JPMorgan Traders May Have Hidden Losses, Could Face Criminal ChargesHuffington PostJPMorgan may lose as much as $1.7 bln more in CIO trades * CIO will now focus on conservative investments * Q2 net EPS $1.21 vs $1.27 year earlier * Shares up 5.9 percen…
Financial PostJPMorgan traders may have hidden derivatives lossesReutersJPMorgan may lose as much as $1.7 bln more in CIO trades* CIO will now focus on conservative investments* Q2 net EPS $1.21 vs $1.27 year earlier* Shares up 5.9 percentBy David Henr…
San Francisco ChronicleJPMorgan traders may have sought to conceal lossesSan Francisco ChronicleThe bank said an internal investigation had uncovered evidence that led executives to "question the integrity" of the values, or marks, that trade…
JPMorgan traders may have sought to conceal lossesHouston ChronicleAll eyes will be on JPMorgan Chase on Friday, when it becomes the first U.S. bank to report financial results for April through June. The $2 billion trading loss by the largest U.S. ban…
JPMorgan's Growing Loss Shakes Investor FaithNPRTraders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the …
JPMorgan loss grows to $5.8 billionColumbia Daily TribuneNEW YORK (AP) — JPMorgan Chase said today that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly tri…
BloombergS&P 500 Erases Weekly Loss on JPMorgan Rally, China SpeculationSan Francisco ChronicleJPMorgan surged 5.8 percent to lead gains in the Dow Jones Industrial Average after Chief Executive Jamie Dimon said the bank will still likely have reco…
JPMorgan traders may have hidden derivatives lossesReuters(Reuters) – JPMorgan Chase & Co said its traders may have deliberately hidden losses that have since climbed to $5.8 billion for the year, in a development that may result in criminal charge…
KGMIJPMorgan profit falls on $4.4 billion trading lossKGMIJPMorgan profit falls on $4.4 billion trading loss. JPMorgan Chase & Co, the biggest U.S. bank, said it had generated $4.4 billion of credit trading losses. Romney camp steps up response to …
AdvisorOneJPMorgan, Wells results boosted by mortgage businessReuters(Reuters) – JPMorgan Chase & Co and Wells Fargo & Co reported strong growth in their mortgage lending businesses and lower loan losses on Friday, offering signs of improvement…