JP Morgan - The Atlantic Wire

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Topic: JP Morgan

JPMorgan Shrugs Off Another Another Billion Dollars in Losses

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?

By Alexander Abad-Santos

May 16, 2012

Cartoon

JP Morgan's Wrong Turn

Cartoonist Nick Anderson on JPMorgan's $2 billion loss.

Comments | 228 Views

By Eric Randall

May 15, 2012

Cliché Watch

'Dimon in the Rough' Is Not an Insult

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.

Comments | 297 Views

By John Hudson

May 15, 2012

It Pays to Be a High-Level Business Failure

Rewarding failure is back in vogue with multi-million dollar packages following recent high-level resignations at JP Morgan Chase, Best Buy, Yahoo and elsewhere.

Comments | 1,368 Views

By Alexander Abad-Santos

May 14, 2012

Can Executive Changes Save JPMorgan?

Matt Zames was destined to move up the JPMorgan chain of command one way or another--replacing one of the most respected and well paid executives and making sure there won't be any more $2 billion blunders probably fits into the latter.

Comments | 896 Views

By Connor Simpson

May 12, 2012

Fitch Changes Its JP Morgan Outlook to 'Negative'

After the news of its $2 billion loss, the outlook for JP Morgan Chase's future has taken a slight turn for the worse. Fitch Ratings announced they've changed their Long-term Issuer Default Rating from "AA-" to "A+" and changed their long-term outlook for the company to Ratings Watch Negative.

Comments | 1,520 Views

By Adam Martin

May 11, 2012

The Feds Are Now Looking into JPMorgan Chase

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.

Comments | 1,041 Views

By Adam Clark Estes

May 10, 2012

JPMorgan's Big Surprise: We Lost $2 Billion in 'Egregious Mistakes'

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.

Comments | 8,529 Views

By Dino Grandoni

Jan 30, 2012

That Missing $1.2 Billion in MF Global Money Is Probably Gone for Good

It's always a bad sign for those still waiting to get their MF Global money to wake up to a front-page Wall Street Journal story saying that "officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered."

Comments | 721 Views

By Dino Grandoni

Dec 21, 2011

JP Morgan Managed to Get Its MF Global Money Before Bankruptcy

Those farmers, traders, and other assorted customers of busted trading firm MF Global probably won't like hearing the news that JP Morgan got money it was owed, on the day before it filed for bankruptcy, The New York Times reports.

Comments | 2,721 Views

By Adam Clark Estes

Dec 9, 2011