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London Whale

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…>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…>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…>read more

No Comment September 26, 2013