One of Europe’s largest hedge funds, Brevan Howard, reaped the rewards from being on the other side of JPMorgan’s infamous “London Whale” trade earlier this year by buying up tranches of mortgage and corporate bonds.
A veteran CIA "deception detector" reviewed videotapes of high-profile financial figures — based on years of drawing confessions from spies. Here are his findings.
Former CIA interrogator Philip Houston sits down with CNBC's Eamon Javers and analyzes Mary Thompson's interview of JP Morgan CEO Jamie Dimon. Houston describes what he thought Dimon really meant when he answered the questions.
A preview of what to expect as banks begin reporting earnings this week, and how to trade the sector, with Dick Bove, Rochdale Securities.
Mad Money host Jim Cramer shares his final thoughts of the day.
With losses mounting and JP Morgan Chase looking at clawbacks of executive pay, the beleaguered bank has a clear path to redemption, “Mad Money” host Jim Cramer said Friday.
JPMorgan is the first major company to clawback pay from senior executives linked to the nearly $6 billion dollars in trading losses at its Chief Investment Office
We culled through a decade’s worth of earnings misses, mistakes, and utter catastrophes to bring you some of the worst quarterly performances in the history of the S&P 500.
CNBC's Mary Thompson reports the latest details on JPMorgan reclaiming pay from former executives responsible for the company's trading blunder, and discussing how the losses will impact the stock, with Gerard Cassidy, RBC Capital Markets.
CNBC's David Faber reports the latest details from JPMorgan's conference call, with John Allison, BB&T former chairman & CEO.
Steve Crawford, Centerview Partners co-founder & partner, and John Kanas, BankUnited chairman & CEO, discuss the fallout from JPMorgan's trading losses and the impact on big banks.
Will compensation structures change on the Street because of recent questions raised about the integrity of trading marks? Sallie Krawcheck, former Bank of America Merrill Lynch Global Wealth Management president, weighs in.
John Allison, BB&T former chairman & CEO; Sallie Krawcheck, former Bank of America Merrill Lynch, Global Wealth Management president; and Jacob Frenkel, Schulman Rogers partner, discuss JPM's restatement of trading losses and financial reports, and its impact on the company's stock, top management, and investor confidence.
Europe is trying to put patches on something that leaks, says Warren Buffett, Berkshire Hathaway CEO, commenting on the EU's current fiscal problems, adding "the system cannot survive" the way it is currently designed. Buffett also weighs in on the Libor rate scandal and JPMorgan's Jamie Dimon, calling him "one of the best bankers in the world," despite the company's huge trading losses.
"We like JPMorgan going into this quarter," says Betsy Graseck, Morgan Stanley, discussing what to expect from JPM's quarterly numbers and conference call later this morning.
The decision by U.S. regulators to overhaul supervision of the country's largest banks following the financial crisis left front-line suprevisors without a deep knowledge of JPMorgan's trading operations during a brief yet critical moment, the New York Times reports.
Current and former brokers of JPMorgan Chase say the bank, one of the nation’s largest mutual fund managers, emphasized its sales over clients’ needs, the New York Times reports.
Late in May, facing a wrongheaded internal credit-derivatives trade that had already generated $2 billion in losses, senior managers at JPMorgan found themselves staring at a worst-case scenario that pegged the ultimate losses related to unwinding the trade put on by a U.K. trader — now nicknamed “the London Whale” — at as much as $9 billion, says someone familiar with the matter.
"They ruled six to nothing, that not only did I not insider trading but I violated no ethical rules nor any standards of conduct," says Rep. Spencer Bachus, (R-AL) Alabama, discussing insider trading charges brought against him and the results of an Office of Congressional Ethics investigation that followed.
JPMorgan has sold off 65-70% of its losing "London Whale" position, with CNBC's Kate Kelly.