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Jp Morgan Chase

Ghosts of Enron

Mike Lux | Posted 07.03.2013 | Politics
Mike Lux

The ghosts of the Enron Corporation are haunting us still, and they are a lot scarier than any horror movie ghosts because, unlike the Hollywood variety, these ghosts still have enough substance to cause an economic nightmare.

Mark Gongloff

JPMorgan Chase Regulatory Troubles Now Even More Troubling

HuffingtonPost.com | Mark Gongloff | Posted 05.03.2013 | Business

JPMorgan Chase's many regulatory troubles are once again hurting the bank's stock. At some point you have to ask, when do they hurt management, too? ...

SEC Taps Wall Street Lawyer to Police Wall Street

Project On Government Oversight | Posted 06.24.2013 | Politics
Project On Government Oversight

The appointment comes as no surprise because the agency typically draws regulators from the ranks of the regulated. But it does illustrate a significant problem: by relying so heavily on people with industry connections, the SEC can tangle itself in conflicts of interest.

Ben Hallman

New Wall Street Regulator To Sit Out Key Enforcement Decisions

HuffingtonPost.com | Ben Hallman | Posted 04.08.2013 | Business

Wall Street has a new top watchdog, but it isn't clear whether she will be in the room as her agency makes key decisions about whether to pursue some ...

Banks' Future Legal Bills Get Smaller Every Day

Mark Gongloff | Posted 06.04.2013 | Business
Mark Gongloff

Big banks' future legal bills just keep getting smaller all of the time. In the latest boon from the bench, JPMorgan Chase on Wednesday convinced U.S. District Judge Jed Rakoff to dismiss the vast majority of claims brought against it by Dexia, slashing JPMorgan's potential liability in the case to $5.7 million from $774 million, according to JPMorgan's lawyer.

WalMart Is Finally (Sort Of) a Bank

Ron Galloway | Posted 05.28.2013 | Business
Ron Galloway

WalMart really did, this time, finally get its bank. But will it work for them as a business? Should they be in the banking business at all?

Mark Gongloff

JPMorgan Wins Actual Award For $6 Billion Loss

HuffingtonPost.com | Mark Gongloff | Posted 03.22.2013 | Business

What's dumber than JPMorgan Chase losing $6 billion in credit derivatives, along with its sterling reputation for crisis management? Giving JPMorgan a...

No Missile Attacks From Jamie Dimon: Tell Congress to Protect Us!

Marty Robins | Posted 05.21.2013 | Politics
Marty Robins

Events of the past week indicate why Congress and President Obama need to hear from our citizenry their dissatisfaction with their disregard of American vital interests.

Mark Gongloff

Regulator Gives JPMorgan Execs Bad Grades

HuffingtonPost.com | Mark Gongloff | Posted 03.20.2013 | Business

If you regularly insult and belittle your teacher, argue over whether to hand in homework and flunk the midterm exam, what grade do you expect to get?...

Consumer Reports Got It Dangerously Wrong on Identity Theft

Adam Levin | Posted 04.03.2014 | Business
Adam Levin

These risks are very real. Identity theft continues to morph and evolve in complexity and gains even greater traction with more organized criminal enterprises as their crime of choice. So you can imagine my frustration when I read the article in Consumer Reports.

The JPMorgan Congressional Inquisition; 'Deja-Vu' All Over Again

Raymond J. Learsy | Posted 05.15.2013 | Business
Raymond J. Learsy

JP Morgan has finally, finally been brought up to account in the congressional hearings yesterday. Senators Levin and McCain could barely contain their disdain and outrage suffering the self-serving and evasive responses to their incisive and deeply prepared questioning.

Mark Gongloff

Dimon Allegedly Tells Regulators: 'I Don't Think You Need This Amount Of Detail'

HuffingtonPost.com | Mark Gongloff | Posted 03.15.2013 | Business

JPMorgan CEO Jamie Dimon reacted angrily when he found out that JPMorgan Chase's chief financial officer had given regulators data on JPMorgan's inves...

