JPMorgan has been slapped with yet another fine, this time a $2.6 billion penalty for violations associated with the Bernie …
JPMorgan
A Whale of a Fine: JPMorgan to Pay $900 Million for Trading Scandal
A settlement will have the bank forking out money to a slew of regulators in the U.S. and London
JPMorgan China Hiring Practices Investigation Spreads to Asia
An investigation into American investment bank JPMorgan Chase & Co.’s hiring-related nepotism in China has now expanded to other Asian countries after an “internal spreadsheet that linked appointments to specific deals …
What’s in a Title? Overcoming a ‘Crisis’ of CEO Credibility
Seeming endless bank scandal have made people start to question the credibility of CEOs everywhere.
Money Talking: Could Dodd-Frank Fix the Financial Sector?
On this week’s edition of WNYC’s Money Talking, Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether the Dodd-Frank financial reform law would have prevented the financial snafus that have plagued the banking sector recently.
Facebook Banker Morgan Stanley ‘Likes’ — But Doesn’t Love — FB Stock
Analysts at Facebook’s lead underwriter, Morgan Stanley, have set a price target of $38 on newly-public Facebook’s stock — just weeks after the Wall Street giant’s investment bankers took the social network public at that price. …
After Facebook Debacle, Can Investors Trust the IPO Process?
It’s been over a month since Facebook’s troubled initial public offering, and the fallout continues to reverberate from Wall Street to Capitol Hill. Angry shareholders have filed over 40 lawsuits against Facebook, its …
Conflicts at the Regional Fed Banks Go Way Beyond Jamie Dimon
Some heavy-hitters are lobbying to get JPMorgan CEO Jamie Dimon to give up his seat on the board of the New York Federal Reserve. And he should — Dimon clearly wasn’t paying attention to the ABCs of banking risk. But if Dimon …
Who’s to Blame for the Facebook IPO Debacle? Federal Court May Decide
Technical errors caused by the Nasdaq stock exchange helped push down Facebook shares in early trading, the social networking giant suggested in a legal filing late Friday, turning what should have been a triumphant moment for …
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 …