Jp Morgan Chase

Here's How Much Closing A Bank Account Will Cost You

AP | PALLAVI GOGOI | Posted 05.30.2012

Read More: JP Morgan Chase, Consumers Union, Bank Fees, Wells Fargo, Bank of America, Closing a Bank Account, Citibank, Big Banks, Bank Account Closure, Money News

Want to close your bank account? It could cost you as much as $55. In a survey of the practices of the 10 largest banks in the country – includ...

Read Whole Story

The Final Straw: Break Up the Banks

David Fagin | Posted 05.30.2012

Read More: JP Morgan Chase, JP Morgan, Lehman-Investigation, Lehman Brothers, Financial Reform, Financial Crisis, Sec, Obama, Jamie Dimon, Facebook, Barack Obama, Politics News
David Fagin

Breaking up the banks might not be the answer to the "Economic Utopia" we all dream of, but, after the events of the past five years, could it get any worse?

Read Post

Fed Official Essentially Calls For Dimon To Leave New York Fed

The Huffington Post | Mark Gongloff | Posted 05.24.2012

Read More: JP Morgan Chase, Jamie Dimon New York Fed, Esther George, JPMorgan Chase, Video, JP Morgan, Jamie Dimon JPMorgan Chase, Fed, Kansas City Fed President Esther George, Regulation, Federal Reserve, Banks, Jamie Dimon, New York Fed, Slideexpand, Business News

Don't worry, Jamie Dimon. Even in the Facebook mess, you are not forgotten. Kansas City Federal Reserve President Esther George on Thursday said in...

Read Whole Story

Jason Linkins

GOP Senator Mocks Regulators He Sandbagged For JPMorgan Losses

HuffingtonPost.com | Jason Linkins | Posted 05.24.2012

Read More: Eat the Press, JP Morgan Chase, JPMorgan Chase, JP Morgan Loss, Dodd-Frank, Jpmorgan, Hypocrisy, Richard Shelby, Financial Regulation, Politics News

Sen. Richard Shelby (R-Ala.) is shocked -- SHOCKED! -- that gambling is going on at JPMorgan, and that this gambling led to a multibillion-dollar loss...

Read Whole Story

Which Wall Street Party Do You Want to Vote For?

Joseph A. Palermo | Posted 05.24.2012

Read More: JP Morgan Chase, Bill Clinton, Cory Booker, Ed Rendell, President Obama, Wall Street, Mitt Romney 2012, Bain Capital, MF Global, Occupy Wall Street, Larry Summers, John Corzine, Jamie Dimon, Timothy Geithner, Alan Greenspan, Glass-Steagall, Politics News
Joseph A. Palermo

It's an uphill climb for Obama to even mildly criticize Mitt Romney for being a vulture capitalist given his lack of accomplishment in holding anyone on Wall Street accountable for the economic carnage they wreaked.

Read Post

Some Institutions Are Too Big to Succeed

Harlan Green | Posted 05.24.2012

Read More: Dodd-Frank Act, JP Morgan Chase, Glass-Steagall Act, Paul Krugman, Jamie Dimon, Income Inequality, Jp Morgan Collapse, Business News
Harlan Green

Whether out of ignorance or not understanding the ramifications of such high risk derivative hedges, CEOs such as JP Morgan Chase's Jamie Dimond apparently have little control over the trades such as caused the $2 billion loss.

Read Post

Why Obama Should Be Attacking Casino Capitalism -- Both Romney's Bain and JPMorgan

Robert Reich | Posted 05.22.2012

Read More: JP Morgan Chase, Mitt Romney Bain Capital, JPMorgan Chase, JP Morgan, Bain Capital, 2012 Election, Mitt Romney 2012, Elections 2012, Mitt Romney, Jamie Dimon, Obama Romney, Politics News
Robert Reich

Bain Capital and JPMorgan are parts of the same problem -- a particular kind of capitalism that uses other peoples' money to make big bets which, if they go wrong, can wreak havoc on the economy. The president should be leading the charge against both.

Read Post

D.M. Levine

"Outgunned"

HuffingtonPost.com | D.M. Levine | Posted 05.22.2012

Read More: JP Morgan Chase, Dodd-Frank, Financial Reform, Mary Schaprio, London Whale, Commodity Futures Trading Commission, Gary Gensler, Securities and Exchange Commission, Video, Business News

Two of the most important financial regulators in the country have a message for Congress: We need more money. At a hearing before the Senate Bank...

