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By Dawn Kopecki, Robert Schmidt and Cheyenne Hopkins, Bloomberg |
September 6, 2012
JPMorgan Chase & Co.’s wrong-way bets on derivatives are the focus of an escalating probe by a U.S. Senate panel led by Carl Levin that has grilled executives from banks including Goldman Sachs Group Inc. and HSBC Holdings Plc.
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By Dawn Kopecki, Bloomberg |
July 13, 2012
JPMorgan Chase & Co., the largest U.S. bank, reported a $4.4 billion trading loss in its chief investment office, bigger than analysts estimated
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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 Rick Green, Bloomberg |
June 12, 2012
Here’s a chronology of events leading to the disclosure and aftermath of JPMorgan's $2 billion 'hedging' loss.
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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 JESSICA SILVER-GREENBERG and NELSON D. SCHWARTZ, NY Times |
May 21, 2012
Ever since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk management could err so badly.
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By Lisa Abramowicz and Dawn Kopecki, Bloomberg |
May 21, 2012
Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. unit that suffered more than $2 billion in trading losses, was fired by another Wall Street firm in 2007 for money-losing bets that prompted a regulatory sanction at the firm, Cantor Fitzgerald LP, three people with direct knowledge of...
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By Laura Marcinek, Donal Griffin and Dawn Kopecki, Bloomberg |
May 15, 2012
JPMorgan Chase & Co., the biggest U.S. bank, will consider reclaiming incentive pay from employees including former Chief Investment Officer Ina Drew after her unit had a $2 billion trading loss.
