For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.» Read More
Sen. Richard Shelby, (R-AL) and Ranking Member of the Senate Banking Committee, delivers his opening statement. "It should not be the role of Congress to second guess decisions by private sector business," he says. "Regulators don't always meet our expectations."
CNBC's Andrew Ross Sorkin discusses what he will be watching ahead of Jamie Dimon's testimony before the Senate Banking Committee, and a look at the impact of today's hearing on JPMorgan's stock, with Todd Hagerman, Sterne Agee financial services analyst. Michael Scanlon, John Hancock Asset Management weighs in on whether the stock offers a buying opportunity.
Sen Tim Johnson, (D-SD) and chairman of the Senate Banking Committee, says although risk cannot be eliminated from the economy, banks must take risk management seriously and enforce strong controls.
CNBC's Mary Thompson provides a preview of Jamie Dimon's testimony before the Senate Banking Committee today.
The "Squawk on the Street" news team reports the market-moving stories of the day, including today's Senate Banking Committee hearing with Jamie Dimon; the upside potential in current markets; and Goldman Sachs' downgrade of McDonald's.
Mike Mayo, "Exile on Wall Street" author, weighs in on JPMorgan's huge trading losses, and explains his "Triangle of Tragedy" concept, which includes tracking a stock's performance under the company's current CEO.
"Was this gambling or managing risk?" asks Sen. Richard Shelby, (R-AL) and ranking member on the Senate Banking Committee, discussing what he wants to hear from Jamie Dimon during testimony today on JPMorgan's huge trading losses.
"Will we see another round of regulations?" asks Sallie Krawcheck, discussing today's Senate hearing on what went wrong with JPMorgan's trading losses, and the impact of complex regulations on banks.
Sharyn O'Halloran, Columbia University professor, provides a tick-by-tick look on how JPMorgan's $2 billion trading loss went down, and discusses the need for simpler regulations.
Major Garrett, National Journal White House correspondent, and CNBC's John Harwood report on the politics behind today's Senate hearing and provide a preview of questions likely to be asked of key witness Jamie Dimon.
Sallie Krawcheck, Motif Investing director, discusses what went wrong at JPMorgan; the impact of regulations on risk and hedging strategies; and defining the Volcker Rule.
CNBC's Andrew Ross Sorkin provides a preview of today's Senate Banking Committee hearing on Capitol Hill, where JPMorgan's CEO Jamie Dimon will deliver testimony on what went wrong with his firm's infamous trading losses.
A look at the U.S. markets ahead of the open, with CNBC's Ross Westgate, including whether the Fed will take additional steps to boost the global economy, and JPMorgan's Jamie Dimon's testimony before Congress.
CNBC's Eamon Javers discusses ways in which JPMorgan's CEO Jamie Dimon can "win" the congressional hearing tomorrow on Capitol Hill.
CNBC's Mary Thompson reports on Senator Johnson's opening statements ahead of JPMorgan CEO Jamie Dimon's testimony tomorrow.
Charlie Bobrinskoy, Ariel Investments vice chairman, explains why he believes "JPMorgan is still the strongest bank," and shares his top value picks right now.
CNBC's Sue Herera reports on what JPMorgan CEO Jamie Dimon might say in his testimony on Capitol Hill tomorrow.
Dissecting some of the headlines from JPMorgan CEO Jamie Dimon's statements in his testimony, with the Fast Money traders; and Greg Zuckerman, WSJ, discusses whether warning flags over JPMorgan's trading loss were raised years ago.
Investors are keeping a close eye on JPMorgan ahead of Jamie Dimon's testimony on Capitol Hill tomorrow. Enis Taner, RiskReversal.com, and Marty Mosby, Guggenheim Partners, discuss whether now is the time to buy JPMorgan.
Aaron Kwittken, Kwittken Company Worldwide CEO, offers advice for Jamie Dimon who will be testifying tomorrow before the Senate Banking Committee.