New York Attorney General Eric Schneiderman dropped a bomb on JPMorgan early Monday evening: a multi-billion dollar lawsuit that accuses the bank's subsidiary, Bear Stearns, of defrauding investors.
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.
Irvin Goldman, who oversaw risks at JPMorgan until those risks led to a $2 billion $5.8 billion loss in May, has officially left the firm, all this on a big news day (Friday the 13, indeed) for the bank.
As JPMorgan steadies itself after the massive "London whale" loss, former CIO Ina Drew continues to feel the consequences, offering to repay her last two years of salary in what CEO Jamie Dimon called a "maximum clawback."
What does Ina Drew, former J.P. Morgan executive at the center of the bank's recent loss, have in common with Rebekah Brooks?
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.
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.
The ruler spread the country's oil money in numerous big financial institutions
At the end of a slam-dunk trading day, questions about underwriters' ethics
Jamie Dimon's pay package doubled, not that you'd know from The Wall Street Journal
The Twitter co-founder says his company isn't even considering an IPO
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