JP Morgan Chase

Jamie Dimon, 55, head of JP Morgan Chase became one of the most discussed people this week.  According to AP the compensation of Dimon in 2010 rose to $20.8 million from $12.7 million in 2009.  

According to a regulatory filing CEO of JPMorgan Chase Jamie Dimon has received restricted stock and options that could be worth $17 million at current valuations.  

There’s a lot of momentum behind Person-to-Person (P2P) payments in the U.S. JP Morgan Chase is the most recent, but PayPal, Fiserv, CashEdge, Obopay, and others are signing banks and trying to get consumers to enroll and use the service. The networks must interconnect if banks want the new payment revenue.

New York prosecutors have indicted 18 people for operating an identity theft and bank fraud scheme that saw counterfeit cheques used to steal at least $1.4 million from hundreds of victims. The 227-count indictment accuses the defendants of paying bank tellers to help them obtain the personal and account information of 500 victims, including private individuals, corporations, religious institutions, hospitals, and schools, as well as city and state government agencies.