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Allan Powell: Classical economics hits a 'bump'
The recent disclosure of JP Morgan Chase’s losses of more than $2 billion in a few weeks generated two types of alarm. One was that we were too lax in our regulatory measures that restrain risky investment bank speculation. Others were alarmed about...Tags: Investment Service, Litigation and Regulation, Investments, Christopher Dodd, Paul Volcker
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It takes talent to lose $2 billion
“We are going to pay competitively; we need top talent, you cannot run this business on second-rate talent.” — JPMorgan Chase CEO Jamie Dimon It probably does take top talent. I doubt most of us could lose $2 billion if we tried. So...Tags: Economy, Business and Finance, JPMorgan Chase & Co., Companies and Corporations, Investments, Finance
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Robert B. Reich: Of bedrooms and boardrooms
Some want the 2012 election to be about regulating America's bedrooms. But it really ought to be about regulating the nation's boardrooms. The bedroom regulators are on the move. Republicans don't want same-sex marriage. Mitt Romney says he's against it,...
Tags: Republican Party, Politics, JPMorgan Chase & Co., Crime, Law and Justice, Values
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Yahoo, JP Morgan Chase in turmoil after scandals
Like "The Killer," Jerry Lee Lewis, says, "there's a whole lotta shakin' goin' on" at JP Morgan Chase. CEO Jamie Dimon still has his job, even as the bank's stock price took a hit, and chief investment officer Ina Drew took a hike, by taking early...
Tags: Federal Reserve, Cancer, Economy, Business and Finance, Corporate Officers, Jerry Lee Lewis
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JPMorgan's Dimon keeps his chairman job in shareholder vote
TAMPA, Fla. — Jamie Dimon will keep his jobs as chairman and chief executive of JPMorgan Chase & Co. Shareholders overwhelmingly voted him back onto the board as well as approving executive compensation packages. Shareholders voted only 40% in...
Tags: CEO Pay, Elections, Politics, JPMorgan Chase & Co., Christopher Dodd
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JPMorgan shareholders: 'Too much power in one person's hands'
TAMPA, Fla. — Investors at the JPMorgan shareholder conference are concerned with the bank's recently disclosed $2-billion loss and 12% plunge in their stake in the bank. "When you are 94 years old, you don’t want to see any of your...
Tags: Federal Reserve, Durham (Durham, North Carolina), NBC (tv network), JPMorgan Chase & Co., Tampa
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3 tips on how to avoid Chase's $2 billion meltdown
JP Morgan Chase is one of the nation's largest companies, employing thousands of smart people. Yet their CEO Jamie Dimon admits that executives blew it in picking a risky derivative investment strategy that has cost Chase $2 billion. Deerfield Beach...
Tags: Personal Finance, Economy, Business and Finance, Finance
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JPMorgan officials to face shareholders after $2-billion trading loss
TAMPA, Fla. -- JPMorgan Chase & Co.'s shareholders filed into a suburban office building here Tuesday for a potentially dramatic annual meeting. It will be the first time Jamie Dimon, the bank's chairman and chief executive officer, and other senior...
Tags: Economy, Business and Finance, Barack Obama, JPMorgan Chase & Co., Finance, ABC (tv network)
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JPMorgan executive Ina Drew becomes first casualty of bad trade
NEW YORK (AP) — The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $2 billion loss. Ina Drew, 55, the chief...
Tags: NBC (tv network), Carl Levin, Corporate Officers, Economy, Business and Finance, JPMorgan Chase & Co.
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JPMorgan Executives Expected To Leave Over Loss: Sources
Reuters(Reuters) - Three executives involved with the failed hedging strategy that has left JPMorgan Chase & Co with a $2 billion trading loss and a tarnished reputation are expected to leave the bank this week, sources close to the matter said on Sunday. The...Tags: NBC (tv network), Chicago, Corporate Officers, Economy, Business and Finance, Television Industry
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JPMorgan $2 Billion Loss Hits Shares, Credit, Image
ReutersNEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for...Tags: Barney Frank, Federal Reserve, Citigroup Incorporated, JPMorgan Chase & Co., Central Bank
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High finance for dummies
Change of SubjectBy Megan Crepeau I really do love a good high-finance explainer, especially when it pushes all my angry buttons. Marketplace has a great one this morning on JP Morgan Chase's huge loss: How did no one know about this? Oh,......
Jun 1, 2012
|Story| Herald Mail
May 19, 2012
|Story| Herald Mail
May 16, 2012
|Story| Baltimore Sun
May 15, 2012
|Story| KIAH-LTV
May 15, 2012
|Story| Los Angeles Times
May 15, 2012
|Story| Los Angeles Times
May 15, 2012
|Story| South Florida Sun-Sentinel
May 15, 2012
|Story| Los Angeles Times
May 14, 2012
|Story| Petoskey News
May 13, 2012
|Story| Chicago Tribune
May 12, 2012
|Story| Chicago Tribune
May 11, 2012
| Chicago Tribune
Original site for Jamie Dimon topic gallery.