WASHINGTON, Oct 10- The chief executive of JPMorgan Chase& Co said he should have caught the " London whale" derivatives trades that resulted in a multibillion-dollar loss for the bank. So far, JPMorgan has estimated its total trading loss at $5.8 billion.
"Businesses make mistakes, they learn from it, and they get better for it," said JPMorgan CEO Jamie Dimon talking about the "London Whale" debacle, reports CNBC's Bertha Coombs.
Jamie Dimon, CEO of JPMorgan, says the economy would have been booming if the U.S. would have adopted Simpson-Bowles.
New York Times staff writer Susan Dominus, discusses her latest article, which is about Ina Drew, one of the most powerful women on Wall Street. She looks at her resignation from JPMorgan and the steps leading up to the bank giant's $6 billion trading loss.
*Barry Zubrow was on watch when derivatives risk grew. Oct 5- Barry Zubrow, who was head of risk management at JPMorgan Chase& Co when the bank was building a dangerously large position in credit derivatives, is retiring. Zubrow, 59, will leave the company at the end of the year, according to an internal memo from CEO Jamie Dimon, which the bank released on Friday.
Bethany McLean, Vanity Fair, spent four months with JPMorgan CEO Jamie Dimon to get a sense of what the enigmatic banker is really like.
The multi-billion dollar fraud lawsuit against JPMorgan Chase for alleged misconduct at Bear Stearns may be just the beginning in a wave of cases brought against financial firms for their practices before the financial crisis, New York State Attorney General Eric Schneiderman told CNBCs Power Lunch on Tuesday. hr<!-- -->
NEW YORK, Oct 1- New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase& Co on Monday over mortgage-backed securities packaged and sold by the former Bear Stearns. JPMorgan, which bought Bear Stearns for $10 a share in March 2008, said in a statement it would contest the allegations.
*Irene Tse ran North America side of CIO office. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.
*Irene Tse ran North America unit of troubled unit. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.
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.