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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.
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By Dawn Kopecki and Phil Mattingly, Bloomberg |
June 12, 2012
JPMorgan CEO Jamie Dimon said traders in a London unit responsible for a $2 billion loss didn’t understand the risks they were taking and weren’t properly monitored.
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By Max Abelson, Bloomberg |
June 11, 2012
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to testify before Congress this week about his firm’s $2 billion trading loss. His Wall Street colleagues don’t understand why.
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By Max Abelson |
June 10, 2012
The firm's loses have sliced $27 billion from JPMorgan’s market value since the May 10 disclosure, while triggering at least five federal probes.
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By Phil Mattingly and Cheyenne Hopkins, Bloomberg |
June 6, 2012
JPMorgan Chase & Co.’s trading loss of more than $2 billion points to failures in the bank’s risk- management practices, U.S. regulators told lawmakers today.
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By Cheyenne Hopkins and Caroline Salas Gage, Bloomberg |
June 4, 2012
When is a hedge not a hedge? That’s the question regulators are confronting after JPMorgan Chase & Co. reported a $2 billion trading loss from a position Dimon called a “hedge.”
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By Bradley Keoun, Bloomberg |
June 2, 2012
Bruno Iksil, known as the London Whale because his bets this year were so large, has been a leviathan of a risk-taker since at least 2010, reports say.
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By Joshua Gallu, Bloomberg |
May 24, 2012
U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. and determined that they will probably not recommend any enforcement action against the firm or its former executives.
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By Phil Mattingly and Bradley Keoun, Bloomberg |
May 11, 2012
U.S. lawmakers and interest groups favoring tighter restrictions on proprietary trading said JPMorgan Chase & Co.’s $2 billion loss on synthetic credit securities bolsters their case.
