London Whale

"Republicans willingly forget the lessons of the financial crisis because they don’t want to protect Americans from the next
While the Fed Board of Governors, based in Washington, is a public agency, the regional Fed banks are private sector entities
“People rationalize their behavior to justify it,” Ordóñez, one of the study's authors, said in a press release. "They might
Wall Street's support on Capitol Hill, of course, has long been obvious. Lobbyists from Goldman Sachs, Citigroup, JPMorgan
“When you’re sleep deprived at work, it’s much easier to simply go along with unethical suggestions from your boss because
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.
JPMorgan, the nation's largest bank, admitted that its traders "acted recklessly" by dumping the derivatives on an index
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
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
However, U.S. prosecutors are still investigating JPMorgan for potential criminal wrongdoing. A settlement would mark a key
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.