Chase Ceo Says Bank 'strong' After $2b Loss

Chase CEO says bank 'strong' after $2B loss NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon is reassuring the bank's employees that the company is "very strong." In a letter sent to employees late Thursday that was obtained by The Associated Press, Dimon says no customers suffered as a result of the bank's mistakes.

  • JPMorgan: A Bad Judgment Call Or Systemic Failure?
    The week's topic du jour was CEO pay ... A loss of $2B would be concerning enough, except that it really wasn't just a loss of $2B. The loss is quickly ballooning-- current estimates are $7 to $8B. While the bank can obviously recover from a $8B loss ...
    06/17/2012 - 2:05 am | View Link
  • JPMorgan Chase CEO tells Congress senior executives will 'likely' lose pay over $2B trading losses
    WASHINGTON — JPMorgan Chase CEO Jamie Dimon told Congress this morning that senior ... suggested last week that the bank lacked strong controls to contain risk in its investment operations. And The Wall Street Journal reported Tuesday that some senior ...
    06/13/2012 - 12:09 am | View Link
  • JP Morgan Chase CEO Jamie Dimon Apologizes for $2B Loss
    The head of America’s biggest bank has apologized for risky dealings that incurred ... we can and must demand that banks take risk management seriously, and maintain strong controls," he said. The ranking Republican on the committee, Senator Richard ...
    06/12/2012 - 1:00 pm | View Link
  • JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle Claims Its First Scalp
    First JPMorgan Chase & Co. (NYSE: JPM), the largest U.S. bank by assets ... JPMorgan's chairman and CEO, in a statement. It's important to remember that our company is very strong and well capitalized, with leading franchises across our businesses.
    05/13/2012 - 7:05 am | View Link
  • JPMorgan Chase acknowledges $2B trading loss
    Other bank stocks, including Citigroup and Bank of America, suffered heavy losses as well. “The portfolio has proved to be riskier, more volatile and less effective as an economic hedge than we thought,” CEO Jamie ... has been a strong critic of ...
    05/10/2012 - 7:37 pm | View Link
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  • Bank stocks hurt after surprise $2B JPMorgan loss
    JPMorgan Chase stock lost more than 8 percent of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a ...
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  • Kevin Watters Named CEO of Mortgage Banking at Chase ...
    JPMorgan Chase (NYSE: JPM) announced today that Kevin Watters would be named CEO of Mortgage Banking. Watters previously ran Mortgage Origination and
    12/18/2012 - 7:48 am | View Website
  • JPMorgan CEO Dimon says execs responsible for $2B loss may ...
    JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay ...
    06/13/2012 - 12:02 pm | View Website
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