Someone had to pay the price for that debacle. And that someone was J.P. Morgan's CEO, who saw his annual bonus slashed to a measly $10 million, a 53.5-percent pay cut from the year before.
Jamie Dimon, swaggering CEO of JP Morgan Chase, played both sides of the aisle perfectly while speaking at a Council on Foreign Relations event on Wednesday: he said he supports Obama's tax plan while also taking the Democrats and the Federal Reserve to task over banking regulations.
JPMorgan CEO Jamie Dimon may have spent months crusading against regulations that would've saved his bank some $6 billion in losses, but he's not going to stop crusading. Why not? Allow Dimon to explain: "It’s a free. Fucking. Country.”
The most intriguing take on Friday's management shakeup at JPMorgan, which saw Matthew Zames and Frank Bisignano named co-chief operating officers, came from the Financial Times' Tom Braithwaite, who wrote that they look to be part of a short list of possible successors.
There's believing in your business and then there's buying $17 million worth of your business's stock three months after suffering billions in massive, embarrassing losses. Jamie Dimon apparently believes JPMorgan will come back following the "London Whale" incident.
JP Morgan Chase announced its second-quarter earnings today, but also admitted its first-quarter statements were completely wrong, because some of their employees were deliberately trying to hide their losses.
When asked Tuesday if Mitt Romney should release more of his tax returns, Rep. Jason Chaffetz said no, and seemed to imply that those who want to see them are just jealous of Romney's success.
An embarrassing and costly trade that got JPMorgan CEO Jamie Dimon called before Congress, may actually cost the bank four times more dollars than originally thought.
You'd think it would be a humbling setting: After posting $2 billion in trading losses, JP Morgan CEO Jamie Dimon stood before House lawmakers today to explain the trail of wreckage his bank left.
As The Nation's George Zornick reports, it's hard to expect Senators to ask tough questions of the CEO of JPMorgan Chase when the members of the Senate Banking Committee are collective sitting on $582,088 in contributions from JPMorgan Chase.
JPMorgan Chance CEO Jamie Dimon didn't say much that was unexpected during his Senate testimony today, but like most people talking in front of cameras these days he probably hopes that a few of his words aren't someday used against him.
The CEO of JPMorgan Chase will testify before the Senate Banking Committee on Wednesday, where he will apologize for losing $2 billion in shareholders' money, while simultaneously trying to convince lawmakers that it wasn't that a big deal.
Newark Mayor Cory Booker's appearance on Meet the Press in which he condemned attacks on Mitt Romney's career at Bain Capital as "nauseating" and urging Democrats to "Stop attacking private equity" went great -- for Cory Booker.
How you would react if your company was bleeding hundreds of millions of dollars a day and you had meetings with the likes of Mark Zuckerberg and Meet The Press? Do what Jamie Dimon did: Just pretend everything's fine and above all, make sure your hoodie looks awesome.
It's just getting harder to trust financial experts isn't it? There's news that JPMorgan's $2 billion loss, was actually off by, well, about a billion dollars. But, hey, what's a billion among friends?
What does Ina Drew, former J.P. Morgan executive at the center of the bank's recent loss, have in common with Rebekah Brooks?
JPMorgan Chase CEO Jamie Dimon may be having a rough time after his bank lost $2 billion on a bad trading position, but it does not mean he is sparkly on the inside.
Despite all the chatter of Barack Obama and Jamie Dimon parting ways, the President continues to find time in his schedule to compliment the JP Morgan Chase chief executive.
The first executive head to roll at JPMorgan Chase will be Ina R. Drew, the chief investment officer responsible for overseeing the trades that led to the $2 billion trading loss that was announced on Thursday.
JPMorgan Chase boss Jamie Dimon appeared on NBC's Meet the Press to apologize for how he behaved after the bank's $2 billion loss was revealed; Joe Lieberman announced there will be a congressional hearing over the Colombian Secret Service scandal.
Perhaps the most surprising thing about a man who was able to move trillion dollar markets in a single bet, is that we know so little about him. Especially when everyone has known what he was up to for weeks.
Things just went from bad to worse for JP Morgan Chase. Losing $2 billion is bad enough, but now it turns out the SEC is looking into the bank's trading practices as possible "civil violations" in addition to the "egregious mistakes" CEO Jamie Dimon has already conceded.
It just took one phone call but the career of Jamie Dimon "the King of Wall Street" and CEO of JP Morgan Chase is on the line.
Almost four years after Americans became obsessed the idea of "too big to fail," JPMorgan found a way to lose $2 billion in one quarter without breaking a sweat — or any securities laws.
JPMorgan Chase revealed in a late-day SEC filing on Thursday that it's lost $2 billion due to some reckless trading of synthetic credit securities.
One thing we did not expect to hear J.P. Morgan Chase CEO Jamie Dimon say is that Occupy Wall Street had "legitimate complaints," especially given that he thinks the financial industry gets victimized when it comes to placing blame for the world's problems.
Bloomberg Businessweek is getting a lot mileage out of its recent report on what the 1 Percent -- it mostly quotes just the millionaires and billionaires -- is saying about the protesters standing up for the interests of the 99 Percent.
Plus: Susan Sarandon is briefly occupied, Jamie Rubin out at Bloomberg View
Pretty much everyone agrees: crisis. But the details are interesting
The Treasury Secretary may or may not step down, but speculation has started
Bankers love the JPMorgan CEO for challenging the Fed. Others are less sure
The reviews for HBO's adaptation of Andrew Ross Sorkin's bestseller are in
Jamie Dimon's pay package doubled, not that you'd know from The Wall Street Journal
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