Jamie Dimon

On The Willis Report, Demos Senior Fellow Wallace Turbeville pushed back against guest host Dennis Kneale's assertion that federal investigations of JP Morgan are nothing more than a witch hunt stemming from CEO Jamie Dimon's criticisms of President Obama's economic...
10/14/2013
Video
The London Whale has surfaced again. The lingering question is whether the investigations will prove that whales, like fish, rot from the head. In the early months of 2012, JP Morgan Chase’s Chief Investment Office in London racked up $6.2 billion or so in losses as a complex strategy for...
08/12/2013
Blog
A JP Morgan Chase shareholder insurrection threatens to split the roles of Chairman and CEO, stripping Jamie Dimon of the chairmanship. People with reputations for wisdom and good judgment like Rupert Murdoch and Hank Paulson have rushed to defend the dapper and aggressive Dimon claiming that he is...
05/14/2013
Blog
The Senate Permanent Subcommittee on Investigations hearing and 300-page report (plus 200 pages of exhibits) on the London Whale is now being digested by the public and spun by JP Morgan Chase. The bank lost $6.2 billion and survived easily because of its immense size. Will it turn out to be a “...
03/20/2013
Blog
Last night, the Senate Permanent Subcommittee on Investigations released a searing 300-page report on JP Morgan Chase’s London Whale episode. The bank lost at least $6.2 billion through trading credit derivatives in a business unit tasked with reducing firm-wide risk, the Chief Investment...
03/15/2013
Blog
The FBI is reported to be looking into phone calls and theactions of four employees in its investigation into events surrounding the infamous “London Whale” trades that lost JP Morgan Chase upwards of $6 billion earlier this year. It has also been reported that the SEC is on the case....
10/16/2012
Blog
It is time to answer two questions: Do the large international banks consider themselves above the law? Do the principal bank regulators in the U.S. -- Treasury, the Fed, the Office of the Comptroller of the Currency and the Justice Department really care? Earlier this week, Standard Chartered...
08/16/2012
Blog
Staring back at me from the front page of Sunday’s New York Times was a headline that promised an answer to a puzzle that had endured for more than a month, and which I have explored here and here. The blame for the multi-billion dollar JP Morgan credit default swap fiasco had been discovered...
05/21/2012
Blog
The New York Times' Andrew Ross Sorkin (above, Credit/David A.Grogan) and Jim LaCampJP Morgan Chase’s “terrible, egregious mistake” has touched off a firestorm of utter nonsense, ignited by the Jamie Dimon’s subtle spinning and fanned by the misinformation parroted by the...
05/16/2012
Blog
Chase Tower in Rochester, New York/Flickr: kricav It was fitting that while President Obama and his Hollywood apostles broke fundraising records at a sumptuous $40,000 per plate dinner at George Clooney’s place, word of JPM Chase’s ‘mistake’ rippled through the news. Not...
05/14/2012
Blog
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