LONDON WHALE

POLITICS
Republican Nirvana: Congress Votes On Bill To Aid Wall Street Banks ... And The Koch Brothers
By Zach Carter
"Republicans willingly forget the lessons of the financial crisis because they don’t want to protect Americans from the next
POLITICS
Guess What Happened When JPMorgan's CEO Visited Elizabeth Warren's Office
By Samantha Lachman
POLITICS
How The Fed Blew Its Most Important Job For Over Three Years
By Zach Carter
While the Fed Board of Governors, based in Washington, is a public agency, the regional Fed banks are private sector entities
BUSINESS
Stealing A Pen At Work Could Turn You On To Much Bigger Crimes
By Emily Cohn
“People rationalize their behavior to justify it,” Ordóñez, one of the study's authors, said in a press release. "They might
POLITICS
How Democrats Are Accidentally Helping The Koch Brothers
By Zach Carter and Paul Blumenthal
Wall Street's support on Capitol Hill, of course, has long been obvious. Lobbyists from Goldman Sachs, Citigroup, JPMorgan
BUSINESS
You Have A Moral Obligation To Drink Coffee: Science
By Emily Cohn
“When you’re sleep deprived at work, it’s much easier to simply go along with unethical suggestions from your boss because
BUSINESS
Can We Escape Bank Regulation by Lawsuit?
By John Fullerton, Contributor
Contributor
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?
BUSINESS
Billions Of Dollars In Fines Later, Jamie Dimon Gets A Raise
By Reuters, Reuters
NEW YORK, Jan 24 (Reuters) - Jamie Dimon, chairman and CEO of JPMorgan Chase & Co, will be paid $20 million for his work
BUSINESS
The Most Disturbing Part Of The JPMorgan News Is That It's Not Shocking At All
By Peter S. Goodman, Contributor
Executive Business and Global News Editor, The Huffington Post
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.
BUSINESS
JPMorgan Admits Traders Acted 'Recklessly,' In London Whale, Will Pay $100 Million In Deal With CFTC
By Associated Press, Associated Press
JPMorgan, the nation's largest bank, admitted that its traders "acted recklessly" by dumping the derivatives on an index
BUSINESS
Obama and Holder's "Too Big to Jail" sticks it to Main Street
By Don McNay, Contributor
Best selling lottery and structured settlement expert
It's been five years. I'm still sitting by the phone waiting for him to call. In case you don't know who Jamie Dimon is, he
BUSINESS
SEC Omitted Evidence Damaging to JPMorgan's Jamie Dimon
By Janet Tavakoli, Contributor
President, Tavakoli Structured Finance
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.
BUSINESS
Finally, JPMorgan Admits The Bank Broke The Law
By Mark Gongloff
"JPMorgan failed to keep watch over its traders as they overvalued a very complex portfolio to hide massive losses," George
BUSINESS
JPMorgan To Settle With U.S., UK Regulators For 'London Whale' Losses
By Reuters, Reuters
However, U.S. prosecutors are still investigating JPMorgan for potential criminal wrongdoing. A settlement would mark a key
BUSINESS
JPMorgan Agrees To Pay At Least $750 Million In Fines For 'Whale' Losses: Report
JPMorgan Chase, the nation's biggest bank by assets, has reportedly agreed to pay at least $750 million in fines as a result
WELLNESS
The Curse of Indecision
By Francis Levy, Contributor
Writer
Hamlet was notoriously indecisive. He wasn't sure whether it was best to live or die, but lots of people waffle about lesser
BUSINESS
Why Jamie Dimon Should Resign as CEO of JPMorgan Chase
By Sanjay Sanghoee, Contributor
Author and commentator
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.
BUSINESS
Banker Lies and Misrepresentation -- The Present and Lessons From the Past
By Raymond J. Learsy, Contributor
Author
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.
BUSINESS
Jeff Bezos, Elon Musk, and the New Heroic American Capitalism
By Adam Hanft, Contributor
Political Columnist, CEO of Hanft Projects
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.
VIDEOS
Bruno Iksil Won't Be Prosecuted By Justice Department: Report
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.
BUSINESS
Javier Martin-Artajo, Former JPMorgan Exec, Says He Expects To Be Cleared In 'Whale' Probe
By Reuters, Reuters
He will return to London on schedule after a long-planned vacation, he said in the statement. The trades cost the company
BUSINESS
'London Whale' Bruno Iksil Won't Be Prosecuted By Justice Department: WSJ
Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports
BUSINESS
JPMorgan 'London Whale' Scandal Is More Proof It Doesn't Pay To Be An Underling In Banking
By Mark Gongloff
London Whale And The Small Fish | Infographics As usual, it does not pay to be one of the little guys in banking. Ironically
BUSINESS
The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers
By Raymond J. Learsy, Contributor
Author
Hello Congress, Federal Reserve, Commodities Futures Trading Commission, Federal Trade Commission, Department of Justice, 1600 Pennsylvania Avenue, is anybody listening? Or do the Big Boys just get to play while we pay and pay!?
BUSINESS
Commodities Are Different (in a "Full World"): Part 3
By John Fullerton, Contributor
Contributor
Commodity market manipulation is fundamentally different and far more dangerous than the garden-variety manipulation of financial markets such as in single stock pump and dump schemes, or even the brazen manipulation of LIBOR. Nobody eats LIBOR.
BUSINESS
Coming Soon: Another London Whale Shocker?
By Dimitri B. Papadimitriou, Contributor
President, Levy Economics Institute of Bard College
Did the London Whale revelations result in protections for bank customers -- and their federal insurers -- from this kind of gambling?
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