The Volcker Rule News
Jamie Dimon Defends Wall Street on Capitol Hill
JPMorgan Chase CEO Jamie Dimon was in the hot seat again today defending the country's biggest bank on Capitol Hill over risk-taking and trading losses, telling lawmakers that the bank disclosed the losses when they realized the extent of them. Dimon testified before the House Financial Services
Layoffs: Wall Street's Answer to Poor Stock Markets?
The industry that America loves to hate or envy may have a tough summer ahead of it, especially for the highest paid executives. Reports indicate Wall Street firms are far from recovering the numbers lost during the financial crisis and may impose additional layoffs this summer or in coming months.
Obama's Former Top Economic Adviser Hits Pace of Wall St. Reforms
CHICAGO–In the summer of 2010 President Obama heralded the passage by Congress of a sweeping Wall Street reform bill that he claimed would reshape the financial sector and prevent another economic crisis like the one that rocked the country in 2008, but many of those...
JPMorgan Chase + Wall Street Regulations; Bain Capital v Blackstone Group - Today's Q's for O's WH - 5/15/12
TAPPER: Just to follow on Dan’s question on JPMorgan Chase, I guess I’m not really understanding what either the president said yesterday or what he’s saying now. Are you crediting the Wall Street reform bill with the fact that JPMorgan Chase didn’t have to be...
JPMorgan Shareholders Approve Pay Packages After $2B Trading Loss
Despite the bank's $2 billion trading loss , JPMorgan Chase CEO Jamie Dimon still has the support of the company's stockholders. Today at the company's annual meeting shareholders voted to approve his multi-million pay package. Shareholders voted 91.5 percent in the "say on pay" vote for JP
JP Morgan's $2 Billion Loss: The Political Ramifications
Republicans and Democrats both stand to suffer from the ripple effects of the massive losses announced by JP Morgan Chase last week. JP Morgan Chase CEO Jamie Dimon described himself as “barely a Democrat” during an interview on NBC’s “Meet the Press.” Dimon has been...
Bain Pain (The Note)
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) NOTABLES: BRING ON THE BAIN: The Obama campaign’s new, two-minute ad revives a line of attack against Mitt Romney’s record at the private equity firm, Bain Capital. It didn’t get much traction during the GOP primary, but...
JPMorgan Chase CIO Ina Drew Resigns
By BILL McGUIRE and KEVIN DOLAK Ina Drew, the chief investment officer at JPMorgan Chase and one of the top women on Wall Street, resigned today in the wake of the firm’s $2.3 billion in-house trading loss. JPMorgan said in a statement today that Matt Zames,...
JP Morgan Chase to Fire Executives
What could be a nerve Monday on Wall Street. For every day American investors who had just begun to regain some of that ground lost in their 401 case. The of a sudden two billion dollar loss of the nation's biggest bank. And fears not again with the big banks in their risky bets tonight new reports