Read Whole Story

Why Is Romney So Casual About the JPMorgan Chase $3 Billion Loss?

Marvin Meadors | Posted 05.21.2012

Read More: JP Morgan Chase, George Bush, President Obama, Dodd-Frank, Ed Morrissey, Mitt Romney, Deregulation, Mark Zuckerberg, Alan Greenspan, Facebook, Dell Computer, Financial Regulation, Google, Politics News
Marvin Meadors

Why place our bets on Romney when his election may open the door to a return of the days of excessive risk taking and taxpayer funded bailouts? Why spin the wheel again arguing that this time Wall Street will bet correctly?

Read Post

Jamie Dimon Complains More, As JPMorgan Chase Losses Eclipse $30 Billion

Mark Gongloff | Posted 05.21.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jamie Dimon JPMorgan Chase, Financial Reform, Jpmorgan, Jamie Dimon, Volcker Rule, Financial Regulation, JPMorgan Chase $2 Billion Loss, Business News
Mark Gongloff

Champion American complainer Jamie Dimon complained on Monday about Wall Street regulation, while also insisting he not be described as a complainer. ...

Read Post

Jamie Dimon Should Resign From the Board Of The New York Fed

Simon Johnson | Posted 05.21.2012

Read More: JP Morgan Chase, Fiscal Affairs, JPMorgan Chase, JP Morgan, Wall Street, Financial Crisis, Jamie Dimon, Timothy Geithner, Business News
Simon Johnson

To have Jamie Dimon involved in overseeing the management of the New York Fed, an organization that oversees his activities, decisions, and potential losses, is no longer acceptable. We do not accept such conflicts of interest in other parts of American society.

Read Post

Activists Visit Geithner's Home to Ask "Which Side Are You On?"

Peter Dreier | Posted 05.21.2012

Read More: JP Morgan Chase, Peter Scher, Bank of America, Pete Stark, Wall Street, Financial Speculation Tax, Tom Harkin, Peter DeFazio, National People's Action, National Domestic Workers Alliance, Jamie Dimon, Timothy Geithner, Occupy Wall Street, Video, Politics News
Peter Dreier

The protesters consider Geithner the key architect of Obama's economic recovery plan and the loudest voice within the president's inner circle for taking a "hands off" approach to tougher government rules to tame Wall Street's risky practices.

Read Post

70 Trillion Reasons JP Morgan Is Too Big

Ron Galloway | Posted 05.22.2012

Read More: JP Morgan Chase, Jamie Dimon, JP Morgan, Derivatives, Business News
Ron Galloway

According to the Office Of The Comptroller of the Currency (OCC) the value of the derivatives on the books at J.P Morgan is $70 trillion. That's nearly 5 times the size of our economy. That's more than the entire world economy. At one bank.

Read Post

Geithner to Dimon: Resign From the Board of the New York Fed

Simon Johnson | Posted 05.17.2012

Read More: JP Morgan Chase, Fiscal Affairs, JPMorgan Chase, Jamie Dimon, Timothy Geithner, JP Morgan, Finance, Business News
Simon Johnson

In the diplomatic language of Treasury communications, Mr. Geithner has just told Jamie Dimon to resign from the New York Fed board. It looks bad -- and it is bad -- to have him on the board of this key part of the Federal Reserve System at a time when his bank is under investigation with regard to its large trading losses and the apparent failure of its risk management system. If Mr. Dimon resigns, that is a major humiliation and recognition -- at the highest levels of government -- that even the country's best connected banker has overstepped his limits. If, as seems more likely, Mr. Dimon stays in place, that would be a great victory for the big banks -- and a reminder of who is really in charge of the country.

Read Post

What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?

Jane White | Posted 05.16.2012

Read More: JP Morgan Chase, Federal Reserve, Americans for Financial Reform, Ben Bernanke, New Democrat Coalition, Dodd-Frank, Volcker Rule, Derivatives, Wall Street, Jpmorgan, Banking, JPMorgan Chase, Banks, Bankers, JP Morgan, Business News
Jane White

We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."

Read Post

Obama Has Signficant Assets In JPMorgan Account

Reuters | Posted 05.16.2012

Read More: JP Morgan Chase, White House, Video, Jp Morgan Jamie Dimon, Jp Morgan Scandal, Obama JP Morgan, Obama Jp Morgan Assets, Reuters, The View, Barack-Obama, Sec, Jamie Dimon, Securities and Exchange Commission, Barack Obama, Politics News

WASHINGTON, May 15 (Reuters) - U.S. President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking a...

