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Jpmorgan

NYT: Regulatory Issues Dog JPMorgan

Dealbook | JESSICA SILVER-GREENBERG and BEN PROTESS | Posted 05.03.2013 | Business

Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful...

JPMorgan Investors Have Had Enough: CEO Can't Be His Own Boss

Reuters | Posted 06.15.2013 | Business

NEW YORK, April 15 (Reuters) - JPMorgan Chase & Co should split the roles of chairman and chief executive officer to restore credibility with regul...

JPMorgan Profits Hit Record High

AP/HuffPost | Posted 06.12.2013 | Business

NEW YORK -- JPMorgan Chase, the country's biggest bank by assets, says its first-quarter earnings soared, even as revenue fell slightly. The bank m...

Dow Working On Comeback After Decline

AP | STEVE ROTHWELL | Posted 06.04.2013 | Business

NEW YORK — The Dow Jones industrial average closed higher Thursday, regaining half of its decline the day before, as buyers returned to the mark...

HUGE Win For Big Banks

Reuters | Nate Raymond | Posted 03.29.2013 | Business

NEW YORK (Reuters) - A judge on Friday dismissed a "substantial portion" of claims facing a number of banks in a barrage of lawsuits accusing them of ...

Matt Taibbi: JPMorgan Hearings Show 'We Have Absolutely No Idea What's Going On'

The Huffington Post | Bonnie Kavoussi | Posted 03.26.2013 | Business

If there's been one positive result of the largest U.S. bank grappling with $6.2 billion in trading losses, perhaps it's everyone else learning how li...

Report: JPMorgan Criminal Probe In 'Advanced Stages'

The Huffington Post | Posted 03.23.2013 | Business

CNBC is reporting that the Department of Justice is in "advanced stages" of a criminal probe into the JPMorgan Chase "London Whale" trades, investigat...

Jamie Dimon Gets Big Pay Cut

AP | Posted 05.22.2013 | Business

NEW YORK (AP) — The CEO of JPMorgan Chase, Jamie Dimon, received $18.7 million in compensation last year, according to regulatory documents the coun...

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?...

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...

Ex-Bailout Watchdog: JPMorgan's Actions 'Entirely Consistent With Fraud'

The Huffington Post | Bonnie Kavoussi | Posted 03.15.2013 | Business

Neil Barofsky, the former watchdog for the government's financial crisis bailout program, tweeted Friday that JPMorgan Chase appears guilty of "fraud,...

Eleazar David Melendez

The Unknown Junior Trader Who Challenged The London Whale

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

Julien Grout was nowhere to be seen in the Senate hearing room on Friday. But behind the scenes, this largely unknown figure had much to do with why h...

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...

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...

Fed: JPMorgan, Goldman Sachs Plans Are Weak

AP | CHRISTINA REXRODE | Posted 05.14.2013 | Business

NEW YORK — JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday, giving the ...

Stress Tests Show Bank Regulators' Frailty

Reuters | Posted 05.09.2013 | Business

HBEAT-MESSAGE @ 2013-03-11 18:43:03 +0000. Generated from NTM heartbeat by HTCP-JANMDN01B....

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,...

POGO Sticks It to the SEC

Bill Moyers | Posted 04.21.2013 | Politics
Bill Moyers

Join us for our latest episode of "As the Door Revolves," in which the door spins even faster between the SEC and big business. It's called "regulatory capture" -- the takeover of government agencies by the very corporations they're supposed to keep an eye on.

Zach Carter

Former Government Regulators Help Keep Banks Too Big To Fail

HuffingtonPost.com | Zach Carter | Posted 02.11.2013 | Politics

WASHINGTON -- The steady flow of officials from the Securities and Exchange Commission into top corporate jobs feeds a regulatory culture of weak law ...

Docs Reveal Shady JPMorgan Moves

The Huffington Post | Bonnie Kavoussi | Posted 02.07.2013 | Business

JPMorgan Chase CEO Jamie Dimon has tried his best to suggest that the financial crisis was someone else's fault. But a batch of court documents releas...

What JPMorgan's Recently Released Internal Reports Unintentionally Say

John Fullerton | Posted 04.08.2013 | Business
John Fullerton

That regulators condone the continued use of VAR models and get pushed around on tougher capital and liquidity limits can only mean one thing: they have concluded that it's simply too dangerous to the system to reveal that the emperor has no clothes.

JPMorgan Has A Secret Money Lair

The Huffington Post | Bonnie Kavoussi | Posted 02.05.2013 | Business

JPMorgan Chase has a "money room" stored away in Florida, where it moves trillions of dollars every day, CEO Jamie Dimon said at a conference Monday,...

Here's What Every Business Can Learn From JPMorgan's $6.2 billion Mistake

Michael Kerman | Posted 04.01.2013 | Business
Michael Kerman

If there is a single, important lesson we can take away from the JPMorgan fiasco, it's this: Old approaches are out, and automation is in. The old approach of controlling and analyzing a business via spreadsheet-driven tools and processes is over.