Archive for July, 2012

JPMorgan: Fire Jamie Dimon!

July 19, 2012

The following article is brought to you by The Street at Forbes.Com. Say what you want about Jamie Dimon, it can’t be denied that he is one lucky dude. He is a survivor. If Jamie Dimon had been on the Titanic, he’d have jumped in a lifeboat, like J. Bruce Ismay, and then issued a […]

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Time for Jamie Dimon to Step Down

July 19, 2012

The following article is brought to you by WallStreetPit.Com. Amid reports that JPMorgan’s (JPM) losses on its botched credit bet could climb to more than $8 billion, nearly quadruple its original estimate, some are arguing it’s time for Jamie Dimon, the firm’s chief executive, to leave. “[Dimon] has shown that he does not understand the […]

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New Fraud Inquiry as JPMorgan’s Loss Mounts

July 19, 2012

The following article is brought to you by Jessica Silver-Greenberg at NYTimes.Com. JPMorgan Chase disclosed on Friday that losses on its botched credit bet could climb to more than $7 billion and that the bank’s traders may have intentionally tried to obscure the full extent of the red ink on the disastrous trades. Mounting concerns […]

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Ohio Files Motion to Lead JPMorgan ‘Whale’ Fraud Suit

July 19, 2012

The following article is brought to you by Dan Hart at BusinessWeek.Com. Ohio Attorney General Mike DeWine filed a motion seeking to lead a proposed class-action lawsuit against JPMorgan Chase & Co. (JPM) (JPM) involving the activities of a U.K. trader known as the “London Whale.” Ohio pension funds lost more than $27.5 million due […]

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The Games Played By JP Morgan Chase

July 19, 2012

The following article is brought to you by Robert Lenzner at Forbes.Com. This is the Wall Street version of Games People Play, circa 2012. It is played most expertly by the nation’s leading accountancy firms and their counterparts, the chief financial officers of major public companies. The only way for JP Morgan Chase to report […]

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