How Jpmorgan Lost $2 Billion Without Really Trying

The bank won't say, but clues are surfacing

ASK NEWS:
  • Monday Money Tip: Litigation over LIBOR rate could mean refunds for ... - Philly.com
    ... traders and other professional investors who lost money trading in ... and global bank: Credit Suisse Group, Bank of America, JPMorgan Chase, ...
    09/22/2014 - 3:24 pm | View Link
  • Opportunity Cities: The 19 Places Where You Can Make A Mark - Forbes.com
    ... careers (ages 25 to 39) might feel overwhelmed or lost in the shuffle ... Wexner brand, is also local), a 20,000-person JPMorgan Chase outpost, ...
    09/22/2014 - 11:36 am | View Link
  • Emerging Stocks Fall to 15-Week Low on China as Ibovespa Drops - BusinessWeek
    Emerging stocks fall to six-week low - Daily News South Africa
    09/22/2014 - 11:30 am | View Link
  • Currencies of Commodity Exporters Drop on China Outlook - Yahoo! Finance
    Currencies of Commodity Exporters Drop on China Outlook - BusinessWeek
    09/22/2014 - 9:28 am | View Link
  • Virginia drops fraud suit against JPMorgan Chase - Washington Post
    ... drops fraud suit against JPMorgan Virginia Attorney General Mark R ... general seeking redress for state pension funds that lost millions of
    09/22/2014 - 8:25 am | View Link
  • More
YAHOO NEWS:
  • Virginia drops fraud suit against JPMorgan Chase
    A roundup of business news from around the world.
    09/22/2014 - 8:18 pm | View Link
  • Virginia drops JPMorgan from mortgage securities fraud lawsuit
    Virginia is suing country?s largest banks for misleading a state retirement fund.
    09/22/2014 - 6:48 pm | View Link
  • Virginia drops fraud suit against JPMorgan units
    Virginia said on Monday it had dropped lawsuits against two units of JPMorgan Chase & Co that accused them of defrauding the state's retirement fund in the run-up to the 2008 financial crisis. The banks, J.P. Morgan Securities LLC and WaMu Capital Corp, were among 13 that Virginia Democratic Attorney General Mark Herring sued last week. He is seeking $1.15 billion in damages, charging the banks ...
    09/22/2014 - 5:25 pm | View Link
  • Monday Money Tip: Litigation over LIBOR rate could mean refunds for some
    If you read the fine print in your mortgage, student-loan documents, or credit-card statements, you may discover you're paying an obscure interest rate on your borrowing. And you may be owed some money.
    09/22/2014 - 3:22 am | View Link
  • JPMorgan Writes Off Brazil Bond Pickup as Elections Loom
    Companies in Brazil are shunning the local bond market on speculation President Dilma Rousseff, who’s presided over an economy plagued by surging inflation and a lack of growth, will be re-elected.
    09/17/2014 - 10:05 am | View Link
  • More
BING NEWS:
  • Virginia drops JPMorgan from mortgage securities fraud lawsuit
    It parallels legal actions being taken across the country by attorneys general seeking redress for state pension funds that lost millions of dollars in the financial crisis. VRS, which has 600,000 members, purchased 220 residential-mortgage-backed ...
    09/22/2014 - 12:27 pm | View Link
  • Virginia drops fraud suit against JPMorgan units
    He said the fund lost $383 million when it was forced to sell the securities. The case follows many other states' resolution of similar cases over losses that state funds suffered from pools of mortgages considered to be at the center of the 2008 financial ...
    09/22/2014 - 10:27 am | View Link
  • Interesting March 2015 Stock Options for JPMorgan Chase
    Any upside above $65 would be lost if the stock rises there and is called away, but JPM shares would have to advance 6.2% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 8.2% ...
    09/22/2014 - 5:55 am | View Link
  • Christ Church Cathedral claims JPMorgan mismanaged trust funds
    Christ Church Cathedral claims JPMorgan mismanaged trust funds Trust funds established from bequest of Eli Lilly Jr. lost about 20 percent of value under management of nation's largest bank, lawsuit says. Check out this story on IndyStar.com: http://indy ...
    08/13/2014 - 7:08 am | View Link
  • JPMorgan Whines: 'We Lost a Leader Because We're Overregulated'
    He doesn't have an investment banking background, and so hasn't been knee-deep in the dark arts of derivatives trades that lost JPMorgan $6.2 billion during the 2012 London Whale debacle. Fine. But those trades are now supposedly illegal under the Volcker ...
    03/26/2014 - 9:53 am | View Link
  • More
BING SEARCH:
  • 2012 JPMorgan Chase trading loss
    In April and May 2012, large trading losses occurred at JPMorgan's Chief Investment Office, based on transactions booked through its London branch. The unit was run ...
    09/22/2014 - 4:58 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 ...
    09/22/2014 - 11:00 am | 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 ...
    09/22/2014 - 6:14 am | View Website
  • Vatican Bank Scandal — JP Morgan, HSBC Cease Doing ...
    An 11-month Financial Times investigation reveals mismanagement at Vatican Bank Many do not realize that the Vatican manages a banking empire with
    09/22/2014 - 12:30 am | 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 ...
    09/21/2014 - 7:15 pm | View Website
  • More
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