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Jpmorgan London Whale

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...

How Much Will JPMorgan Pay For 'London Whale' Losses?

Reuters | Posted 09.19.2013 | Business

U.S. and UK regulators are expected to announce a civil settlement as soon as Thursday of their investigations into JPMorgan Chase & Co's "London Whal...

JPMorgan Still Has A Huge Problem On Its Hands

Reuters | Posted 11.17.2013 | Business

By Emily Flitter and Matthew Goldstein NEW YORK, Sept 17 (Reuters) - U.S. prosecutors are still looking into events surrounding JPMorg...

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 ...

JPMorgan Agrees To Pay At Least $750 Million In Fines For 'Whale' Losses: Report

Posted 09.16.2013 | Business

JPMorgan Chase, the nation's biggest bank by assets, has reportedly agreed to pay at least $750 million in fines as a result of the 'London Whale' sca...

Exec Expects To Be Cleared In 'Whale' Probe

Reuters | Posted 08.13.2013 | Business

(Reuters) - Javier Martin-Artajo, a former JPMorgan Chase & Co executive, said on Tuesday he expects to be cleared of wrongdoing in investigations of...

'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 ...

JPMorgan Exec Gets Free Pass

Reuters | Emily Flitter and David Henry | Posted 08.09.2013 | Business

NEW YORK, Aug 8 (Reuters) - The trader at the center of JPMorgan Chase's $6.2 billion trading loss last year will not face U.S. charges related to the...

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...

Another Exec Leaves After Multi-Billion Dollar Scandal

AP | Posted 04.28.2013 | Business

NEW YORK -- JPMorgan Chase & Co. said Sunday that one of its co-chief operating officers is leaving the company, marking the latest high-profile depar...

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.

Ben Hallman

Experts: JPMorgan Could Be In Serious Legal Trouble After 'London Whale' Blowup

HuffingtonPost.com | Ben Hallman | Posted 03.16.2013 | Business

Before Thursday, the fallout from JPMorgan Chase's $6.2 billion losses from the "London Whale" trade seemed limited to a scuffed reputation and some u...

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...

Eleazar David Melendez

Traders Bullied Colleagues As Large Losses Became Apparent

HuffingtonPost.com | Eleazar David Melendez | Posted 03.15.2013 | Business

As top executives inside a JP Morgan trading unit confronted massive losses on derivatives, they were so desperate to limit the damage that they did m...

Bonnie Kavoussi

Damning Email Reveals Dimon's Role In Trading Fiasco

HuffingtonPost.com | Bonnie Kavoussi | Posted 03.15.2013 | Business

Jamie Dimon’s email response was direct and to the point. “I approve,” he wrote to an oversight body within his enormous bank, JPMorgan Chase, t...

Lehman Creditors May Hunt 'London Whale'

Reuters | Nick Brown | Posted 03.13.2013 | Business

NEW YORK (Reuters) - A bankruptcy judge on Wednesday gave creditors of Lehman Brothers the green light to subpoena former JPMorgan Chase & Co trader B...

No Plan B For The Debt Ceiling

The Huffington Post | Jillian Berman | Posted 01.14.2013 | Business

Mark Gongloff is off the newsletter this morning so today's 7.5 Things are brought to you by Jillian Berman. Thing One: There's No Plan B This Time...

London Whale Threatens Jamie Dimon's Bonus

The Huffington Post | Jillian Berman | Posted 01.13.2013 | Business

JPMorgan Chase will likely slash the bonus of its CEO Jamie Dimon over the bank's major trading loss earlier this year, according to a Wall Street Jou...

Shockingly, Fiscal Cliff Plan That Makes No One Happy Fails

The Huffington Post | Jillian Berman | Posted 12.21.2012 | Business

Mark Gongloff is off the newsletter this morning, so today's 7.5 Things are brought to you by Jillian Berman. Science has determined that people ...

Let's Settle This Little Bank Mess Discreetly, Please

The Huffington Post | Jillian Berman | Posted 08.10.2012 | Business

Thing One: Let's Settle This In Private: British officials are hoping they can convince Washington regulators to settle this whole U.K.-bank-launderin...

Mark Gongloff

Jamie Dimon Avoids Hard Questions At Hearing

HuffingtonPost.com | Mark Gongloff | Posted 06.13.2012 | Business

There were lots of remarkable questions during Jamie Dimon's Senate Banking Committee hearing -- remarkable mainly for how easy people were on the hea...

JPMorgan Risk Committee Missing People With Experience Monitoring Risk

The Huffington Post | Jillian Berman | Posted 05.25.2012 | Business

Apparently running a museum is enough to qualify you to judge whether a bank's risk is too big. At least according to JPMorgan Chase. The committe...

JPMorgan Hires Ex-Government Enforcer To Help Probe Loss

Reuters | Posted 07.22.2012 | Business

May 22 (Reuters) - JPMorgan Chase & Co has hired former U.S. Securities and Exchange Commission enforcement chief William McLuca...

Hunter Stuart

WATCH: The Jamie-Dimon-Hates-Regulation Mashup

HuffingtonPost.com | Hunter Stuart | Posted 12.13.2012 | Business

As one of the only banks that remained profitable during the financial crisis of 2008, JPMorgan was considered by many to be the sturdiest bank in the...