

Editorial: Jamie Dimon kept his promise made 20 years ago to Chicago [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The fears at the time were pronounced. The headquarters of Chicago's biggest bank— itself the product of multiple large-scale mergers including First Chicago with Detroit's NBD in 1995 and later First Chicago with Columbus, Ohio's Banc One — was moving to New York, sadly reinforcing the narrative of Chicago as a financial services backwater and New York as the world capital of money. The most bitter observers noted then how Dimon, who negotiated the deal to ensure he would become CEO, was a native New Yorker. He'd engineered a triumphant return home, this narrative went, using shareholder money and selling out Chicago in the process. Dimon tried to reassure everyone by making promises. Chicago would remain a critical market for Chase. Chicago wouldn't lose jobs. Chase would maintain its civic commitment. There was little reason to believe him, at least judging by the blows the city had endured after losing corporate headquarters in past merger deals, nearly all of which were ac Show less Read more
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