JPMorgan Chase & Co. (NYSE:JPM), once considered the safest bank in the nation, is becoming famous for bad deeds. First the loopholes in its internal controls exposed by the London Whale incident, and now corporate governance issues. While the anticipated split in the roles of the CEO and the chairman would be beneficial, analysts believe [...]
Following the London Whale trading scandal that cost JP Morgan at least $6 billion, Chairman and CEO Jamie Dimon is facing pressure from shareholders, who will hold a vote at the annual general meeting on May 21 to potentially split his roles. The failed trade originated from a trading desk that was meant to help [...]
In the following video, Fool.com banking analyst Matt Koppenheffer explains the impact that politics may have on the banking system going forward. JPMorgan Chase's $7 billion loss from its London Whale debacle, for example, created a...Show More Summary
Earlier today, Mark Decambre of the New York Post broke a bombshell story: Reporters at Bloomberg News have been using private information from Bloomberg terminals to spy on employees at Goldman Sachs.
Like many Wall Street firms, Goldman pays Bloomberg millions of dollars a year to buy thousands of Bloomberg terminal accounts for its employees. Show More Summary
Two Fools dive headfirst into the JPMorgan London Whale trading fiasco.
Fools Ilan Moscovitz and John Reeves trudged through the U.S. Senate's investigation of JPMorgan Chase's CIO division and the infamous London Whale trading fiasco and identified 48 shocking findings. Click here to read their full analysis. In...Show More Summary
Ever since the infamous London Whale trading loss in 2012, things at the top levels of JPMorgan Chase have been anything but quiet. The latest cry is for CEO Jamie Dimon to lose his position of chairman. Despite the cries growing louder,...Show More Summary
The Senate Permanent Subcommittee on Investigations recently produced a 301-page report on JPMorgan Chase & Co. (NYSE:JPM)‘s “London Whale Trade” fiasco. The Committee’s findings should be extremely troubling to investors, politicians, regulators, and concerned citizens alike. Show More Summary
The Senate Permanent Subcommittee on Investigations recently produced a 301-page report on JPMorgan Chase's "London Whale Trade" fiasco. The Committee's findings should be extremely troubling to investors, politicians, regulators, and...Show More Summary
(Reuters) - JPMorgan Chase & Co's Jamie Dimon may be losing ground in his fight to keep the title of chairman, as some major investors push for more oversight of the chief executive after the "London whale" trading losses.
NEW YORK (Reuters) - JPMorgan Chase & Co shareholders should vote against re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion of losses on the so-called "London Whale" trades, an influential proxy advisory firm said.
By James Kwak A friend brought to my attention another example of how Excel may actually be a precursor of Skynet, after the London Whale trade and the Reinhart-Rogoff controversy. This comes to us in a research note from several … Continue reading ?
ByJosh Arnold: JPMorgan Chase (JPM) shares have bounced strongly from the dark days of the London Whale incident when they traded down to $31. Since hitting their 52 week high of $51, shares are off slightly to $49 as of this writing. Show More Summary
Many investors have sworn off financial stocks since the credit crisis. Even after the recovery, headwinds like Bank of America's legal situation and the London Whale trading fiasco at JPMorgan Chase have kept investors from divingShow More Summary
ByHeather Ingrassia: On Sunday, April 28th, JPMorgan Chase (JPM) announced the ninth departure of a key executive since the fallout from the bank's infamous 'London Whale' scandal. According to Dan Fitzpatrick of the Wall Street Journal,...Show More Summary
Lessons from the JPMorgan "London Whale" story.
I got on the Journal last week for completely missing labor's point of view in a story on cranky McDonald's workers. But this piece by former colleague Bob Hagerty, on the shortage of nursing-home aides, gets it right: Nursing homes and operators of agencies providing home-care services already are straining to find enough so-called direct-care workers, who help...
J.P. Morgan Chase & Co. Chief Executive Officer Jamie Dimon was silent Friday about the bad bets in 2012 placed by a trader nicknamed the London Whale.
The 2012 London Whale trading fiasco at JPMorgan Chase was undoubtedly the low point of CEO Jamie Dimon's career. This week, Dimon released his annual letter to JPMorgan shareholders and voiced his regrets and determination to neverShow More Summary
By Jake Zamansky: The Senate subcommittee on investigations released a damning 300-page report on March 14 about JPMorgan's (JPM) attempt to hide and obscure $6.2 billion in trading losses the bank blamed on the infamous London Whale. Show More Summary