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Jamie Dimon

#AskJPM Blow Up Nothing to Laugh About

Dennis M. Kelleher | Posted 01.25.2014 | Business
Dennis M. Kelleher

Regarding the #AskJPM blowup, one article began by asking the right question: "What were they thinking?" The answer is, they weren't thinking; they were all talking to themselves and like-minded executives.

Big Banks Prepared For U.S. Default

Reuters | David Henry and Lauren Tara LaCapra | Posted 11.19.2013 | Business

NEW YORK (Reuters) - As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of doll...

JPMorgan Has Even More Problems Than We Thought

Reuters | Posted 11.01.2013 | Business

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other juri...

Time for Wall Street to Stop Blocking Mel Watt

Mike Lux | Posted 12.30.2013 | Politics
Mike Lux

Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.

The Lies That Will Kill America

Bill Moyers | Posted 01.23.2014 | Politics
Bill Moyers

Fox News is its ministry of misinformation, the fake jewel of the News Corp. crown, a 24/7 purveyor of flimflam and the occasional selective truth. Look at the pounding they've given Obama's healthcare reform right from the very start.

JPMorgan's $5 Billion Mortgage Deal Is Just The Beginning

AP | KEN SWEET and MARCY GORDON | Posted 10.26.2013 | Business

WASHINGTON -- WASHINGTON (AP) — The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it so...

Eric Holder Finally Gets Tough On Banks

Bloomberg View | Jonathan Weil | Posted 10.25.2013 | Business

BLOOMBERG VIEW See if you can make sense of this. Somehow, in the space of seven months, U.S. Attorney General Eric Holder has gone from being: ...

No Good Deed Goes Unpunished

Terry Savage | Posted 01.23.2014 | Business
Terry Savage

No matter how much you think that someone, anyone, must pay up, isn't this an example of not only government intimidation, but also of bad faith on the part of the same government that pushed these deals to fruition?

More Bad News For JPMorgan

Reuters | Karen Freifeld | Posted 01.23.2014 | Business

NEW YORK, Oct 22 (Reuters) - JPMorgan Chase & Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settl...

What Fine? Why JP Morgan Is Laughing All the Way to the Bank

Robert Scheer | Posted 01.23.2014 | Politics
Robert Scheer

Although the $13 billion fine on the civil charges, which includes $4 billion in direct assistance to swindled homeowners, mostly in depressed inner city neighborhoods, is to be applauded, it represents about half of the profit JPMorgan garnered last year.

Why JPMorgan Chase Doesn't Deserve Your Sympathy

Richard (RJ) Eskow | Posted 01.23.2014 | Politics
Richard (RJ) Eskow

Scandal-tainted megabank JPMorgan Chase is losing legal ground in the wake of its multi-year crime wave. But in the wake of its tentative $13 billion settlement with the federal government, it may be on the verge of winning at least one battle -- in the court of public opinion.

Sorkin's Failed Apologia for JPMorgan Chase's Jamie Dimon

Richard (RJ) Eskow | Posted 01.23.2014 | Politics
Richard (RJ) Eskow

Andrew Ross Sorkin's portrayal of JPMorgan Chase CEO Jamie Dimon as the innocent and beleaguered victim of "writers, editors and bloggers" is likely to stand as a cautionary tale, a warning for future generations about what happens when financial journalists lose their objectivity.

NOW Are We Allowed Talk About Firing Jamie Dimon?

The Huffington Post | Mark Gongloff | Posted 10.11.2013 | Business

If he hasn't lost it already, JPMorgan Chase CEO Jamie Dimon should probably lose his title as America's greatest banker. Maybe it's also finally time...

Shutdowns and the Real World

Mike Lux | Posted 01.23.2014 | Politics
Mike Lux

The shutdown is the story of the moment. But there are also other real things going on in the real world that have huge consequences for, yes, real people -- and the media shouldn't ignore those other stories.

Jamie Dimon Lost One Of His Jobs

Reuters | David Henry | Posted 10.04.2013 | Business

(Reuters) - JPMorgan Chase & Co chairman and CEO Jamie Dimon has given up the title of chairman of the company's main bank subsidiary to conform with...

Mea Minima Culpa

Rev. Seamus P. Finn, OMI | Posted 01.23.2014 | Business
Rev. Seamus P. Finn, OMI

There is no amount of money, fines, settlements or payments that is commensurate with the hardship that the arrogance, unethical and fast dealing behaviors of banks and their leaders have caused.

Dimon, Obama To Talk Debt Ceiling

Reuters | Posted 01.23.2014 | Business

Sept 30 (Reuters) - JP Morgan chief executive Jamie Dimon is headed for a scheduled meeting, along with other bank executives, with President Barack...

JPMorgan Audit Director: This Is 'Embrarrassing'

Reuters | Ross Kerber | Posted 09.27.2013 | Business

CHICAGO (Reuters) - The head of JPMorgan Chase & Co's audit committee acknowledged on Thursday that the bank had made mistakes and said it has tried t...

Obama and Holder's "Too Big to Jail" sticks it to Main Street

Don McNay | Posted 11.26.2013 | Business
Don McNay

I've been a fierce critic of Wall Street and especially the Wall Street bailouts. If you study my writing over the years, there is one bank that get...

Jamie Dimon Meeting With Eric Holder

AP | PETE YOST | Posted 11.26.2013 | Business

WASHINGTON — J.P. Morgan's chief executive is at the Justice Department to meet with Attorney General Eric Holder. The meeting is about an inve...

Zach Carter

Another Whopping JPMorgan Chase Legal Settlement Under Discussion

HuffingtonPost.com | Zach Carter | Posted 09.26.2013 | Business

WASHINGTON -- Federal and state authorities are discussing an $11 billion settlement with JPMorgan Chase that would resolve numerous allegations of mo...

Congressman Cummings, 'AIG Can Crush You Like a Bug'

Janet Tavakoli | Posted 11.25.2013 | Business
Janet Tavakoli

U.S. taxpayers bailed out AIG and its counterparties. Employees earned huge partial bonuses anyway, and no one went to jail. Now, five years later, AIG's new CEO, Robert Benmosche, is acting like a big smug guy who got away with something, because AIG did.

SEC Omitted Evidence Damaging to JPMorgan's Jamie Dimon

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

It's a serious matter to demonstrate lack of good faith in statements to investors and to the public. It's particularly cavalier five years after the United States bailed out TBTF banks with hundreds of billions in cash and trillions in ongoing subsidies, guarantees, and funding.

Obama's Friends in Low Places

Robert Scheer | Posted 11.23.2013 | Politics
Robert Scheer

Why are we not surprised that Obama has done nothing to break up the too-big-to-fail banks, the biggest now being Dimon's? Don't be fooled by the occasional fines; the banks have used the interest-free money to grow ever larger and more unaccountable in their behavior.

DOJ Prepares To Sue JPMorgan

Reuters | Posted 09.23.2013 | Business

(Reuters) - The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, a s...