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.
May 31, 2012 Pre-foreclosure sales are offering more relief in the tough housing market.
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 Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
May 17, 2012 Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. Some will be associated with the Occupy Movement, which is hoping to re-ignite after a quiet winter.
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.
May 16, 2012 New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.
May 16, 2012 With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
May 15, 2012 In Tampa, Fla. today, there's a JPMorgan Chase shareholder meeting going on. Not a great time for CEO Jamie Dimon to face shareholders, given the $2 billion trading loss he announced last week.