For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.» Read More
Jill Cuniff, Edge Asset Management president explains why JPMorgan remains her top holding, despite its $2 billion trading blunder.
JPMorgan’s next move depends on what happens in the credit markets. If investors become fearful about companies’ prospects , JPMorgan’s bet could face even bigger losses, The New York Times reports.
CNBC's Mary Thompson reports the latest details from JPMorgan's shareholder meeting in Tampa, Florida, after disclosing a massive trading loss last week.
Investors are expected to grill JPMorgan's CEO at its yearly shareholder's meeting in Tampa, Florida over the more than $2 billion in trading loses. CNBC's Mary Thompson reports the details. Also, Robert Lowenstein, BusinessWeek contributor and Tom Stemberg, Highland Capital Partners, discuss the fallout of the bungled trade and Wall Street's game of risk.
Donald Trump, Trump Organization chairman & president, sounds off on the JPMorgan trading blunder and wonders whether Facebook's Mark Zuckerberg will obtain a prenuptial agreement if he marries his girlfriend.
Corporate leaders from Best Buy to Chesapeake Energy are finding themselves under scrutiny. Andrew Stoltmann, Stoltmann Law Offices and Umesh Ramakrishnan, CTPartners, discuss whether forgiveness is something investors should have for CEOs.
Discussing JPMorgan Ina Drew's retirement announcement amid the firm's $2 billion trading loss, with Bethany McLean, Vanity Fair contributing editor and CNBC contributor.
The "Power Lunch" team discusses some of today's major headlines, including whether California's $16 billion deficit is a bigger worry for the U.S. economy than the euro zone crisis, with CNBC's John Carney, Simon Hobbs, Tyler Mathisen and Sue Herera.
California Governor Brown answers what impact Facebook's IPO might have on closing the state's $16 billion deficit, with CNBC's Jane Wells.
CNBC's Mary Thompson reports on the Obama administration's reaction to JPMorgan's $2 billion trading loss.
David Katz, Matrix Asset Advisors and Larry Adams, Deutsche Bank Private Wealth Management, discuss JPM's $2 billion loss, its impact on the financial sector and how investors can navigate market uncertainty.
The "Squawk on the Street" news team reports Yahoo's CEO Scott Thompson has resigned and is replaced by three new board members; three top executives at JPMorgan are set to leave after the company reported a $2 billion loss; and the markets are poised to open on the downside following continued concerns in the euro zone.
JPMorgan’s $2 billion trading loss could lead to “knee-jerk” reactions by regulators, risking regime arbitrage between countries, Barclays co-CEO of investment banking Rich Ricci told CNBC.
Stephen Roach, former Morgan Stanley Asia non-executive chairman, discusses what it will take to get the markets and economy moving again and restore investor confidence, on the heels of JPMorgan's recent loss.
Austan Goolsbee, former C.E.A. chairman, discusses the huge losses at JPMorgan and defends the need for the Volcker Rule to oversee big bank activities.
JPMorgan's Jamie Dimon told NBC's "Meet the Press," he admits the $2-billion trading loss damages his argument against excessive regulations. John Kanas, BankUnited chairman, president & CEO and Camden Fine, Independent Community Bankers of America president & CEO, discuss the fallout from the banking blunder and the future of investment banks.
Three high-ranking officers are expected to leave JPMorgan Chase this week, people familiar with the situation told The Wall Street Journal, in the latest fallout from a trading blunder that has cost the bank at least $2 billion.
Although JPMorgan Chase suffered a trading loss of at least $2 billion due to a failed hedging strategy, it will not be life threatening to the bank, CEO Jamie Dimon said in an interview aired Sunday.
A preview of JPMorgan's CEO, Jamie Dimon's interview on "Meet the Press". Also, CNBC's John Harwood reports JPM's $2 billion banking blunder is drawing increased Congressional scrutiny, and debating whether it's time to break-up the big banks, with Rep. Brad Sherman, (D-CA); Rep. David Schweikert, (R-AZ); and Bill Isaac former FDIC chairman.
Is the market headed higher or lower from here? Zachary Karabell, River Twice Research president and Stephen Weiss, Short Hills Capital, make a bull and bear case for the direction of the markets and U.S. economy.