Archive for May, 2012

Honored, at Least for a Time

May 26, 2012

The following article is brought to you by Mike Vilensky at WallStreetJournal.Com. J.P. Morgan Chase’s chief executive may be in the hot seat right now, but he was the guest of honor at the Intrepid Sea, Air & Space Museum on Thursday night. “I really don’t deserve a medal,” said Jamie Dimon. “But I deeply […]

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JPMorgan’s Dimon Called To Testify By Senate Bank Panel

May 26, 2012

The following article is brought to you by Silla Brush at Bloomberg.Com. The U.S. Senate Banking Committee said JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon was invited to testify on June 7 about the New York-based lender’s credit derivatives losses. “I expect Mr. Dimon to come prepared to provide the committee a […]

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Jamie Dimon Should Resign From the Board Of The New York Fed

May 23, 2012

The following article is brought to you by Simon Johnson at the HuffingtonPost.Com. Jamie Dimon, CEO of JP Morgan Chase, is a member of the board of the New York Federal Reserve Bank. Mr. Dimon’s role there is sometimes presented as “advisory” but he sits on the Management and Budget Committee; here is the committee’s […]

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JPMorgan sued over employee retirement plan losses

May 23, 2012

The following article is brought to you by Jonathan Stempel at Reuters.Com. May 22 (Reuters) – JPMorgan Chase & Co has been hit with a lawsuit brought on behalf of employees whose retirement holdings fell in value after the largest U.S. bank revealed a surprise $2 billion trading loss earlier this month. The complaint, filed […]

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Financial-Reform Group: JPM Clearly Was Not Hedging

May 23, 2012

The following article is brought to you by Joe Adler at BankInvestmentConsultant.Com. WASHINGTON — The big question following JPMorgan Chase & Co.’s now-notorious derivative trade is whether it would have been permitted under the so-called ‘Volcker Rule.’ But the answer is clear cut to an advocacy group that has led calls for regulatory restrictions after […]

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