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jamie dimon

JPMorgan Chase & Company CEO Gets Raise after Billions in Fines

JPMorgan Chase & Company CEO Gets Raise after Billions in Fines 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 a…>read more

No Comment January 24, 2014

Quarterly Earnings Report: JP Morgan Sees $380 Million Loss due to Legal Costs

Quarterly Earnings Report: JP Morgan Sees $380 Million Loss due to Legal Costs 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 in revenues…>read more

No Comment October 11, 2013

Jamie Dimon Meets with Attorney General

Jamie Dimon Meets with Attorney General 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 negotiations among…>read more

No Comment September 26, 2013

JPMorgan Being Investigated Over MBS

JPMorgan Being Investigated Over MBS 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 is…>read more

No Comment August 7, 2013

Compensation for Jamie Dimon Reduced by JPMorgan Chase & Co Board of Directors

Compensation for Jamie Dimon Reduced by JPMorgan Chase & Co Board of Directors 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 bears ultimate…>read more

No Comment January 16, 2013

Bad Trade by JPMorgan Chase Ballooned to Over $5 Billion

Bad Trade by JPMorgan Chase Ballooned to Over $5 Billion 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 company.…>read more

No Comment July 16, 2012

Jamie Dimon, JPMorgan Executive, Faces Lawmakers

Jamie Dimon, JPMorgan Executive, Faces Lawmakers 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 what…>read more

No Comment June 20, 2012

Job of the Day
Capital Markets Counsel 3 Attorney
USA-NC-Charlotte

Wells Fargo & Company, a diversified financial services company, is seeking an experienced capital markets Attorney to join its Law Department in its Charlotte, NC office. The individual selected...