Jamie Dimon

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JPMorgan sorts out 'London Whale' consequences

Jul 13, 2012
JPMorgan Chase CEO Jamie Dimon spoke this morning about the company's solid quarterly earnings, but all the attention is on the massive $4.4 billion trading loss -- twice what they first thought -- and how the company will sort out the implications.
Posted In: JPMorgan, Jamie Dimon, London Whale
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JPMorgan trading losses could total as much as $9 billion

Jun 28, 2012
Although originally estimated at about $2 billion, the total losses from JPMorgan's botched trade in derivatives could -- in a worst case scenario -- reach upwards of $9 billion, according to the New York Times.
Posted In: JPMorgan, Jamie Dimon
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Jamie Dimon apologizes, explains loss before Congress

Jun 13, 2012
JPMorgan CEO Jamie Dimon apologized for not doing a better job supervising trades that lost his bank billions. Dimon emphasized that while bank shareholders lost money, their clients and taxpayers did not.
Posted In: bank, JPMorgan, Jamie Dimon
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Jamie Dimon's testimony was a wake for Dodd-Frank

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.
Posted In: JPMorgan, Jamie Dimon
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JPMorgan CEO Dimon goes before Senate

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.
Posted In: JP Morgan, Jamie Dimon, Senate
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How a CEO prepares for Senate testimony

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.
Posted In: JPMorgan, banking, Jamie Dimon
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Jamie Dimon has an uphill battle in the Senate

Jun 13, 2012
The JPMorgan Chase CEO testifies before the Senate Banking Committee today, trying to convince Congress that more bank regulation isn't needed, even after his company's $2 billion trading loss.
Posted In: JPMorgan, Jamie Dimon
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JPMorgan Chase's Jamie Dimon to testify before Senate

Jun 12, 2012
The CEO of JPMorgan Chase will have to explain the $2 billion loss from a few weeks ago.
Posted In: Jamie Dimon, JPMorgan
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Why disclosure wasn't enough to stop JPMorgan losses

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?
Posted In: banking, financial crisis, JPMorgan, Jamie Dimon
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JPMorgan losses now estimated at $3 billion

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.
Posted In: Jamie Dimon, JPMorgan, banking

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