As Senators Roast JPMorgan Chase, Are The Winds Shifting for Diamond Jamie?

Richard (RJ) Eskow | Posted 05.15.2013 | Politics
Richard (RJ) Eskow

Forgive us if we begin our discussion of the Senate Subcommittee for Investigation's JPMorgan Chase hearing with a small victory lap, but as they say down South, "It ain't braggin' if it's true."

Mark Gongloff: JPMorgan's Sheer Gall On Full Display

The Huffington Post | Mark Gongloff | Posted 03.15.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Since When Did Megabanks Become Your Evil Step-Mother?

Adam Levin | Posted 05.11.2013 | Business
Adam Levin

Banks say transaction reordering is not simply a new way to squeeze profits from unsuspecting customers. They claim that by processing the largest transactions first, they're actually doing us a solid.

Eleazar David Melendez

Jamie Dimon Rewrites History

HuffingtonPost.com | Eleazar David Melendez | Posted 03.01.2013 | Business

Jamie Dimon now claims that he and his bank, JPMorgan Chase, labored to prevent the 2008 collapse of Lehman Brothers, according to documents filed in ...

Mark Gongloff

Jamie Dimon: My Bank Thrives On Your Pain

HuffingtonPost.com | Mark Gongloff | Posted 02.27.2013 | Business

Like most soft-spined Americans, you probably have painful memories of the financial crisis and consequent recession. Perhaps you even think of those ...

Jamie Dimon's Favorite Movie Is 'Apocalypse Now'

Mark Gongloff | Posted 04.24.2013 | Business
Mark Gongloff

So here's one way the World Economic Forum in Davos is not entirely useless: It gave Fox Business Network's Liz Claman the chance to ask several CEOs to name their favorite movies. The results of this brilliant exercise are revealing. For example, did you know that Jamie Dimon's favorite movie is "Apocalypse Now"? It's true.

JPMorgan Being Probed Over Failed Bank's Role In Financial Crisis

Reuters | Posted 02.20.2013 | Business

By Karen Freifeld and Aruna Viswanatha (Reuters) - The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Ste...

Campaign To Oust Jamie Dimon As Bank Chairman Gets New Push

The Huffington Post | Mark Gongloff | Posted 02.20.2013 | Business

The London Whale could cost Jamie Dimon at least one of his jobs. A group of JPMorgan Chase investors, including the AFSCME Employees Pension Plan,...

10 States that Gouge the Unemployed (and the Existing Solution)

Adam Levin | Posted 04.17.2013 | Politics
Adam Levin

If you take a look at the way the following states allow unemployment benefits to be nickeled and dimed by megabank prepaid card programs you will see why it's time to change the system.

9 Emails Wall Street Hoped You'd Never See

The Huffington Post | Caroline Fairchild | Posted 02.11.2013 | Business

It's 2013, and Wall Street still doesn't seem to understand that emails and privacy typically don't mix well. Last week, the Justice Department fi...

What Jamie Dimon Won't Say About Taxes

The Huffington Post | Catherine New | Posted 12.14.2012 | Business

Jamie Dimon, JPMorgan Chase’s chief executive, has been out front among Wall Street chiefs in supporting higher tax rates on individual taxpayers as...

Jamie Dimon's Decision Time: Statesman or Continued Shill?

Dennis M. Kelleher | Posted 01.07.2013 | Business
Dennis M. Kelleher

Will Jamie see how self-defeating such an approach and attitude ultimately is? Will Wall Street move even lower in the opinion of the American people? Those are the questions confronting Jamie and Wall Street at this electoral cross roads.

Sandy's Impact on the Flexible Workplace

Eve Tahmincioglu | Posted 01.01.2013 | Business
Eve Tahmincioglu

Unfortunately, sometimes it takes a disaster to change perceptions when it comes to how workers work and what makes sense for employers.