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JPMorgan Chase

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Jamie Dimon, Chairman and CEO of JPMorgan Chase has launched a new $75 million initiative to combat youth unemployment in the U.S.

Jamie Dimon, Chairman and CEO of JPMorgan Chase has launched a new $75 million initiative to combat youth unemployment in the United States. CBS News' Lulu Chiang and Gilad Thaler met Dimon at Aviation High School in New York City to discuss the alarming percentage of unemployed youth and see how the private sector can help through backing trade schools.

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Jacob Frenkel said the stimulus will allow European economies to be more flexible which would increase competitiveness.

Jacob Frenkel, chairman of JPMorgan Chase International and the former governor of the Bank of Israel, lauded the European Central Bank's new stimulus program. Frenkel, speaking at the World Economic Forum in Davos, Switzerland, said the stimulus will allow European economies to be more flexible which would increase competitiveness. Senior Producer: Lulu Chiang; Digital Journalist: Gilad Thaler

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