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.
David Gregory, "Meet the Press" host, discusses the details of JPMorgan CEO Jamie Dimon's appearance on his show.
Checking the charts on JPMorgan since the firm reported $2 billion in trading losses, with JC O'Hara, Phoenix Partners Group.
Forecasting Facebook's pricing and performance ahead of its initial public offering, with Steven DeSanctis, Bank of America Merrill Lynch and John Manley, Wells Fargo Advantage Funds.
Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.
It is almost certain that, at the very least, the Fed (not wanting to exacerbate its reputation for throwing taxpayer money at “Too Big To Fail” problems), would have backed JP Morgan off these trades long ago.
The surprising news of a $2 billion loss at J.P. Morgan is understandably shaking the markets and investor confidence.
These circumstances take on a fantasy-world quality in that many of us continue to believe the bankers are so scary smart about our markets and economy. What it really demonstrates is what chumps we sometimes have become.
One day after JPMorgan Chase announced that it had suffered a trading loss of at least $2 billion, Bill Gross, Pimco's managing director and co-CIO, said it was still one of the “best-run banks in the world.”
United States and British regulators have been in discussions with the bank for almost a month about the trading group that disclosed more than $2 billion in losses, The New York Times reports.
Bill Gross, Pimco managing director and co-CIO, is calling for a third round of quantitative easing from the Fed.
David Gregory, Meet the Press moderator, discusses JPMorgan CEO Jamie Dimon's interview on his show prior to the announcement of the firm's $2 billion trading loss.
US biggest bank in asset, JPMorgan, revealed on Thursday that it suffered a trading loss of at least $2 billion from a failed hedging strategy.
JP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline.
JPMorgan Chase is introducing its own prepaid credit card called Chase Liquid, in a move that could help it recoup revenue lost to new regulation.
Have the last few years left you looking like a cross-eyed Mary? Were your retirement plans bungled ... in the jungle? Maybe the financial collapse has left you feeling like a dead duck, spitting out pieces of your broken luck. Oh, Aqualung.
The U.S. economy is improving but "we wish it were stronger," JP Morgan Chase's chief financial officer told CNBC Friday.
Sharpen your pencils, it's Last Call quiz time.