Topic: Jamie Dimon

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JP Morgan $2 billion loss stirs memories of 2008 crisis (+video)

JP Morgan CEO Jamie Dimon dubs losses 'egregious,' but market analysts expect that, this time, the damage would be contained and not spread to the entire financial system.
JPMorgan reveals huge $2 billion trading loss

JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
Zuccotti Park to be cleaned up and Wall Street protesters cleared out

Zuccotti Park has been occupied by Wall Street protesters for the last four weeks, but in a sudden turn of events they will have to vacate the park tomorrow morning and will not be allowed to return with their sleeping bags, tarps, tables, or other gear.
Occupy Wall Street: Who are targets of 'millionaires march'?

Occupy Wall Street protesters Tuesday marched on the residences of some of the power brokers who they say are responsible, at least in part, for the nation's economic ills.
For both parties, deficit ceiling talks reveal fault lines

With debt ceiling talks showing no progress, some GOP leaders and constituencies are becoming concerned by the party's hard line in negotiations. Meanwhile, some Democrats are similarly worried about President Obama's bargaining.
Riddle me this, macroeconomists

Can the Fed intervene to 'stop panic' and, at the same time, make new rules so that future crises don't occur?
Jamie Dimon's bizarre idea about why the recovery has stalled

Strict banking regulations are to blame, Dimon says. Really?
Stocks close mixed as Nasdaq ekes out gain

Hewlett-Packard's lowered forecast pulled the Dow down, to close about 68 points lower than the previous session. The Nasdaq barely gained, rising 0.90 points just before closing.
JPMorgan earnings: one of five things to watch April 13

JPMorgan earnings will be released before the market opens. Also on tap: Obama's budget plan and more toxic assets for sale.
NFL season in judge's hands? One of five things to watch April 6.

NFL season could be saved if judge lifts an injunction on the lockout. Plus: Monsanto and Bed Bath & Beyond earnings and hot rental housing market.
iConomics: Six things to learn from Apple

Apple has ascended to 'über-success,' and other companies could learn a lot from watching.
Foreclosure news overshadows JPMorgan Chase earnings report

Reports that bankers ignored warning signs of a foreclosure crisis while lenders used flawed documents to foreclose on homeowners took the spotlight away from JPMorgan Chase's earnings report, Wednesday.
FTC should target Wall Street, not Apple

Apple isn't the problem. Wall Street's big banks are the problem.
Perversely in praise of the passive voice

Yes, it's wordy, weaselly, and wimpy – but sometimes useful, the Monitor's language columnist finds.
Commission: three reasons why the financial crisis happened

The Financial Crisis Inquiry Commission hearings have produced one moment of drama and a few theories from regulators and bankers about why the meltdown happened.
Financial Crisis Inquiry Commission: Top bankers contrite, sort of

At the first hearing of the Financial Crisis Inquiry Commission on Wednesday, top Wall Street executives acknowledge banks' role in the 2008 financial crisis but defend fat paychecks for employees.
JPMorgan earnings show 'too big to fail' banks getting bigger

JPMorgan Chase's surging earnings show that many of the biggest US banks are becoming more powerful. What happens if they get in trouble again?
ECONOMIC SCENE: US begins crackdown on CEO pay. Will it work?

In 1965, CEOs of major US firms made 24 times an average worker’s pay. By 2004, that ratio was 431 times.
Fed releases 'stress-test' criteria

Bank stocks rose Friday, but some question whether the evaluation of the nation’s major banks is tough enough.
Could bailout's pay caps launch Wall Street trend?

Some see the beginning of the end for huge compensation for financial titans. Others say the limits are too weak to bring real change.
Banking woes seem to ease. Is it a sign?

Evidence of stability includes easing US bond prices and bank moves to raise capital.