JPMorgan CEO to testify on $2B-plus trading lossWTOPJamie Dimon, chief executive of the largest U.S. bank, will be asked Wednesday to explain how JPMorgan Chase lost more than $2 billion on risky trades and …
msnbc.comWall Street Shrugs as JPMorgan Trades Lop Off $27 BillionBloombergJPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon plans to testify before Congress this week about his firm's $2 billion trading loss. His Wall Street colle…
msnbc.comWall Street Shrugs as JPMorgan Trades Lop Off $27 BillionBusinessWeekBy Max Abelson on June 10, 2012 JPMorgan Chase & Co. (JPM) (JPM) Chief Executive Officer Jamie Dimon plans to testify before Congress this week about his firm's $2 bi…
msnbc.comDimon heads to DC to explain JP Morgan $2B lossmsnbc.comSo far Jamie Dimon has been contrite, calling the trades that lost JP Morgan $2 billion "sloppy" and saying "egregious mistakes" were made. By Dave Clarke and David He…
New York TimesComptroller: JPMorgan $2B loss due to 'inadequate' controlsUSA TODAYBy Marcy Gordon, AP WASHINGTON – A top federal regulator says JPMorgan Chase had weak controls to contain risk in its investment division that suffered a $2 bil…
Tarullo Says Fed Helping in Oversight of JPMorgan PortfolioBusinessWeekBy Craig Torres on June 05, 2012 Federal Reserve Governor Daniel Tarullo said the central bank is helping oversee JPMorgan Chase & Co.'s management of a portfolio that lost …
JPMorgan Faces $4.2B Trading Loss: ISIBusinessWeek (blog)By Dakin Campbell on June 04, 2012 JPMorgan Chase & Co. (JPM) (JPM), the largest US bank, may report a $4.2 billion second-quarter trading loss in its chief investment office, according to an…
Financial NewsJP Morgan Shares Now Negative for Year as Analysts Add CutsWall Street Journal (blog)According to FactSet Research, nearly three-quarters of the 37 analysts on JP Morgan rate it a buy or the equivalent of buy. Evercore — Downgrade to eq…
Wall Street Journal (blog)Accounting For The JP Morgan Whale TradesForbesAm I shocked that no mainstream media outlet has yet sought to explain in accounting terms the stunning announcement made by Jamie Dimon a week ago last Thursday of a $2 billion l…
The Star-Ledger – NJ.com (blog)JPMorgan Chase loss only going to get worseCNNBy Maureen Farrell @CNNMoneyInvest May 20, 2012: 8:50 PM ET An overall drop in the market is exacerbating JPMorgan's losses tied to its bets on corporate bonds. NEW YORK (…
