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.

BING NEWS:
  • 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 - 2:57 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 - 8:09 am | 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.
    05/14/2012 - 5:04 am | View Link
  • Jamie Dimon JP Morgan Chase $2B Loss Highlights the Need for Financial Regulation
    Though JP Morgan Chase CEO Jamie Dimon dismissed the $2 billion loss due to a failed hedging strategy as “a stupid thing” that it will not be life threatening to the bank during a Meet ... measures have prompted a strong rejection from voters not ...
    05/13/2012 - 4:26 pm | 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 ...
    05/11/2012 - 2:37 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 several ...
    05/11/2012 - 12:59 am | View Link
  • JPMorgan Chase acknowledges $2 billion trading loss
    JPMorgan Chase: London whale swallows $2B Chase launches new alternative to checking account Freddie Mac names former JPMorgan Chase executive as new CEO "The scary part of this is people thought that Chase was the best-run bank, maybe, on Wall Street ...
    05/10/2012 - 5:47 pm | View Link
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BING SEARCH:
  • JPMorgan CEO: Execs may have pay taken back after $2b loss ...
    JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 ... JPMorgan CEO questioned by Congress on $2b ...
    06/13/2012 - 10:58 am | View Website
  • JPMorgan CEO to testify on $2B-plus trading loss
    From Yahoo Finance: Jamie Dimon, chief ... JPMorgan CEO to testify on $2B ... suggested last week that the bank lacked strong controls to ...
    06/13/2012 - 6:47 am | View Website
  • JPMorgan CEO to testify on $2B-plus trading loss | Fox News
    Jamie Dimon, chief executive of the largest U.S. bank, will be asked Wednesday to explain how JPMorgan Chase lost more than $2 billion on risky trades and ...
    06/13/2012 - 3:20 am | View Website
  • Justice Department probing $2B loss at JPMorgan Chase Bank
    Justice Department probing $2B loss at JPMorgan Chase Bank CEO Jamie Dimon gets vote of ... bankers we’ve got,” he got another strong vote of confidence ...
    05/15/2012 - 5:09 pm | View Website
  • JPMorgan's $2B mistake aids those seeking stronger rules ...
    JPMorgan's $2B mistake aids those ... for USA TODAY. JPMorgan Chase CEO Jamie ... Even though JPMorgan is strong financially and was able to ...
    05/14/2012 - 6:19 am | View Website
  • JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle ...
    ... JPMorgan Chase's chief investment officer and a bank employee for ... $2B Trading Debacle Claims Its First Scalp. ... our company is very strong and well ...
    05/13/2012 - 1:58 pm | View Website
  • JPMorgan Chase acknowledges $2B trading loss
    JPMorgan Chase, the largest bank ... more volatile and less effective as an economic hedge than we thought," CEO ... JPMorgan has been a strong ...
    05/10/2012 - 11:56 pm | View Website
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