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Jpmorgan Chase

JPMorgan Takes Big Hit

AP | By STEVE ROTHWELL | Posted 04.13.2014 | Business

NEW YORK (AP) — JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in inve...

Jamie Dimon Takes Pay Cut For The Legal Mess That Is JPMorgan

AP | By ALEX VEIGA | Posted 04.10.2014 | Business

LOS ANGELES (AP) — JPMorgan Chase & Co. Chairman and CEO Jamie Dimon's total compensation fell 37 percent last year to $11.8 million as the nation's...

Transparency and Reputation: There Is No Place to Hide

Rev. Seamus P. Finn, OMI | Posted 04.07.2014 | Religion
Rev. Seamus P. Finn, OMI

Reputation, brand and image are very important priorities for corporations, organizations and institutions. These characteristics and the products and...

Tyler Kingkade

Chase Changes Its Mind About Condom Company

HuffingtonPost.com | Tyler Kingkade | Posted 03.31.2014 | College

A major payment processing platform is reversing course and agreeing to do business with a startup condom company after all. After initially refusi...

An Open Letter to Jamie Dimon

Jorge Newbery | Posted 03.27.2014 | Business
Jorge Newbery

As consumers continue to suffer, you and your bank continue to profit: Chase earned $21.3 billion in 2013, and you, Mr. Dimon, earned $20 million in the same period.

Report: Potentially Illegal Wall Street Practice Under Investigation

Reuters | Posted 03.25.2014 | Business

March 24 (Reuters) - The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on W...

Tyler Kingkade

The Ridiculous Reason Chase Won't Process Payments For Condoms

HuffingtonPost.com | Tyler Kingkade | Posted 03.23.2014 | College

A major online payment processor is refusing to handle credit card payments for a startup condom company. A representative for Chase Paymentech, th...

JPMorgan To Cut Thousands Of Jobs

Reuters | Posted 02.25.2014 | Business

(Reuters) - JPMorgan Chase & Co , the largest U.S. bank, is reducing both its profit target and headcount in 2014, according to a Tuesday presentation...

Can We Escape Bank Regulation by Lawsuit?

John Fullerton | Posted 02.20.2014 | Business
John Fullerton

When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?

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....

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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.

JPMorgan's Madoff Bill Tops $2.5 Billion

AP | By TOM HAYS and LARRY NEUMEISTER | Posted 03.10.2014 | Business

NEW YORK (AP) — For more than 15 years, there were signs something was amiss with what federal prosecutors in Manhattan call the "703 account" at JP...