How Jpmorgan Lost $2 Billion Without Really Trying

The bank won't say, but clues are surfacing

  • GlaxoSmithKline's (GSK) CEO Andrew Wittyon Q2 2014 Results - BioPortfolio
    Mark Clark - Deutsche Bank James Gordon - JPMorgan Steve Scala - Cowen ... so that we can replace the significant sales we lost to generics and
    07/23/2014 - 3:46 pm | View Link
  • Most Emerging Stocks Advance on China Data While Won Weakens - Bloomberg
    Most Emerging Stocks Advance on China Data While Won Weakens - BusinessWeek
    07/23/2014 - 2:38 pm | View Link
  • Interest in riskier bonds rises - The Australian
    ... cent on average since early February, when a JPMorgan index tracking ... Brazil’s real lost 1 per cent, but bonds denominated in the currency
    07/23/2014 - 12:24 pm | View Link
  • Repsol Charmed by Canada's Talisman -
    Talisman Shares Halted, Confirms Repsol Bid - Yahoo! Finance
    07/23/2014 - 11:22 am | View Link
  • Big banks made $650 million off of Fed’s QE program - Fortune
    JPMorgan lost $6 billion dollars. But it also appears to have made the bank some excess casharound $10 millionfrom QE.
    07/23/2014 - 10:34 am | View Link
  • More
  • FCA Confirms Ex-JPMorgan 'Rainmaker' Ian Hannam's Market Abuse Fine
    The Financial Conduct Authority has confirmed that one of Britain's most prominent bankers Ian Hannam, who was dubbed the 'King of Mining' and 'JPMorgan's Rainmaker', has to pay the $450,000 fine it imposed on him in 2012. The FCA said in a statement that Hannam engaged in two instances of market abuse, by disclosing inside information other than in the proper course of his employment in two ...
    07/22/2014 - 5:26 am | View Link
  • UK regulator confirms $770,000 fine on ex JPMorgan banker Hannam
    Britain's financial watchdog on Tuesday confirmed a 450,000 pound ($768,000) fine on high-profile former JPMorgan banker Ian Hannam for market abuse after a long and complex court battle. "It (the Tribunal judgment) should leave market participants in no doubt that casual and uncontrolled distribution of inside information is not acceptable in today's markets," said Tracey McDermott, the head of ...
    07/22/2014 - 5:20 am | View Link
  • JPMorgan in Rules Dispute Cedes Loan Share to Nonbanks
    Wells Fargo last week reported that originations fell 58 percent to $47 billion from a year earlier, the lowest second- quarter result in more than a decade.
    07/18/2014 - 5:54 am | View Link
  • JPMorgan pulls back from mortgage lending on foreclosure worries
    By David Henry NEW YORK (Reuters) - JPMorgan Chase & Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees. The shift reflects a change in the way JPMorgan runs its mortgage business: while it used to regard collateral and ...
    07/15/2014 - 7:14 pm | View Link
  • S&P 500 Movers: LO, JPM
    In early trading on Tuesday, shares of JPMorgan Chase (JPM) topped the list of the day's best performing components of the S&P 500 index, trading up 3.4%.  Year to date, JPMorgan Chase has lost about 0.5% of its value.
    07/15/2014 - 12:46 pm | View Link
  • More
  • Regulator confirms fine on former JPMorgan banker
    Hannam lost his court battle against the Financial Conduct Authority’s findings in May and was awaiting confirmation about the level of the fine. — Reuters
    07/22/2014 - 1:00 pm | View Link
  • UK regulator confirms $770,000 fine on ex JPMorgan banker Hannam
    Hannam lost his court battle against the Financial Conduct Authority's (FCA) findings in May and was awaiting confirmation about the level of the fine. ($1 = 0.5859 British Pounds) (Reporting by Kirstin Ridley, editing by Clare Hutchison)
    07/21/2014 - 10:46 pm | View Link
  • FCA Confirms Ex-JPMorgan 'Rainmaker' Ian Hannam's Market Abuse Fine
    Hannam also agreed not to contest the financial penalty. At the end of May 2014, Hannam lost his appeal against the FCA, previously the Financial Services Authority (FSA), after the markets watchdog gave him one of the largest ever fines imposed on an ...
    07/21/2014 - 9:26 pm | View Link
  • JPMorgan Profit Falls 8% as Securities Trading Income Drops
    Bankers maintain that volumes will rebound eventually, but some investors worry that much business may be lost forever due to regulatory changes designed to make the banking system safer. JPMorgan, the second largest US mortgage lender after Wells Fargo ...
    07/15/2014 - 1:22 am | View Link
  • Dow Earnings Season: What to Expect From Goldman Sachs and JPMorgan Chase Tomorrow
    Otherwise, investors in the Dow Jones Industrials might well conclude that the average's banking components have lost part of their competitive edge against its most important rivals. JPMorgan Chase + Apple? This device makes it possible. Apple recently ...
    07/14/2014 - 5:54 am | View Link
  • More
  • The London Whale
    The trader known as the London Whale lost more than $6.2 billion for JPMorgan Chase & Co. last year. That’s a lot of money until you remember that it didn’t stop ...
    07/23/2014 - 4:38 pm | View Website
  • David Dayen: Out of Control
    By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen. There’s been an unlikely yet welcome resurgence of ...
    07/23/2014 - 1:17 pm | View Website
  • Event Calendar
    Corporate Responsibility At JPMorgan Chase, we believe that being profitable and doing good works for the people and the world around us aren't exclusive of each ...
    07/22/2014 - 8:49 pm | View Website
  • JPMorgan Chase
    JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States, with total assets of US ...
    07/22/2014 - 3:56 pm | View Website
  • Chasing Answers about My Chase Loan Modification ...
    One woman's relentless chase to get a Chase home loan modification (by Cooler By A Mile)
    07/22/2014 - 6:16 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News