JPMorgan's Jamie Dimon, Wall Street bigs snub Zohran Mamdani meeting
The 33-year-old socialist firebrand, who handily defeated Andrew Cuomo in the Democratic primary on June 24, was slated to attend meetings on Tuesday and Wednesday arranged by Partnership for NYC — a powerful group whose members include the city's biggest banks, law firms and corporations.
But Dimon snubbed the Israel-bashing, Ugandan-born firebrand and his bid to schmooze with the city's business bigwigs and soothe their concerns.
Advertisement
3 Mamdani has been making an outreach to NYC business bigwigs via renowned power broker Kathlyn Wylde.
Andrew Schwartz / SplashNews.com
The 69-year-old Dimon — who branded Mamdani a 'Marxist' at an event in Ireland on Thursday — had an unspecified scheduling 'conflict,' accoridng to the bank.
'He had other commitments and was unable to attend,' a JPMorgan spokesperson told The Post.
According to sources familiar with the matter, a number of other Wall Street hotshots stayed away, too — sending non-executive underlings in their place.
Advertisement
'Everyone is just in listening mode,' joked one banking bigwig.
Goldman Sachs CEO David Solomon, Bank of America's Brian Moynihan, and Citi boss Jane Fraser did not plan to take part, sources said.
The insiders pointed to the firms' all having quarterly results coming out on Tuesday and Wednesday. BofA is headquartered in Charlotte, NC and, arguably, more shielded from any prospective Mamdani administration.
Advertisement
3 JPMorgan CEO Jamie Dimon lashed out at fellow Democrats over their obsession with DEI policies, labeling them 'idiots.'
REUTERS
The Democrat candidate wants to freeze rents and hike taxes to bankroll free childcare and free buses, as well as create government-run grocery stores to battle rising food prices.
'That's the same ideological mush that means nothing in the real world,' Dimon told Thursday's conference organized by the Irish foreign ministry in Dublin.
The long-serving chief executive also used the powwow to take pot shots at the Democratic Party.
Advertisement
Dimon, who has long been rumored to have political ambitions of his own and was once floated as a possible Treasury Secretary, slammed his fellow Democrats for their obsession with divisive DEI policies.
3 Insiders said BofA CEO Brian Moynihan is currently in Charlotte, North Carolina, to prepare for the bank's quarterly results on Wednesday.
REUTERS
'I have a lot of friends who are Democrats, and they're idiots. I always say they have big hearts and little brains,' the plain-speaking banker told the audience in Dublin.
'They do not understand how the real world works. Almost every single policy rolled out failed.'
Banking regulations have been a matter of concern for the JPMorgan CEO for years.
In October, he lashed out at the Biden administration over its anti-business stance and used his annual shareholder letter in April to accuse its officials of stifling growth with 'blue tape.'
Earlier this year, JPMorgan and several other Wall Street banks scrubbed DEI language from their websites soon after President Trump took office,
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News24
an hour ago
- News24
Trump to meet Qatar PM in ‘hopeful' bid to produce Gaza war ceasefire deal
US President Donald Trump will meet Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani to discuss Gaza. Israel and Hamas are conducting indirect negotiations to end the conflict. The UN says 875 people were killed at aid points in Gaza within the past six weeks. US President Donald Trump will meet with Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani on Wednesday to discuss negotiations over a Gaza ceasefire deal, Axios reporter Barak Ravid posted on X. Israeli and Hamas negotiators have been taking part in the latest round of ceasefire talks in Doha since 6 July, discussing a US-backed proposal for a 60-day ceasefire that envisages a phased release of hostages, Israeli troop withdrawals from parts of Gaza and discussions on ending the conflict. Trump's Middle East envoy Steve Witkoff had said on Sunday that he was 'hopeful' on the ceasefire negotiations under way in Qatar, a key mediator between the two sides. US, Qatari and Egyptian mediators have been working to secure an agreement, however, Israel and Hamas are divided over the extent of an eventual Israeli withdrawal from the Palestinian enclave. The latest bloodshed in the decades-old Israeli-Palestinian conflict was triggered in October 2023 when Hamas attacked Israel. Israel says Hamas killed 1 200 and took about 250 hostages. Gaza's health ministry says Israel's subsequent military assault has killed over 58 000 Palestinians. Hani Alshaer/Anadolu via Getty Images It has also caused a hunger crisis, internally displaced Gaza's entire population and prompted accusations of genocide at the International Court of Justice and of war crimes at the International Criminal Court. Israel denies the accusations. A previous two-month ceasefire ended when Israeli strikes killed more than 400 Palestinians on 18 March. Trump earlier this year proposed a US takeover of Gaza, which was condemned globally by rights experts, the UN and Palestinians as a proposal of 'ethnic cleansing'. READ | EU mulls Israel sanctions over Gaza, but action seems unlikely in divided Europe The UN rights office said on Tuesday it had recorded at least 875 killings within the past six weeks at aid points in Gaza run by the US- and Israeli-backed Gaza Humanitarian Foundation (GHF) and convoys run by other relief groups, including the United Nations. The majority of those killed were in the vicinity of GHF sites, while the remaining 201 were killed on the routes of other aid convoys. Hassan Jedi/Anadolu via Getty Images The GHF uses private US security and logistics companies to get supplies into Gaza, largely bypassing a UN-led system that Israel alleges has let Hamas-led militants loot aid shipments intended for civilians. Hamas denies the allegation. The GHF, which began distributing food packages in Gaza in late May after Israel lifted an 11-week aid blockade, previously told Reuters that such incidents have not occurred on its sites and accused the UN of misinformation, which it denies. The GHF did not immediately respond to a request for comment on the latest UN figures. 'The data we have is based on our own information gathering through various reliable sources, including medical human rights and humanitarian organisations,' Thameen Al-Kheetan, a spokesperson for the UN Office of the High Commissioner for Human Rights, told reporters in Geneva. The UN has called the GHF aid model 'inherently unsafe' and a violation of humanitarian impartiality standards. Doaa Albaz/Anadolu via Getty Images The GHF said on Tuesday it had delivered more than 75 million meals to Gaza Palestinians since the end of May, and that other humanitarian groups had 'nearly all of their aid looted' by Hamas or criminal gangs. The Israeli army previously told Reuters in a statement that it was reviewing recent mass casualties and that it had sought to minimise friction between Palestinians and the Israel Defence Forces by installing fences and signs and opening additional routes. The UN Office for the Coordination of Humanitarian Affairs has previously cited instances of violent pillaging of aid, and the UN World Food Programme said last week that most trucks carrying food assistance into Gaza had been intercepted by 'hungry civilian communities'. Trump and Sheikh Mohammed are also expected to discuss efforts to resume talks between the US and Iran to reach a new nuclear agreement, Ravid added citing a source familiar with the matter.
