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3 Questions: Andrew Lo on JP Morgan’s multibillion-dollar trading loss
Earlier this month, heavyweight bank JP Morgan Chase announced it had lost at least $2 billion on a single trade — a figure that could grow as the firm struggles to unwind its position. The event has prompted a public airing of many questions: What went ...  
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JPMorgan Sold $25B in Securities to Mask Loss
Earlier this month CEO Jamie Dimon revealed that the bank had sold securities that generated $1 billion in gains, and a Reuters analysis breaks down the math: The bank sold an estimated $25 billion in profitable securities in order to generate ...  
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JPMorgan CEO Jamie Dimon asked to testify before Senate panel on June 7
WASHINGTON -- The chairman of the Senate Banking Committee said Friday he is asking J.P. Morgan Chase & Co. CEO Jamie Dimon to testify before the panel on June 7. Sen. Tim Johnson, the South Dakota Democrat who heads the committee, said he wants to ask ...  
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Sen. Johnson calls JPMorgan CEO to banking committee
WASHINGTON — Sen. Tim Johnson has scheduled a hearing with JPMorgan Chief Executive Officer Jamie Dimon before the Senate Banking Committee. Johnson, D-S.D., is the chairman of the committee. JPMorgan recently announced at least $2 billion in ...  
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JPMorgan dips into cookie jar to offset "London Whale" losses [sells $25...
JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades. CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to...  
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Dimon on NY Fed Board a Distraction, Solution Is to Remove the Fed from Bank...
By Mark A. CalabriaIt is not surprising that the recent losses at JP Morgan have resulted in calls by current and would-be politicians to remove bankers from the boards of the regional Federal Reserve banks, as JP Morgan CEO Jamie Dimon currently sits on the board of the New York Federal Reserve. There’s even a petition for the [...]Dimon on NY Fed Board a Distraction, Solution Is to Remove the Fed from Bank Regulation is a post from Cato...  
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J.P. Morgan Expanding China Operations
As a part of the move, the US based financial giant J.P. Morgan Chase & Co. (NYSE:JPM) will infuse nearly $394.08 million to its Chinese subsidiary – JPMorgan Chase Bank (China) Company. Shao Zili, chairman and CEO of JPMorgan Chase & Co ...  
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Should Jamie Dimon Resign From the New York Fed?: Poll
NEW YORK (TheStreet (Symbol : TST)) -- Calls for JPMorgan Chase (Symbol : JPM) CEO Jamie Dimon to step down from the board of directors of the New York Federal Reserve are growing louder following the disclosure of the bank's $2 billion trading loss.  
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Reputation Without Character Is Worthless
The saga of Jamie Dimon at JP Morgan Chase raises questions about the value of a good reputation.Reputation is something every leader possesses. What he does with it matters to the organization.Case in point: Jamie Dimon, CEO of JP Morgan Chase. The reason he has so far survived the derivative trading episode that cost his company over $2.5 billion and may cost twice that, is his reputation. He is the last lion standing from the heady pre-2008...  
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JPM Chairmanship Issues. Why Jamie Dimon Cannot Be Replaced Just Yet
Jamie Dimon who holds both the position of Chairman and CEO ... Any available public resume indicates there is no background in oil and gas trading.  Given that the price of oil is constantly referred to in financial media it means that someone else ...  
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JP Morgan targeted in Japan insider trading probe
TOKYO -- JP Morgan Chase faces a new regulatory headache, as Japan's securities watchdog is probing the company for possibly leaking insider information, according to a person familiar with the matter. JP Morgan was a lead underwriter for Nippon Sheet ...  
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JPMorgan's $2 billion trading loss raises pressure on CEO Jamie Dimon
By Pallavi Gogoi, The Associated Press NEW YORK, N.Y. - Pressure is building on CEO Jamie Dimon after JPMorgan Chase & Co.'s $2 billion loss in a trading blunder. JPMorgan's disclosure has led lawmakers ...  
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JPMorgan and its CEO lose credibility
JPMorgan Chase (JPM) stockholders, beware. JPM's ongoing multibillion dollar bleed from the London Whale's gamble-gone-wrong highlights two big, related risks facing the company: a hot-money bank run, and the disintegration of CEO Jamie Dimon's likely ...  
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JPMorgan losses could be $7 billion now
If you add in the drop in the stock price, then JPMorgan losses are more like $30 billion.Obama is of course mute when it comes to criticizing the banksters, especially when it involves an old pal like JPMorgan CEO Jamie Dimon.Dimon, in his comments on Monday, said the bank wasn’t going to keep [...]  
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Simon Johnson: Why Dimon must leave NY Fed board
(MoneyWatch) JPMorgan Chase (JPM) CEO Jamie Dimon sits on the board of directors of the Federal Reserve Bank of New York, which as one of the main institutions charged with supervising the financial giant is now looking into how the company ...  
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