jp-morgan

Max Rivlin-Nadler · 10/19/13 02:27PM

JP Morgan is close to a record $13 billion settlement with the Justice Department over its role in the crooked mortgages that led to the 2008 financial crisis.

Jamie Dimon Vs. JPMorgan: One Must Go

Hamilton Nolan · 10/15/13 09:11AM

Jamie Dimon is one of the most admired CEOs on Wall Street. Under his watch, JPMorgan Chase has been penalized for multiple legal violations, capped by the largest legal fines in banking history. Should Jamie Dimon be fired? Well, if not, his bank should be destroyed.

Jon Stewart Examines the Silliness of Jamie Dimon's Senate Testimony

Matt Toder · 06/14/12 10:30PM

Recently, J.P Morgan CEO Jamie Dimon traveled to Washington DC to explain his company's massive losses to the Senate banking committee. Problem is a lot of those guys are getting campaign donations from J.P. Morgan. On tonight's Daily Show, Jon Stewart broke it all down.

Insane J.P. Morgan Stalker Is Why You Shouldn't Date Investment Bankers

Max Read · 12/06/11 10:40AM

Sure, dating an investment banker seems nice. He's rich! He dresses well! So what if he's married? He takes you out on his boat! And then he follows you to London, breaks into your apartment, steals candlesticks, pretends to be an Israeli secret agent, and puts a tracking device in your bag.

How American Banks Are Engineering the Next Apocalypse, Again

John Cook · 11/02/11 02:31PM

Remember credit default swaps? AIG? Hopelessly entangled exotic financial instruments tied to esoteric asset valuations that caused cascading defaults in 2008 and threatened to tank the global financial system unless taxpayers ate all the losses? Remember how we reformed Wall St. to make sure that never repeated itself? Someone tell Goldman Sachs, JPMorgan, and Morgan Stanley, because they've teed the whole damn thing up again, this time in Europe.

Lawsuit Claims JPMorgan Ripped Off Its Clients

Jeff Neumann · 04/11/11 12:15AM

Some former clients have filed a class action lawsuit against JPMorgan saying their bests interests weren't taken into account as the financial world first started to collapse in 2007 and, shockingly, that the bank actually profited $1.9 billion from the demise of London-based investment vehicle Sigma while the clients lost nearly $500 million in assets that JPMorgan didn't pull out. Oh the nerve of these not-as-rich-as-they-used-to-be people!

Jamie Dimon Will Have to Make Do

cityfile · 02/05/10 09:20AM

"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, who led the second-biggest U.S. bank to a profit each quarter of the financial crisis, got a bonus package valued at $17 million for 2009 that didn't include any cash. The 53-year-old banker, who got a $27.8 million bonus for 2007 and only a $1 million salary for 2008, received restricted stock units and options and no cash bonus for last year, spokesman Joseph Evangelisti said. The valuation of his 2009 bonus was based on a JPMorgan regulatory filing today. "It's consistent with past pay practices and returns," said Alan Johnson, founder of New York-based Johnson Associates Inc. "You could argue that for him, personally, pay could have been higher, but this isn't the year for them to have done that." There's always next year! [BN]

Dimon to Washington?

cityfile · 11/23/09 08:37AM

Is Jamie Dimon in line to replace Treasury Secretary Tim Geithner? That's that the Post suggests today, pointing to increased chatter in political circles that the JPMorgan Chase chief would make a "good fit," and Dimon's own efforts to build a higher profile in Washington in recent weeks. One thing that's for sure: 50 Cent is going to be crushed to hear this news today. [NYP]

JPMorgan Splits It Down the Middle

cityfile · 11/19/09 01:42PM

Goldman Sachs decided against holding a holiday party this year. Condé Nast revealed yesterday that it plans to proceed with its annual fête, albeit at a slightly less expensive restaurant. Now JPMorgan has weighed in. The party is on this year, which is certainly nice to hear. Not as nice: It will take place in the company cafeteria. [Dealbreaker]

Lloyd Blankfein Has Some Catching Up to Do

cityfile · 11/11/09 01:13PM

Goldman Sachs is on track to turn in its most profitable year ever, and the bank's near collapse last fall—along with the financial system as a whole—is quickly becoming a distant memory for Goldman chief Lloyd Blankfein. So why is he giving less money to charity than he did before the downturn?

The Lord's Work Pays Nicely

cityfile · 11/09/09 10:38AM

Goldman Sachs, Morgan Stanley, and JPMorgan Chase are all on track to pay record bonuses this year, as you've probably heard. "The firms—the three biggest banks to exit the Troubled Asset Relief Program—will hand out $29.7 billion in bonuses, according to analysts' estimates. That's up 60 percent from last year and more than the previous high of $26.8 billion in 2007." But as Goldman chief Lloyd Blankfein explained to the London Times over the weekend, they're doing "God's work," and you can't put a price on that, can you? [Bloomberg]