How Jpmorgan Lost $2 Billion Without Really Trying

The bank won't say, but clues are surfacing

ASK NEWS:
  • Paperless billing? Careful — nothing online is as simple as they ... - Minneapolis Star Tribune
    Go paperless? Spare me the pain - Miami Herald
    10/20/2014 - 1:14 pm | View Link
  • Dollar Drops Versus Higher-Yielding Peers; Ruble Slides - BusinessWeek
    Global equities have lost about $4.3 trillion of value in the past four ... JPMorgan Chase & Co.’s Global FX Volatility Index touched the highest
    10/20/2014 - 11:02 am | View Link
  • Emerging Stocks Rise for Second Day on China Plan; Ruble Drops - Washington Post
    ... in Turkey added 1.1 percent, while the Micex Index lost 0.6 percent in ... over U.S. Treasuries added two basis points to 319, JPMorgan Chase & ...
    10/20/2014 - 10:03 am | View Link
  • Apple Pay, the new mobile payment app for iPhone 6, debuts - New York Daily News
    An ode to Apple's fading iPod: It begat the iPhone - ZDNet
    10/20/2014 - 9:44 am | View Link
  • Banking Sector Reports Quarterly Financial Results - Reuters
    Earnings Releases, Conference Call Schedule, Acquisitions, Drug ... - KHQ Right Now
    10/20/2014 - 9:27 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:
  • Here's where JPMorgan Private Bank is investing
    Read More Warren Buffett just lost $1 billion on this Specifically, he likes pro-cyclical mid-cap stocks in the United States, such as financials and technology. "We've [also] been flirting with energy at this point because it looks a lot more interesting ...
    10/20/2014 - 11:02 am | View Link
  • JPMorgan: Results Suggest $66 Fair Value
    Over the past year, they are up 3.5%, which still lags the S&P 500's 8.2% gain. This lackluster performance may lead some to wonder whether Mr. Dimon has lost his touch. However, operating results, which is all management can directly control, continue to ...
    10/20/2014 - 6:11 am | View Link
  • JPMorgan’s Dimon: There will be wins, losses in battle against cyber threats
    (Unlike the recent breaches at Target and Home Depot, JPMorgan claims not to have lost payment card information. Rather, attackers may have obtained stolen names, mailing addresses, email addresses, and the like.) During the call, CFO Marianne Lake said ...
    10/17/2014 - 6:03 am | View Link
  • Dimon, JPMorgan CEO Warns Of Increase In Cyber Threats
    “It’s going to be an ongoing battle, and unfortunately battles will be lost.” “We do think that, unfortunately, there are going to be some wins and losses in this,” said Dimon. “We don’t want to be sitting here saying you will absolutely be ...
    10/15/2014 - 12:09 pm | View Link
  • JPMorgan CEO says more to be done on cyberattacks
    "Cyber is a big deal," Dimon said on a call with reporters on Tuesday. "It's going to be an ongoing battle, and unfortunately, battles will be lost." JPMorgan is currently spending about $250 million a year on cyber security, and employs about 1,000 people ...
    10/14/2014 - 10:21 pm | View Link
  • More
BING SEARCH:
  • The London Whale
    The trader known as the London Whale lost at least $6.2 billion for JPMorgan Chase & Co. in 2012. That’s a lot of money until you remember that it didn’t stop the ...
    10/25/2014 - 6:25 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 ...
    10/24/2014 - 9:50 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 ...
    10/24/2014 - 4:56 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 ...
    10/24/2014 - 8:35 am | 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 ...
    10/24/2014 - 2:44 am | View Website
  • More
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