Some of America’s biggest corporations are (very publicly) raising the minimum wages of their employees. This is better than nothing, but not as good as, say, dangling a CEO by his ankles and shaking him until all of his billions fall out.
JPMorgan Chase will reportedly pay at least $125 million to settle state and federal investigations into illegal debt collection methods. Compared to some of the other stuff they’ve done lately, that’s not bad! Give Jamie Dimon another raise. http://gawker.com/how-jpmorgan-r…
A church that gave its money to JPMorgan Chase to manage says that the bank robbed it blind. Here is a useful window into how legalized robbery on Wall Street works.
New York mayor Bill De Blasio says JPMorgan Chase's request for $1 billion in public subsidies for its new Manhattan headquarters is "a nonstarter." He said nothing about arresting Jamie Dimon for having the temerity to even ask. De Blasio's revolutionary credentials remain an undecided topic.
JPMorgan Chase asking for lavish public subsidies to build its new high rise towers in Manhattan just goes to show why such subsidies should be banned, and also why JPMorgan Chase is not all that popular, in general.
Jamie Dimon, the bulletproof head of JPMorgan Chase, has throat cancer. Though his prognosis is good, speculation about who will succeed him is already rampant. Allow us to offer some ideas for successors who are not "just another banker in a suit."
More good news for JPMorgan Chase, the investment bank which has paid $30 billion in fines in the last two years: the firm's ex-head of investment banking in China was recently arrested in Hong Kong by an anti-corruption agency in an investigation believed to be related to the bank's possibly-illegal nepotistic hiring…
JPMorgan's profit fell by 19% in the first quarter of this year, despite the fact that they just gave their CEO a raise, which should have fixed everything.
If you are a "normal" person with "common sense" values who doesn't always "get" the way that Wall Street works, here is a very simple lesson.
Billions of dollars of legal costs related to endless findings of wrongdoing cost JPMorgan Chase only 27 cents per share in the fourth quarter. The company's profits fell to a mere $5.28 billion in the past three months. The bank is no doubt severely chastened by the serious consequences for its misdeeds.
JPMorgan has agreed to pay a settlement of $2.6 billion for charges related to the bank's failure to stop Bernie Madoff's Ponzi scheme. In the past two years, the bank has paid close to $30 billion in legal settlements. That number is smaller than JPMorgan's profits, so Jamie Dimon will never get fired.
Yesterday, JPMorgan Chase agreed to pay a record $13 billion settlement as an apology for misleading investors about mortgage securities in the run up to the 2008 financial collapse. Can all of this be traced to a single ill-fated meeting in 2006?
JPMorgan Chase has agreed to pay $5.1 billion to settle claims that it misled Fannie Mae and Freddie Mac about mortgage securities it sold them in the lead up to the housing market crash. HuffPo's "JPMorgan Shame Tracker" reports that this puts JPMorgan's fine and legal cost bill since 2009 at $31.28 billion.
JPMorgan Chase, the massive and uncontrollable bank-monster which just paid a $13 billion fine and is run by a CEO who is doing a great job, now reportedly finds itself mired in yet another massive legal scandal. They're consistent, let's give them that.
Jamie Dimon is one of the most admired CEOs on Wall Street. Under his watch, JPMorgan Chase has been penalized for multiple legal violations, capped by the largest legal fines in banking history. Should Jamie Dimon be fired? Well, if not, his bank should be destroyed.
JPMorgan Chase is reportedly considering an $11 billion settlement over its handling of mortgage-backed securities leading up to the recession. "Billion" with a "B."
JP Morgan Chase, run by "America's Least-Hated Banker" Jamie Dimon, "now represents the greatest risk to the financial system."
Titanic financial firm JPMorgan Chase posted $6.5 billion in profits during its last quarter—a company record. For lying to multiple governments and its own investors about losses of $6 billion, however, the bank will have to pay just $920 million, or 0.03 percent of its current holdings. With total assets of $2.35…
Now Sun Trust and and Regions Financial have joined Wells Fargo and J.P. Morgan Chase & Co. in deciding that charging customers debit card fees on purchases is a stupid idea, the Wall Street Journal reports. This makes Bank of America the only loser bank among America's largest loser banks to keep its $5 fee plan. Way…
