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Jpmorgan Chase

Controversial Banker Won't Get Regulatory Job After All

The Huffington Post | Mark Gongloff | Posted 02.07.2014 | Business

In a testament to the power of Twitter, or the speed of the revolving door between government and the private sector, or both, one banking legend's co...

Jamie Dimon's Big Pay Raise -- and the Minimum Wage

Robert Creamer | Posted 04.06.2014 | Politics
Robert Creamer

Last week JPMorgan Chase's Board approved a 74 percent pay raise for its CEO, Jamie Dimon, for 2013. Sometimes we get numb to numbers like $20 million. To put it in perspective, in 2013, Dimon made $9,615 per hour. In other words, he made more in the first two hours of the first workday of the year than a minimum-wage worker made all year long.

Jamie Dimon's Pay

Jeff Danziger | Posted 04.05.2014 | Politics
Jeff Danziger


Exec Falls From JPMorgan's London Tower

Reuters | Posted 03.30.2014 | Business

By Costas Pitas and Laura Noonan LONDON, Jan 28 (Reuters) - A JP Morgan tech executive fell to his death from the U.S. bank's 33-store...

Meet the People Who Gave JPMorgan's Jamie Dimon an $8.5 Million Raise

Peter Dreier | Posted 03.28.2014 | Business
Peter Dreier

On Friday, the board of directors of JPMorgan Chase voted to give CEO Jamie Dimon a raise. Not just a cost-of-living increase, but almost a doubling of his compensation. In Dimon's case, this means his compensation jumped from $11.5 million to $20 million.

Billions Of Dollars In Fines Later, CEO Gets A Raise

Reuters | Posted 03.26.2014 | Business

NEW YORK, Jan 24 (Reuters) - Jamie Dimon, chairman and CEO of JPMorgan Chase & Co, will be paid $20 million for his work in 2013, restoring most of th...

Chasing MorganChase

Christopher Brauchli | Posted 03.18.2014 | Politics
Christopher Brauchli

As a result of JPMorgan Chase's reappearance in the news (thanks to its criminal activities,) a number of readers have written asking me to explain how deferred prosecutions work and what happens to a corporation that fails to follow the terms of its deferred prosecution.

Shahien Nasiripour

Federal Reserve: Deepwater Horizon Oil Spill Is What Scares Us About Banks In Physical Commodities | Shahien Nasiripour | Posted 01.25.2014 | Politics

The Federal Reserve took a potential step Tuesday to limit big banks’ activities in physical commodities, publicly outlining concerns with bank inve...

Ten Examples of Welfare for the Rich and Corporations

Bill Quigley | Posted 03.16.2014 | Politics
Bill Quigley

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

The Mortgage Market Just Cratered

The Huffington Post | Mark Gongloff | Posted 01.23.2014 | Business

A jump in interest rates has had a big impact on the housing market. That's a warning sign for a Federal Reserve seemingly bound and determined to wit...

Shahien Nasiripour

Wall Street May Win As Federal Reserve Prepares To Punt On Physical Commodities | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big banks are poised to reap a significant victory in their fight to maintain lucrative businesses hoarding, selling and trading physical commodities ...

Winning The War On Poverty In 2014: Means Defeating the Wolves on Wall Street and Cowards on Capitol Hill

Reverend Charles E. Williams II | Posted 03.15.2014 | Black Voices
Reverend Charles E. Williams II

We can hear the 'wolves on Wall Street' howling at rising profits and executive salaries -- while the sucking sound you hear are jobs and families flung into poverty. 2014 will require a vigilant vote and voice to make a real difference for a very real problem.

Why Do U.S. Politicians Meet With 'Criminal' Entities in Switzerland?

Steven Strauss | Posted 03.14.2014 | Politics
Steven Strauss

In late January, the world's political elite will meet privately for off-the-record discussions with high-ranking representatives of the world's leading corporations, at the World Economic Forum ("Forum")'s Annual Meeting in Davos, Switzerland.

Shahien Nasiripour

Elizabeth Warren Teams With Arch Conservative On Bank Transparency Bill | Shahien Nasiripour | Posted 01.23.2014 | Politics

A bipartisan pair of lawmakers are targeting federal regulators and the Department of Justice over their allegedly opaque settlements with companies a...

Long Time Coming: Shining a Light on the Nation's Most Egregious Corporate Subsidy

Francisco Enriquez | Posted 03.10.2014 | Politics
Francisco Enriquez

Undeserved subsidies for wrongdoing occur because the law that prohibits companies from deducting fines or penalties as a tax write-off does not apply to companies that resolve charges through out of court settlements, unless agencies specifically forbid the write-offs as part of the settlement agreement.

Big Bank Settles Madoff Fraud Charges

Reuters | Posted 03.09.2014 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co will pay a $1.7 billion penalty to settle charges by U.S. federal authorities that the bank failed to report ...

We've Done It Again!

Reuters | Posted 03.09.2014 | Business

Jan 7 (Reuters) - JPMorgan Chase & Co officials will not be penalized as part of a settlement the bank is negotiating with federal authorities to re...

The Chart Jamie Dimon Doesn't Want You To See

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

The total tab for JPMorgan Chase's constant legal trouble is now up to more than $31 billion -- a figure so exorbitant and cruel that the bank's stock...

JPMorgan Limits Debit Cards After Target Hack

Reuters | Posted 02.20.2014 | Business

By David Henry NEW YORK, Dec 21 (Reuters) - At least 2 million shoppers who used bank debit cards at Target Corp stores during its re...

JPMOrgan Chase, Penance and Fines

Christopher Brauchli | Posted 02.19.2014 | Politics
Christopher Brauchli

One has to feel sorry for JPMorgan Chase. Several months ago it thought it had not only paid a sufficient amount in fines to make up for its bad behavior but it had also engaged in a form of penance for some of the bad things it had done. Little did it know.

Rihanna, Jamie Dimon, and Hillary

Mike Lux | Posted 02.17.2014 | Politics
Mike Lux

The arrogance of people like Jamie Dimon deserves mockery, and the lack of tough accountability coming from the Department of Justice deserve mockery, so that is what we are offering up.

JPMorgan Sued For Chasing Credit Card Debt It Wasn't Owed

Reuters | Jonathan Stempel | Posted 02.16.2014 | Business

Dec 17 (Reuters) - JPMorgan Chase & Co was sued on Tuesday by Mississippi Attorney General Jim Hood, who accused the largest U.S. bank of violating ...

Mark Gongloff

Report: JPMorgan In Trouble Over Madoff Ties | Mark Gongloff | Posted 01.23.2014 | Business

JPMorgan Chase is reportedly about to cut a sweet deal to dodge criminal charges over its role in the Bernie Madoff Ponzi scheme. It's just the latest...

It's 'Really, Really Painful'

Reuters | Posted 02.10.2014 | Business

* Dimon says U.S. economic growth can top 3 pct in 2014 * Settling government allegations was best, despite cost * Bank'...

Emails Reveal The Reason Behind JPMorgan's China Hires

Reuters | Posted 02.07.2014 | Business

Dec 7 (Reuters) - Internal JPMorgan Chase & Co emails and computer files being examined by U.S. authorities show that the bank favored hiring peopl...