Read Whole Story

Mark Gongloff

Jamie Dimon, JPMorgan CEO, Safe For Now Despite Trading Loss, FBI Probe

HuffingtonPost.com | Mark Gongloff | Posted 05.16.2012

Read More: Jpmorgan Chase Loss, JP Morgan Chase, JPMorgan Chase, Video, JP Morgan, Wall Street, Jamie Dimon JPMorgan Chase, Banks, Jamie Dimon, Jpmorgan Chase London Whale, Business News

So just how much trouble is Jamie Dimon really in? And what would it take for him to actually lose his job? You'd need an industrial-grade spatula ...

Read Whole Story

Jamie Dimon's "Tempest In A Tea Pot"

Charles Gasparino | Posted 05.17.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jpmorgan, Banking, Banks, Jamie Dimon, Bankers, London Whale, Jamie Dimon JP Morgan, Business News
Charles Gasparino

There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.

Read Post

The Daily Szep -- A Wall St. Banker

Paul Szep | Posted 05.15.2012

Read More: JP Morgan Chase, JP Morgan Loss, Jamie Dimon, Jpmorgan Chase 2 Billion Loss, Jamie Dimon JP Morgan, Comedy News
Paul Szep

2012-05-15-szeppers.jpg

Read Post

Banks Push For Trading Loophole, Would Allow For More Whale Fails

The Huffington Post | Mark Gongloff | Posted 05.15.2012

Read More: JP Morgan Chase, Dodd-Frank, Derivatives, Derivatives Reform, Derivatives Regulation, JPMorgan Chase, JP Morgan, Video, Wall Street, Jpmorgan, Banks, London Whale, Jp Morgan Chase London Whale, Jpmorgan Chase London Whale, Business News

U.S. banks might act worried about how JPMorgan Chase's trading pratfall will lead to tighter regulations on their own risky bets, but they've already...

Read Whole Story

Will JPMorgan's Loss Provide a Win for Wall Street Reform?

Barbara Roper | Posted 05.14.2012

Read More: J.P. Morgan Chase, Dodd-Frank, Derivatives, Financial Reform, Lincoln-Rule, Credit Default Swaps, Jamie Dimon, Volcker Rule, Wall Street Reform, Bank Regulation, Jpmorgan, Business News
Barbara Roper

While regulation comes with a significant price tag, those costs pale beside the losses that banks can incur when left to their own devices. Will regulators take the hint that the cost-benefit fight is one they can win?

Read Post

D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

Read More: JP Morgan Chase, Financial Reform, Derivatives, Regulation, Jamie Dimon, Credit Default Swaps, Volcker Rule, Brooksley Born, JPMorgan Chase $2 Billion Loss, JPMorgan Chase, JP Morgan, Credit Derivatives, Wall Street, Banks, Financial Regulation, Business News

To Brooksley Born, JPMorgan Chase's trading blowup looks a lot like the Long-Term Capital Management debacle of 14 years ago. It's "happening all o...

Read Whole Story

Jason Linkins

Life Inside The Jamie Dimon Bubble

HuffingtonPost.com | Jason Linkins | Posted 05.14.2012

Read More: Eat the Press, Video, J.P. Morgan Chase, Derivatives, Portfolio Hedge, Ina Drew, Jamie Dimon, Politics News

We are apparently reaching the stage in the JPMorgan $2 billion fail-scapade when the patsies are identified and shamed. JPMorgan co-CIO Ina Drew has ...

Read Whole Story

Regression to the Mean, JPMorgan Edition

James Kwak | Posted 05.14.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Jpmorgan, Fiscal Affairs, Jamie Dimon, Business News
James Kwak

The performance of anyone doing anything will exhibit regression to the mean. If you do well at something, it's because of some combination of skill and luck. If JPMorgan came through the financial crisis well, it was some combination of skill and luck.

Read Post

Dimon's NY Fed Tenure Should End Now

Peter S. Goodman | Posted 05.14.2012

Read More: JP Morgan Chase, Elizabeth Warren, Jamie Dimon, Derivatives, Business News
Peter S. Goodman

Not for the first time, Elizabeth Warren has spoken a simple truth, one that ought to be heeded: Jamie Dimon must surrender his seat on the board of the Federal Reserve Bank of New York.

Read Post