JPMorgan Chase reveals $2 billion losses

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.

Explaining proprietary trading and its risks

Feb 23, 2012
Prop trading, as it’s called on Wall Street, is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace’s Paddy Hirsch explains what proprietary trading is, and why it’s potentially dangerous for our savings and…
Prop trading, as it’s called on Wall Street, is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace’s Paddy Hirsch explains what proprietary trading is, and why it’s potentially dangerous for our savings and the financial system.
Angela Kim/Marketplace

Chase CEO: 'I don't get it'

Dec 7, 2011
JP Morgan Chase CEO Jamie Dimon rails against those bashing on the rich.