During the frenzied days of September 2008, as the U.S. financial system teetered on the brink of collapse, the government chose winners and losers. Washington Mutual, the country’s largest savings and loan bank, fell into the latter camp. The author of "The Lost Bank" has the story of the biggest bank failure in American history.
Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
JPMorgan CEO Jamie Dimon says, "The most important thing to me is the United States of America," when asked about his position on regulation. "I hope I look back on everything I say is in the interest of the United States of America and not in the interest of JPMorgan."
Sean Dufffy, (R-WI), asks Jamie Dimon whether regulators are capable of regulating a big bank like JPMorgan. "I completely agree that taxpayers should never pay for big bank failure," says Dimon. "The system is far healthier," he adds.
Rep. Barney Frank, (D-MA), asks JPMorgan CEO Jamie Dimon why he thinks the derivatives business should be exempted from further regulation.
JPMorgan's Jamie Dimon delivers his opening statement to the House Financial Services Committee and addresses the issue of debt and the overall economy, with Rep. Donald Manzullo, (R-IL).
JPMorgan CEO Jamie Dimon is set to take the stand in front of the House Financial Services Committee, with CNBC's Mary Thompson.
CNBC's Steve Liesman and Tim Ryan, SIFMA CEO, discuss whether JPMorgan CEO Jamie Dimon missed an opportunity to discuss how the problems at JPMorgan could have been prevented by the Volcker Rule in his testimony yesterday.
Jamie Dimon faces the Senate Banking Committee; Dick Clark Productions up for sale; Greek bank withdrawals increase ahead of the election; Spain credit rating is slashed; Tim Geithner discusses jobs growth.
If the Jamie Dimon hearing was ever going to be more than just political theater, it would have answered at least one essential question: Would the Volcker rule have prevented the so-called hedges that led to $2 billion in losses at JPMorgan?
Jim Cramer calls JPMorgan CEO Jamie Dimon a "loser."
JPMorgan Chase CEO Jamie Dimon discusses his Senate testimony and how his company has dealt with its $2 billion trading loss, as well as steps taken to avoid similar losses in the future. "We're doing a real review," he says. "We will take the right actions at the right time."
Sen. David Vitter, (R-LA) asks Jamie Dimon whether bigger banks should have higher capital requirements and if he thinks the Volcker Rule is necessary.
When Sen. Bob Corker, (R-TN), asks JPMorgan's Jamie Dimon if regulations have made the banking system safer, he responds: "I don't know."
Charlie Bobrinskoy, Ariel Investments vice chairman, explains why he believes "JPMorgan is still the strongest bank," and shares his top value picks right now.
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.
Aaron Kwittken, Kwittken Company Worldwide CEO, offers advice for Jamie Dimon who will be testifying tomorrow before the Senate Banking Committee.
The fact is, we must rethink our understanding of business, the organization, and how we lead both, the author says.
Donald Trump, Trump Organization chairman & president, discusses how JPMogan's Jamie Dimon mishandled the firm's trading losses; his plans for the Doral golf resort near Miami; building a major film studio; and the direction of oil prices if President Obama is re-elected.
The former Fed chairman isn't worried by the size of the losses at JPMorgan's chief investment office. His reaction: "So what?"