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Jpmorgan Chase London Whale

Today's Bank Bailout Risk: Why Didn't We Stop This?

Janet Tavakoli | Posted 02.21.2014 | Business
Janet Tavakoli

The U.S. did not enforce existing securities laws, so no one should have confidence that new Dodd-Frank rules will have any meaningful impact. The U.S. banking system seems to have captured its regulators, Congress and the Treasury.

The Daily Szep -- JPMorgan

Paul Szep | Posted 12.29.2013 | Business
Paul Szep

2013-10-29-JPmorganfinesdanzig.jpg

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...

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.

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...

'London Whale' Bruno Iksil Won't Be Prosecuted By Justice Department: WSJ

Posted 08.13.2013 | Business

Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports, citing a person close to...

More Proof It Doesn't Pay To Be An Underling In Banking

The Huffington Post | Mark Gongloff | Posted 08.13.2013 | Business

As usual, it does not pay to be one of the little guys in banking. U.S. authorities are reportedly hot on the trail of a couple of former JPMorgan ...

What Should We Think About the Arrests at JPMorgan Chase?

Richard (RJ) Eskow | Posted 10.12.2013 | Politics
Richard (RJ) Eskow

Let's be clear: These arrests are a good thing. Justice demands that anyone, no matter who they are, be made to answer for their deeds. But unless these arrests lead to further action -- action that's decisive and effective -- they won't nearly be enough.

Report: Ex-JPMorgan Employees To Be Arrested Over 'London Whale' Scandal

Posted 08.09.2013 | Business

Two former JPMorgan Chase employees are expected to be arrested for their role in the so-called "London Whale" scandal that lost the bank roughly $6.2...

Dimon Makes Jaw-Dropping Claim About The London Whale

The Huffington Post | Mark Gongloff | Posted 06.11.2013 | Business

Jamie Dimon and the Senate Permanent Subcommittee On Investigations apparently have somewhat different understandings of what "hiding, lying and bulls...

The Wall Street Journal Rides to the Rescue of Jamie Dimon

Raymond J. Learsy | Posted 07.13.2013 | Business
Raymond J. Learsy

In a scolding editorial yesterday, "Targeting Jamie Dimon," the WSJ berates the "activist shareholders and the ususal media scolds pushing for JP Morgan to strip Mr. Dimon of his Chairman's role in the name of better corporate governance..."

Dimon: London Whale Was 'The Stupidest And Most Embarrassing Situation'

The Huffington Post | Posted 04.11.2013 | Business

OK Jamie, we get it: you are very, very embarrassed about the whole London Whale debacle. In a letter to shareholders released Wednesday, JPMorgan...

Dimon Is Forever

Christopher Brauchli | Posted 05.30.2013 | Politics
Christopher Brauchli

JP Morgan Chase did a good thing and everyone should applaud. Its good thing was noted at the same time its bad things were making news. A good thing too. The good thing came within days of Senate hearings that would have caused all but Jamie Dimon to think there was little good to be said for the institution.

JPMorgan Board's Abject Failure of Oversight

Raymond J. Learsy | Posted 05.23.2013 | Business
Raymond J. Learsy

In a classic example of crony board behavior, in spite of the grossly embarrassing Senate hearings highlighting massive fissures in JP Morgan's trading oversight and management, the Board of Directors said on Friday they would continue to support Mr. Jamie Dimon as BOTH the bank's Chairman and Chief Executive.

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...

Mark Gongloff

JPMorgan Execs HAMMERED In Hearing

HuffingtonPost.com | Mark Gongloff | Posted 03.15.2013 | Business

Like some kind of tireless, question-asking robot, Sen. Carl Levin (D-Mich.) grilled JPMorgan Chase executives relentlessly for close to four hours on...

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...

JPMorgan Emails Reveal Attempts To Ignore Rules That Curb Risk

Reuters | Emily Flitter | Posted 03.15.2013 | Business

* Quantitative expert suggested change in risk calculations * Bank risk group warned discussion should be kept out of email * Senate report expe...

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...

Ben Hallman

Damning Report Slams Bank's Top Execs

HuffingtonPost.com | Ben Hallman | Posted 03.15.2013 | Business

A scathing report released by a Senate panel Thursday shows the financial crisis never really abated: The forces that delivered it -- a toxic combinat...

New Twist In London Whale Scandal

Reuters | Posted 03.31.2013 | Business

* Investment bank bet against CIO in derivatives market * Bank said to have discussed merging opposing trade books * Opp...

JPMorgan Settles 'London Whale' Lawsuit

Reuters | Posted 03.18.2013 | Business

By Kirstin Ridley LONDON, Jan 16 (Reuters) - JPMorgan Chase & Co has reached an out-of-court settlement over its lawsuit against the ...

Haunted By The Whale

Reuters | Posted 10.31.2012 | Business

(Repeats without changes to headline or text) * U.S. investigators interviewing former JPM employees * Trans-Atlantic tr...

The Whale's Boss Under Fire

The Huffington Post | Alexander Eichler | Posted 08.03.2012 | Business

Everyone has a boss, even the London whale. Sources close to the investigation of JPMorgan Chase's $5.8 billion trading loss say the man made notor...

Guys, It's Okay To Buy JPMorgan Stock Because Jamie Dimon Is Doing It Too

AP | Posted 09.19.2012 | Business

NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon is boosting his stake in the bank by 360,000 shares. A regulatory filing Friday says D...