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JPMorgan Chase & Company will pay Chairman and CEO Jamie Dimon $20 million for his work during 2013, after restoring most of the $11.5 million cut directors inflicted a year earlier after the company’s spin-off loss. On Friday, in…>read moreNo Comment January 24, 2014
Financial giant JPMorgan Chase reported losses this quarter because of high legal costs. This was unexpected, as JPMorgan’s core business has produced positive results and strong profits this quarter. The country’s largest bank by assets made $23.12 billion…>read moreNo Comment October 11, 2013
JPMorgan chief executive Jamie Dimon met with Attorney General Eric Holder regarding the company’s mortgage-backed securities situation. An insider with knowledge of the situation spoke on anonymity. On the condition of anonymity, a government official familiar with ongoing…>read moreNo Comment September 26, 2013
JPMorgan Chase &Co, the largest bank by assets, is being criminally investigated by the U.S. Department of Justice over its mortgage-backed securities. The mortgage backed securities were securitized loans on mortgages using the equity value as collateral. The primary issue…>read moreNo Comment August 7, 2013
The annual bonus for Jamie Dimon has been cut in half by JPMorgan Chase & Co’s board of directors, who cited the company’s $6.2 billion “London Whale” trading loss, according to Reuters. “As chief executive officer, Mr. Dimon…>read moreNo Comment January 16, 2013
On Friday, JPMorgan Chase said that a bad trade cost the bank $5.8 billion in 2012, which is triple the estimate it originally gave. The company also said that its possible traders tried to hide the blunder of the…>read moreNo Comment July 16, 2012
Jamie Dimon, the Chief Executive for JPMorgan Chase, made an appearance in front of lawmakers on Capitol Hill on Tuesday. He said that the bank was straightforward with its investors regarding the multibillion-dollar trading loss it suffered. “We disclosed…>read moreNo Comment June 20, 2012