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Jpmorgan Chase

JPMorgan To Pay $100 Million Over 'Whale' Charges

Associated Press | Posted 01.23.2014 | Business

WASHINGTON (AP) — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that it "recklessly" distorted prices during a series o...

Senior JPMorgan Trader Under Fire

Reuters | Posted 01.23.2014 | Business

Oct 14 (Reuters) - British authorities investigating potential manipulation in the currency markets are looking at the role of a senior trader at JP...

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...

JPMorgan Reports $380 Million Loss

Reuters | Posted 10.11.2013 | Business

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a rare quarterly loss after incurring $9.2 billion in legal expenses, incl...

The Cost of Trust

Chris Komisarjevsky | Posted 01.23.2014 | Business
Chris Komisarjevsky

The perception is that trust has been abused. Reputation has been damaged. And now, if the bank can get this behind them, there is the opportunity to start down the long road and rebuild trust and reputation.

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.

The $4 Billion Question: Do We Value JPMorgan More Than Consumer Protection?

Francisco Enriquez | Posted 01.23.2014 | Business
Francisco Enriquez

Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?

Zach Carter

Wall Street Deregulation Likely To Attract Bipartisan Support | Zach Carter | Posted 10.01.2013 | Politics

WASHINGTON -- When the drama surrounding a government shutdown abates, the House of Representatives expects to take up legislation to expand taxpayer ...

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...

JPMorgan Is Racing To Move Past Its Legal Woes

Reuters | Posted 09.25.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co, facing several investigations into its mortgage practices, is seeking a global settlement with U.S. governme...

13 Banks Sued Over Libor Manipulation

Reuters | Karen Freifeld | Posted 11.24.2013 | Business

NEW YORK, Sept 23 (Reuters) - A U.S. credit union regulator on Wednesday sued 13 banks over alleged manipulation of LIBOR, claiming credit unions lost...

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.

A Chastened Morgan Chase?

Christopher Brauchli | Posted 11.21.2013 | Politics
Christopher Brauchli

Jamie Dimon still has an annual salary of $1.5 million in cash and $10 million in stock. He still has the confidence and respect of people who matter. Not people like me.

JPMorgan Chase: "Incredibly Guilty"

Richard (RJ) Eskow | Posted 11.20.2013 | Politics
Richard (RJ) Eskow

Fairness demands that we say it again: It may very well be that leadership team at JPMorgan Chase is  shocked -- shocked! -- at all this criminality, and may simply lack the basic managerial skills needed to end it.

Lawsuit Accuses JPMorgan Of Exposing Social Security Numbers

Reuters | Posted 11.20.2013 | Business

By Dena Aubin NEW YORK, Sept 20 (Reuters) - JPMorgan Chase & Co has been hit with a proposed class action lawsuit accusing it of pri...

Why the American Economy Is a House of Cards

Sanjay Sanghoee | Posted 11.19.2013 | Business
Sanjay Sanghoee

The American economy today is a house of cards, wherein each added layer of cards at the top increases the pressure on the lower tiers and threatens the stability of the entire structure.

JPMorgan To Refund Over 2 Million Credit Card Customers

The Huffington Post/ Reuters | Posted 09.19.2013 | Business

WASHINGTON (Reuters) - U.S. bank regulators on Thursday ordered JPMorgan Chase & Co to correct its debt collection and other credit card procedures a...

SHOCK: Dimon Finally Admits His Bank Broke The Law

The Huffington Post | Mark Gongloff | Posted 09.19.2013 | Business

In the years since the financial crisis, we may not have solved too big to fail, sent any bankers to jail, or done much to prevent another financial c...

JPMorgan To Pay $920 Million To Settle London Whale Charges

Posted 09.19.2013 | Business

JPMorgan Chase, the nation's largest bank by assets, will pay $920 million in penalties related to its 'London Whale' trading fiasco, which cost the b...

How Much Will JPMorgan Pay For 'London Whale' Losses?

Reuters | Posted 09.19.2013 | Business

U.S. and UK regulators are expected to announce a civil settlement as soon as Thursday of their investigations into JPMorgan Chase & Co's "London Whal...

Dimon On JPMorgan's Legal Issues: Brace For 'More To Come'

Reuters | Posted 11.17.2013 | Business

NEW YORK, Sept 17 (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon said the largest U.S. bank is bracing for more legal and regulatory s...

Ex-Traders Indicted In 'London Whale' Scandal

Reuters | Jonathan Stempel | Posted 09.17.2013 | Business

NEW YORK (Reuters) - A U.S. grand jury has indicted two former JPMorgan Chase & Co traders at the center of the bank's "London Whale" scandal, court ...

U.S. Banks Say They Are Now Safer (By Their Own Measure)

Reuters | Lauren Tara LaCapra and Peter Rudegeair | Posted 11.16.2013 | Business

By Lauren Tara LaCapra and Peter Rudegeair NEW YORK, Sept 16 (Reuters) - The biggest U.S. banks, including JPMorgan Chase & Co and Ban...

JPMorgan Agrees To Pay At Least $750 Million In Fines For 'Whale' Losses: Report

Posted 09.16.2013 | Business

JPMorgan Chase, the nation's biggest bank by assets, has reportedly agreed to pay at least $750 million in fines as a result of the 'London Whale' sca...