As reports that the JPMorgan Chase trading debacle may lead to losses of $9 billion, it's critical that our nation understand what is, and is not, acceptable behavior for a bank in our capitalist economy.
NEW YORK -- JPMorgan Chase stock declined more than 2 percent on Thursday, making it one of the worst-performing banks, after a published report said ...
A recent court case proves what many of us have long suspected: Big banks have been ripping off this nation's towns and cities for years in an old-fashioned racketeering scam.
When Dimon couldn't deny, he would dissemble, making the job of the already over-stretched and under-informed lawmakers even more difficult. But there were still a few moments of illumination.
The American Robin Hoods are seeking economic justice. They want Congress to resurrect the financial transactions tax. Britain, home of Robin Hood, already charges a form of it. Ten European Union countries plan to institute it. America needs it.
Greenspan sprung to the aid of the Wall Street Mafia by proclaiming loud and clear there is no need to return to the Glass-Steagall Act and all it would imply in restricting the proprietary trading of banks: "Glass-Steagall was never a useful vehicle."
Many Americans re-adopted a mythology about wealth that had been discredited and abandoned by most of the world in the 20th century. We need to transform ourselves, remove the blinders, and see things as they really are.
Wall Street can't have it both ways -- too big to fail, and also able to make wild bets anywhere around the world. If Wall Street banks demand a free rein overseas, the least we should demand is they be broken up here.
Jamie Dimon is the Bill Brasky of Wall Street: So awesome that rival bank CEOs sit around and tell tall tales about him. Now they've got another story...
WASHINGTON -- Some of the toughest questions for JPMorgan Chase CEO Jamie Dimon during Tuesday's House Financial Services Committee hearing came from ...
WASHINGTON -- A janitor from Texas confronted JPMorgan Chase CEO Jamie Dimon after a congressional hearing on Tuesday, asking the finance executive wh...
Once again, untold thousands of your taxpayer dollars were spent on Tuesday on another hearing involving lawmakers, many with JPMorgan Chase campaign ...
It has become popular to write about efforts to polish the profiles of bank CEOs. But take a look at the accounts of regulatory hijacking by the industry, or the revolving door between industry, regulatory and government representatives.