Jamie Dimon returned to Capitol Hill yesterday for round two of his congressional testimony concerning JPMorgan’s springtime …
Dimon Principle
Dimon Hearing Reveals Lingering Questions About the Health of the Financial System
JPMorgan Chase CEO Jamie Dimon withstood a barrage of verbal flak yesterday in the Senate Banking Committee hearing which sought to investigate the over $2 billion trading loss that his bank suffered this spring. But the …
Wednesday at 10:00 a.m.: The Public Whipping of Jamie Dimon
It’s one of the few things Congress is demonstrably good at these days: the open flagellation of American businessmen. The unprecedented sums of money doled out by Congress to private industry since 2008 has given Congress the …
Chasing Chase: The Difference Between Bank Robbers and Bank Bunglers
Why is everyone getting so outraged about JPMorgan Chase losing two billion bucks? It’s a bank. Isn’t losing money what modern banking is all about—you take in deposits from normal folk and then invest those hard earned …
‘Whale’ Fail: JPMorgan’s $2 Billion Blunder Tied to London Trader
Almost immediately after the stock market closed yesterday, JPMorgan Chase asked Wall Street analysts to attend a highly unusual, hastily assembled, postmarket conference call. Speculation was rampant: What could be so urgent? A …
