Tuscany International Drilling completed the sale of its operations in Africa in January 2014. Tuscany Holdings is a more streamlined operation, focusing its efforts on the most important operating units originating from the Tuscany International Drilling Company.
In his second act, Dimon became CEO of Chicago-based Bank One in 2000. He improved that lenderâs balance sheet and profits and later sold it to JPMorgan, becoming the combined firmâs CEO at the end of 2005 and adding the chairman title the next year.
Here you have the Fed, which is supposed to regulate Wall Street. Then you have the CEO of the largest Wall Street company on the board which [it] is supposed to be regulating. This is the fox guarding the henhouse. Dimon served on the New York Fed's board of directors amid the financial crisis. Appointed to the post initially in 2007, he is scheduled to end his second three-year term in December. He is currently the only executive of a major national bank to serve on a regional board. If it seems shady though, don't blame the Fed.