Yahoo
an hour ago
- Yahoo
Israel submits third map for ceasefire negotiations, sources tell 'Post'
Israel has submitted a new map for consideration, and meets with the head of Egyptian Intelligence Service amid ongoing ceasefire negotiations. Israel has submitted a third map of Israeli troop deployment in Gaza throughout the period of the 60-day ceasefire, two sources told The Jerusalem Post on Monday. The head of the Egyptian General Intelligence Service, Maj.-Gen. Hassan Rashad met with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani the same day. Rashad also reportedly held meetings with the Israeli and Hamas delegations as part of the ongoing negotiations, according to Egyptian media. The main points of contention between Israel and Hamas are the withdrawal of Israeli forces during the ceasefire and the distribution of aid within the Gaza Strip. Israel's third proposal of the IDF deployment map during the ceasefire shows even further flexibility on the position of the IDF along the Gaza-Egypt border, between the Morag and Philadelphi Corridors. This proposal comes after Palestinian officials told the BBC that the ceasefire negotiations were on the verge of collapse on early Saturday, claiming that the Israeli delegation sent to Doha, Qatar, was sent only to buy Israel time while Prime Minister Benjamin Netanyahu visited Washington and had no actual decision-making power. These claims directly contradict Israeli officials' statements that Hamas has rejected the Qatari proposal and refuses to compromise, using "psychological warfare" to disrupt the ongoing negotiations. Over the past week, Israeli and Hamas delegations have attended eight rounds of negotiations in Qatar, facilitated by Qatar's prime minister and Egyptian intelligence officials.
2 hours ago
Southern Arizona voters cast ballots to select nominees to succeed late US Rep. Raúl Grijalva
PHOENIX -- Voters in Southern Arizona cast ballots Tuesday to select nominees to succeed the late U.S. Rep. Raúl Grijalva, who was one of the most senior and progressive power brokers on Capitol Hill. His death in March left the seat wide open for the first time in over two decades. Grijalva was a champion of environmental protections and reliably went to bat for immigrants and Native American tribes. He routinely breezed past GOP challengers in the deep-blue district, which stretches across most of the state's border with Mexico and includes parts of Tucson and nearby counties. A handful of Democratic hopefuls — including Grijalva's daughter — are seeking the nomination in the primary for the 7th Congressional District seat. Adelita Grijalva, a progressive, is regarded as the frontrunner. Also in the running are former state lawmaker Daniel Hernandez; digital strategist and reproductive rights advocate Deja Foxx; Indigenous activist and scholar Jose Malvido Jr.; and retired health care executive Patrick Harris Sr. Painting company owner Daniel Butierez, off-road vehicle businessman Jimmy Rodriguez and restaurant owner Jorge Rivas are vying for the GOP bid. Butierez captured more than one-third of the vote in the 2024 election against Raúl Grijalva. Polls closed in Tuesday's primary at 7 p.m. The winners will face off for the seat in the special general election on Sept. 23. The seat will not decide control of the U.S. House, but it is one of three vacancies in heavily Democratic districts that, when filled in special elections this fall, will likely chip away at Republicans' slender 220-212 majority in the chamber. Democrats enjoy a nearly 2-1 ratio registration advantage over Republicans in the 7th District. Lee Ziesche, a 36-year-old climate justice organizer, said climate and affordability are among the top issues for her in this election. She said she is voting for Adelita Grijalva. 'I do think that Adelita has organized and been a part of this community for a very long time and would carry on her father's progressive legacy,' Ziesche said. Rosalyn Carrillo is supporting Foxx, the youngest candidate at 25 years old who has said she's an alternative to a "legacy" last name and will be an obstructionist to President Donald Trump. 'We need something different. We need to change it up,' said Carrillo, a 19 year-old college student in Tucson. Jim Chilton, an 86-year-old rancher who owns a ranch on the Arizona-Mexico border, said he is supporting Butierez because he feels he'd make decisions in line with securing the border if elected.
