JPMorgan Chase Chief Executive Officer Jamie Dimon and several other top Wall Street leaders declined to attend a two-day meeting this week with New York City mayoral candidate Zohran Mamdani, according to multiple reports. The sessions, organized for 15–16 July by the Partnership for New York City, were intended to give the 33-year-old Democratic nominee an opportunity to reassure the business community after his surprise primary victory last month over former governor Andrew Cuomo. Dimon, who recently described Mamdani as a “Marxist” during a conference in Dublin, cited a scheduling conflict. Goldman Sachs’ David Solomon, Bank of America’s Brian Moynihan and Citigroup’s Jane Fraser also stayed away, sending deputies instead as their firms prepared to release quarterly earnings. Mamdani is campaigning on a platform that includes freezing residential rents, raising taxes to finance free childcare and bus services, and creating government-run grocery stores. The CEOs’ absence underscores the increasingly fraught relationship between New York’s financial sector and the progressive wing of the Democratic Party.
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Jamie Dimon, CEO of JPMorgan Chase, says the key to his investment success comes down to one principle: “Don’t blow up.” It’s a lesson he learned early. At 14, Dimon made his first stock purchase in 1972, only to watch the market crash 45% within two years. That early https://t.co/A7Z1ZgOFO2