London Whale
Republicans have long sought to derail President Barack Obama's 2010 Wall Street reform law, and have won a few victories
In a new afterword for the release of the paperback version of her book A Fighting Chance, Warren recalls that the tenor
But the implications of the IG report reach well beyond the Whale debacle, highlighting how much power the Fed's New York
To most of us, fairly innocuous sins like taking a pen from work or neglecting to refill the office coffee pot are much easier
WHAT'S HAPPENING
WHAT'S HAPPENING
Supporters say the measure would help harmonize international standards. But bank watchdogs see it as fueling a race to the
While the health benefits of caffeine are under constant debate and scrutiny, professors at the University of Washington
When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?
NEW YORK, Jan 24 (Reuters) - Jamie Dimon, chairman and CEO of JPMorgan Chase & Co, will be paid $20 million for his work
JPMorgan Chase stands accused of essentially funneling funds to Wen Jiabao's only daughter to win business in China, bringing a federal probe. Yet the takeaway here merely reinforces a truth that has long been evident to those paying attention to the pungent interplay of money and power in China: Despite the prattling of global business leaders that their presence in China is a wholesome boon to justice and right, they have frequently enriched themselves by engaging in the very dirty doings they claim to disdain.
It marked the first time the CFTC used a new legal authority from the 2010 financial overhaul law that is designed to prohibit
Most of all, it's personal when I see Wall Street can get away with things that those of us on Main Street cannot. They all
It's a serious matter to demonstrate lack of good faith in statements to investors and to the public. It's particularly cavalier five years after the United States bailed out TBTF banks with hundreds of billions in cash and trillions in ongoing subsidies, guarantees, and funding.
"JPMorgan failed to keep watch over its traders as they overvalued a very complex portfolio to hide massive losses," George
Bruno Iksil, the trader whose large bets earned him the nickname "London Whale," has signed a cooperation agreement with
JPMorgan Chase, the nation's biggest bank by assets, has reportedly agreed to pay at least $750 million in fines as a result
Hamlet was notoriously indecisive. He wasn't sure whether it was best to live or die, but lots of people waffle about lesser
There are simply too many questions about the ethics of this bank and its CEO to be ignored anymore. At the very least, a major house cleaning should be on the agenda to move forward.
Given the excesses of today's banking institutions, Wall Street and the crony capitalism that is swallowing American initiative and the American dream, the following is a clarion call to our governing class to take heed and to answer the call.
Amazon, PayPal and the other disruptive businesses started by our new Heroic Capitalists were birthed by the ability and willingness of venture firms -- not traditional banks -- to see their vision and invest behind it.
Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports, citing a person close to the situation. Iksil is the so-called "London Whale" at the center of the trading scandal that lost JPMorgan, the country's biggest bank by assets, some $6.2 billion in 2012.
