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
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  • 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
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  • Interesting November Stock Options for JPMorgan Chase
    Any upside above $60 would be lost if the stock rises there and is called away, but JPM shares would have to advance 1.8% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 4.4% ...
    07/28/2014 - 9:10 am | 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 - 10:23 pm | View Link
  • JPMorgan just lost one of the few people who could take over for Jamie Dimon
    JPMorgan Chase is losing one of its highest ranking senior executives. Michael Cavanagh, the bank’s co-head of investment banking, is joining the Washington, DC-based private equity firm Carlyle Group, according to reports this morning. Daniel Pinto ...
    03/25/2014 - 9:56 am | View Link
  • JPMorgan Lost Madoff in a Blizzard of Paper
    Did JPMorgan Chase deliberately cover up Bernard L. Madoff’s fraud? The documents released this week by federal prosecutors do not show it did, and I suspect it did not. JPMorgan was penalized for failing to report “suspicious activity” in Mr. Madoff ...
    01/9/2014 - 12:09 pm | View Link
  • Analyst asks JPMorgan's Dimon, "Have you lost a step?"
    (Reuters) - Mike Mayo, a banking analyst known for his outspoken and combative ways, challenged JPMorgan Chase & Co Inc CEO Jamie Dimon on Friday, asking him if he had "lost a step" and whether the bank had become too big to manage in the wake of a massive ...
    07/13/2012 - 2:47 am | View Link
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  • 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 ...
    07/29/2014 - 7:29 pm | View Website
  • JPMorgan Chase News, Photos and Videos
    Browse JPMorgan Chase latest news and updates, watch videos and view all photos and more. Join the discussion and find more about JPMorgan Chase at
    07/29/2014 - 3:47 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 ...
    07/29/2014 - 2:19 am | 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 ...
    07/28/2014 - 9:32 pm | View Website
  • 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 ...
    07/28/2014 - 10:27 am | View Website
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