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.
Federal authorities are investigating JPMorgan, Bank of America and other big time financial institutions for potential non-compliance with federal money laundering laws, according to a report from the New York Times.
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.”
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.
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.
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.
In a rare JPMorgan Chase story that did not mention the bank's own recent losses, DealBook reported Friday that the bank had transferred $168 million to a trustee representing former MF Global customers, to start repaying them.
No, we don't think Barack Obama praised Jamie Dimon Tuesday simply because the president banks with him, but that's still where our mind went upon learning the president has a JPMorgan Chase checking account worth $500,000 to $1 million.
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.
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.
Big banks in the U.S. have found a clever way to respond to the hullabaloo over the new debit-card fees some of them proposed and then had to walk back: charge new fees, but call them something else.
J.P. Morgan and other major banks in the U.S. have decided that they're not going to try and pull a Bank of America by adding any new fees to their already cash-strapped debit-card customers.
Banks stocks are getting killed
Misrepresented loans yield another batch of lawsuits, this time from a housing authority
The bank violated trade laws three times over the last six years
The heads of Goldman Sachs and Bank of America want a deal cut this week
Pretty much everyone agrees: crisis. But the details are interesting
Bankers love the JPMorgan CEO for challenging the Fed. Others are less sure
The figure begs the question: Is that nearly enough?
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