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By Cheyenne Hopkins |
March 14, 2013
JPMorgan Chase & Co. engaged in high-risk proprietary trading under the guise of ordinary hedging, said Senate investigators.
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By Silla Brush, Bloomberg |
January 4, 2013
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. won a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from bank units backed by federal deposit insurance.
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By Cheyenne Hopkins, Bloomberg |
December 13, 2012
Volcker rule opponents are making their case for alternatives to the proprietary trading ban at a U.S. House Financial Services Committee hearing as regulators move closer to completing work on the Dodd-Frank Act measure.
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By Carter Dougherty and Cheyenne Hopkins, Bloomberg |
November 2, 2012
Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.
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By Jesse Hamilton, Bloomberg |
September 19, 2012
If big U.S. banks are not forced to sever their investment arms from traditional banking, they will return to behavior that led to the 2008 credit crisis, said FDIC's Hoenig.
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By Ambereen Choudhury and Dawn Kopecki, Bloomberg |
June 28, 2012
JPMorgan Chase & Co. fell more than 6 percent in New York trading after the New York Times reported the lender’s losses from credit derivatives may total as much as $9 billion, exceeding the firm’s initial estimate.
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By Dawn Kopecki, Phil Mattingly and Steven Sloan, Bloomberg |
June 19, 2012
U.S. House members criticized regulators today for failing to detect JPMorgan Chase & Co.’s loss of at least $2 billion on risky derivatives trades and pressed for additional measures to ensure similar losses don’t occur in other banks.
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By Matt Taibbi, Rolling Stone |
June 19, 2012
If not for Oregon’s Jeff Merkley, who was the only senator who understood the importance of taking the right tone with Dimon, the hearing would have been a total fiasco.
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By Alanna Byrne |
June 13, 2012
Testifying before a Senate committee on Wednesday, JPMorgan Chase CEO Jamie Dimon said he was “dead wrong” when he dismissed early reports of the bank’s $2 billion trading loss as “a tempest in a teapot.”
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By Dawn Kopecki, Phil Mattingly and Clea Benson, Bloomberg |
June 13, 2012
U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses.
