iOS app Android app

Jp Morgan Chase

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

Jane White | Posted 07.16.2012 | Business
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%."

Obama Has Signficant Assets In JPMorgan Account

Reuters | Posted 07.15.2012 | Politics

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...

Mark Gongloff

Jamie Dimon, JPMorgan CEO, Safe For Now Despite Trading Loss, FBI Probe | Mark Gongloff | Posted 05.16.2012 | Business

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 ...

Jamie Dimon's "Tempest In A Tea Pot"

Charles Gasparino | Posted 07.15.2012 | Business
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.

The Daily Szep -- A Wall St. Banker

Paul Szep | Posted 07.15.2012 | Comedy
Paul Szep


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

The Huffington Post | Mark Gongloff | Posted 05.15.2012 | Business

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...

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

Barbara Roper | Posted 07.14.2012 | Business
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?

D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So | D.M. Levine | Posted 05.15.2012 | Business

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...

Jason Linkins

Life Inside The Jamie Dimon Bubble | Jason Linkins | Posted 05.14.2012 | Politics

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 ...

Regression to the Mean, JPMorgan Edition

James Kwak | Posted 07.14.2012 | Business
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.

Dimon's NY Fed Tenure Should End Now

Peter S. Goodman | Posted 07.14.2012 | Business
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.

JPMorgan Chase Actually Lost $20 Billion On Its Bad Trade

The Huffington Post | Mark Gongloff | Posted 05.14.2012 | Business

By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea of how muc...

Too Big to Care

Leslie Hendry | Posted 07.14.2012 | Money
Leslie Hendry

No one wants to repeat another bailout, and politically speaking, it's hard to imagine one getting passed again within the next fifty years. But when financial leaders allow huge bets to be placed on unnatural, or synthetic securities, they simply haven't learned the lessons of the past crisis.

White House Reacts To $2 Billion Blunder

AP | Posted 07.14.2012 | Politics

ABOARD AIR FORCE ONE -- The White House says a $2 billion trading blunder by JPMorgan Chase shows the continued need for rules that protect the taxpay...

Dimon Agonistes

The Huffington Post | Mark Gongloff | Posted 05.14.2012 | Business

Thing One: Dimon Agonistes: Whom the gods would destroy, they first make mad. Or bankers. Or both. JPMorgan Chase and its CEO Jamie Dimon are incr...

Paul Krugman: This Is Why We Regulate Wall Street

The New York Times | Paul Krugman | Posted 05.14.2012 | Business

One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...

A Black Mark For Jamie Dimon

AP | PALLAVI GOGOI | Posted 07.12.2012 | Business

NEW YORK — The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days. In the 1980s and 199...

Thoughts on the Big JP Loss

Jared Bernstein | Posted 07.12.2012 | Business
Jared Bernstein

Financial markets are inherently unstable. They will neither self-correct nor self-regulate. Their instability poses a threat to markets and economies and people across the globe.

Jamie Dimon's SNAFU: JPMorgan's Other Derivatives' Losses

Janet Tavakoli | Posted 07.12.2012 | Business
Janet Tavakoli

The United States is trying to pull out of the greatest financial tailspins in its history. Dice-rolling braggadacio by a key officer at one of the nation's largest banks is exactly the kind of thing Congress, taxpayers and voters should find scary.

Why Blaming Jamie Dimon Misses The Point

Peter S. Goodman | Posted 07.11.2012 | Business
Peter S. Goodman

Fun as it may be to beat up on the arrogant Jamie Dimon for the $2 billion-plus derivatives fiasco at JPMorgan Chase, this is like blaming the lion that ate the kid who got too close to its cage at the zoo, rather than going after the guy who allowed such an unsafe cage to be built.

How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall

Robert Reich | Posted 07.11.2012 | Business
Robert Reich

What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.

JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking

Simon Johnson | Posted 07.11.2012 | Business
Simon Johnson

In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.

Chase Going After The Poor With New Card

The Huffington Post | Catherine New | Posted 05.10.2012 | Money

JPMorgan Chase wants it all, catering to everyone from the richest customers who provide hefty returns on deposits to the poorest who are willing to p...

Ben Hallman

Shocker: $25 Billion Mortgage Settlement Expires | Ben Hallman | Posted 05.03.2012 | Business

The promises made by five of the nation's largest banks under the much-ballyhooed $25 billion mortgage settlement have a surprisingly short shelf life...

NYPD: White Powder Mailed To Wells Fargo Banks Was Non-Toxic

AP | Posted 07.01.2012 | New York

NEW YORK — Police say the white powder contained in several envelopes that were mailed to various bank branches in New York City turned out to b...