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Markets Are Staging A Major Up Day

Quietly, today is turning out to be a biggie. The Dow is up about 150 points. Helping things, perhaps? JPMorgan is up 3.6% after reporting earnings and clearing the air (kind of) on the London Whale trade. Citigroup is also up over 3%. The S&P 500 is up just over 1%. Please follow Money Game on Twitter and Facebook. Join the conversation about this story »
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See more about: London Whale

Jamie Dimon Gets HUGE Pay Cut Following The London Whale Loss

Business & Finance : Business Insider: Clusterstock (2 years ago)

JPMorgan Chase CEO Jamie Dimon took a huge pay cut following the "London Whale" trade. His 2012 compensation is $11.5 million, which is half of what he took home for 2011. In an SEC filing the went along with today's earnings report... Read Post

REPORT: The 'London Whale' Was Told To Boost The Values On Some Trades By His Boss

Business & Finance : Business Insider: Clusterstock (2 years ago)

This sounds serious... JPMorgan found that credit trader Bruno Iksil (a.k.a the "London Whale") was encouraged by his boss to increase the values on some trades above where they would have sold in the market, the Wall Street Journal... Read Post

REPORT: JPMorgan Agrees To Pay $920 Million In Fines Over The 'London Whale' Trading Loss

Business & Finance : Business Insider: Clusterstock (11 months ago)

JPMorgan Chase agreed to pay $920 million in fines as part of a settlement with regulators in the London Whale trading loss case, Bloomberg News' Dawn Kopecki is reporting. Those fines will be paid amongst the SEC ($200 million), th... Read Post


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