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Jamie Dimon

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...

America's Ruling Class Hall of Shame

Peter Dreier | Posted 11.22.2013 | Politics
Peter Dreier

Even among the few thousand members of the power elite, there are a small number whose influence is greater than the others. Here is a list of the 20 most influential members of the power elite.

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 ...

Jamie Dimon Just Lost Some Of His Power

Reuters | David Henry | Posted 11.09.2013 | Business

(Reuters) - JPMorgan Chase & Co's board, under fire for the bank's trading losses and myriad government probes, said on Monday that it was adding two...

JPMorgan Builds Cash Pile As Legal Troubles Mount

Reuters | Posted 09.09.2013 | Business

(Reuters) - The chief financial officer of JPMorgan Chase & Co said on Monday that the company will build its litigation reserves in the third quarte...

JPMorgan May Pay Minnow-Sized Settlement For Whale Loss

Reuters | Posted 10.28.2013 | Business

By Emily Flitter NEW YORK, Aug 28 (Reuters) - JPMorgan Chase & Co is in talks with a group of regulators, including U.S. prosecutors, ...

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars

HuffingtonPost.com | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...

Why Jamie Dimon Should Resign as CEO of JPMorgan Chase

Sanjay Sanghoee | Posted 10.22.2013 | Business
Sanjay Sanghoee

There are simply too many questions about the ethics of this bank and its CEO to be ignored anymore. At the very least, a major house cleaning should be on the agenda to move forward.

Bankers' Games: Manipulation and 'Litigation'

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

By the time Congress holds a hearing to wag a finger in an executive's face (right after lauding him), by the time a fringe-dwelling show-trial is launched by the SEC and DOJ, by the time a junior scapegoat is indicted, the damage to investment portfolios will be fully realized. The lesson here is that you are on your own.

Feds Open Bribery Investigation

Reuters | Posted 08.18.2013 | Business

(Reuters) - U.S. authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help i...