May 11, 2012 Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works.
May 14, 2012 Reviewing the week's headlines on Wall Street and beyond. This week: Oh how the might have fallen -- JPMorgan's $2 billion loss.
May 11, 2012 Huge trading losses by America's biggest bank strengthen advocates of the Volcker Rule and tougher bank regulation.
May 10, 2012 On what were essentially bad and risky bets made by the bank. Still, CEO Jamie Dimon tried to play down the situation in today's conference call.
Stacey Vanek Smith
May 4, 2012 Mark Zuckerberg wasn’t there, but JPMorgan flew a Facebook flag as executives visited the bank’s headquarters ahead of Facebook’s IPO.
Apr 13, 2012 The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
Heidi N. Moore
Mar 13, 2012 Turns out American banks are in a much better position financially than we thought.
Mar 2, 2012 A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
Heidi N. Moore
Feb 29, 2012 J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Feb 8, 2012 Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."