Wednesday, November 20, 2013
JPMorgan Chase has agreed to pay a record $13 billion to the U.S. Department of Justice for bad mortgage-backed securities trades made before the 2008 financial meltdown. CEO Jamie Dimon was once the poster-child for resilience, the best and last banker standing after the financial collapse. Can he continue to carry JPMorgan forward? Joining The Takeaway to explain is Dawn Kopecki, JPMorgan reporter for Bloomberg.
Friday, May 10, 2013
Jamie Dimon, CEO and chairman of the nation's largest bank JPMorgan Chase, is facing criticism from prominent shareholders that could cost him his chairmanship.
Friday, October 12, 2012
As the November election approaches, lawmakers are spending more time campaigning and less time working to avoid the "fiscal cliff," the trigger set to send Americans' taxes higher and slash federal spending by more than a trillion dollars at midnight on December 31. WNYC's Money Talking, examines whether Wall Street executives still have the clout to spur Congress into making a deal.
Friday, June 15, 2012
Earlier this week JP Morgan chief Jamie Dimon went up to Capitol Hill. He sat in front of a Senate committee, and Dimon... apologized. This got Takeaway Washington Correspondent Todd Zwillich thinking about other instances of public figures apologizing to Congress.
Wednesday, May 16, 2012
By Justin Krebs : IAFC Blogger
They are still foreclosing on homeowners and resisting write-downs, still raising banking fees, still lobbying against reforms. And one can bet they are on track for big bonuses.
Monday, May 14, 2012
The fallout from JPMorgan’s incredible $2 billion trading loss is officially underway: three-high ranking officials are set to resign and damage control is in full-effect. Michael Greenberger, financial law professor at the University of Maryland School of Law and former regulator at the Commodity Futures Trading Commission discusses how the banking giant could have avoided this historic trading blunder and what banking reforms loom on the horizon.
Friday, May 11, 2012
In a major hit for Wall Street, JP Morgan Chase disclosed a $2 billion loss on Thursday related to its credit investment portfolio. The trickle down effect could mean a loss of another $800 million in the second quarter for the bank’s Chief Investment Office. The Takeaway talks with Michael de la Merced, reporter for The New York Times' Deal Book.