Recent cyber-security attacks on the likes of Target, Home Depot, JP Morgan Chase, and, most recently, Sony Pictures have shown us all just how damaging malware can be to a company’s reputation and bottom line, as intrusive hacks can cost businesses millions of dollars in damage, not to mention the cost of stolen high value [...]
Jamie Dimon, aka Yankee Doodle JP Morgan Chase is no stranger to being on the wrong side of the law, like the current criminal investigation by the Justice Department for possibly rigging the global currency market. Or last year's investigation into its fraudulent and abusive credit card debt collection practices. Show More Summary
Despite leading JP Morgan Chase through numerous scandals that exemplify the need for tighter banking regulation, Jamie Dimon wants financial regulators to get off his back. The post JP Morgan ‘Under Assault’ By Unpatriotic Regulators, CEO Says appeared first on ThinkProgress.
JPMorgan Chase & Co.’s parts are probably worth more to investors than the whole after regulators proposed tougher rules penalizing firms for size and complexity, according to Goldman Sachs Group Inc. JPMorgan could unlock value by splitting...Show More Summary
``After all, how could this one guy possibly pull off such a crime and at that scale and for so long? He couldn't have and didn't. Like most substantial illegal and criminal financial activities, Madoff had a very close relationship with a big Wall Street bank: JP Morgan Chase, the country's largest bank''
As the headlines have made clear for years, JP Morgan Chase has a long rap sheet of illegal conduct and, although overlooked, it includes enabling Bernie Madoff's $64.8 billion Ponzi scheme, the largest in history, which caused net losses...Show More Summary
Wall Street banks like Citigroup and JP Morgan Chase have flexed the power of their influence in Congress to pressure Congress and the White House into a key change in the law that will allow the trading of risky financial derivatives in bank operations that are insured by the Federal Deposit Insurance Corp. This means […]
JP Morgan Chase is looking for a Hadoop Data Architect Lead in Brooklyn, NY. According to the post, “The Risk ODS Storage Re-platforming group is seeking a ‘Hands On’ Build Manager with Core Java development leadership and production delivery experience to join our system’s data distribution platform team. Show More Summary
Jamie Dimon, chairman and CEO of JP Morgan Chase has ” a healthy fear of the unknown,” as in the “unknown” but sooner or later expected financial crisis in our future. Warren Buffett, the chairman of Berkshire Hathaway reckons there will be a “discontinuance,” a financial crisis in the form of a disruption, disjunction, or […]
In 2011, Dean O’Malley walked away from a high-paying job with no plans for the future, other than to escape the world of finance. His IT job at JPMorgan Chase (JPM) had survived the financial crisis, but he had no desire to stick around for the next one. Show More Summary
Wells Fargo & Co (NYSE:WFC) and JP Morgan Chase & Co. (NYSE:JPM) are among the top picks for Michael Mangan, Portfolio manager at Harris Associates. Both Wells Fargo and JP Morgan had to pay huge sum as fines following the financial crisis back in 2008-09. In Spite of the continuing fines paid by these companies, […]
All together, JPMorgan Chase has an over 200-year history. As we've reported before, it played an indirect role in killing America's first Secretary of the Treasury, winning World War I, contributing to the 2008 financial crisis, and...Show More Summary
This time, it's a $4.2 billion fine. That's how much UBS, HSBC, Citibank, JP Morgan Chase, Bank of America, and the Royal Bank of Scotland are collectively paying to U.S., U.K., and Swiss regulators for rigging the foreign-exchange, or FX, market. Just another day on Wall Street. This latest malfeasance was something regulators hadn't worried about […]
HSBC, Royal Bank of Scotland, UBS, JP Morgan Chase and Citibank all forced to pay up by FCA and CFTC One-Minute Read Wednesday, November 12, 2014 - 9:51am UK and US financial regulators have together fined five banks a total of £2bn for fixing foreign exchange rates. Show More Summary
With egg-freezing it's easier than ever to delay childbirth. But for women who want a family sooner than later, it pays to have a plan. With the news that Apple, Facebook, Citigroup, and JP Morgan Chase are covering part of the cost of egg freezing, corporate America is making it easier than ever for women to delay childbearing. Show More Summary
Good to see Taibbi back to doing what he does best: Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep […]
Thank the bankers at JP Morgan Chase for lighting an exit sign for New Yorkers stuck in the low-wage jobs trap.
Today's New York Times reveals that the folks who hacked the website of JP Morgan Chase, one of the world's largest banks, also hacked the website and account of the bank's affiliated charity arm - the Chase Corporate Challenge.In July,...Show More Summary
The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, October 22, 2014. Jon Hilsenrath writes that new revelations about the New York Fed's failure to investigate JP Morgan Chase's investment unit ahead of the "London Whale" trading debacle raises fresh questions about the regulator's willingness to get tough on banks.