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%.
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After losing $6 billion in the “London Whale” trading scandal, JPMorgan Chase & Co. has settled on a whale of a fine with regulators. The New York Times reports that the bank, the largest in the U.S., is expected to fork out as much... Read Post
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
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