Heidi N. Moore
Jun 13, 2012 JPMorgan CEO Jamie Dimon spoke before the Senate Banking Committee today, trying to explain the $2 billion loss his company made in trading. The committee went fairly easy on the banker.
Heidi N. Moore
Jun 13, 2012 Chairman and CEO of JPMorgan Jamie Dimon will be grilled on a huge trading loss by the bank's unit in London.
Jun 13, 2012 The CEO of JPMorgan has been summoned to Capitol Hill today. According to his prepared remarks, Dimon will apologize, saying he feels "terrible" about the $2 billion blunder.
Jun 12, 2012 The CEO of JPMorgan Chase will have to explain the $2 billion loss from a few weeks ago.
Jun 1, 2012 A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
May 22, 2012 After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
May 21, 2012 JPMorgan Chase has gotten a lot of attention for its estimated $3 billion trading loss. But who were the winners in those bets?
May 17, 2012 Problems continue to swell for the banking giant, whose reported $2 billion loss could actually now be something more like $3 billion.
Stacey Vanek Smith
May 17, 2012 A week after JPMorgan said it lost $2 billion on complex trades gone bad, the bank reported is another $1 billion deeper in the hole. How's that?