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The Two-Way
New York Sues JPMorgan Over Mortgage-Backed Securities
October 1, 2012 The suit relates to the securities sold by Bear Stearns, which collapsed in 2008 and is now owned by JPMorgan. It's the suit first to be filed under the auspices of the RMBS Working Group, set up by President Obama to investigate and prosecute alleged misconduct that contributed to the financial crisis.
The Two-Way
JPMorgan Earned $5B In Second Quarter Even After $4.4B Trading Loss
July 13, 2012 Bank CEO Jamie Dimon says "all of our client-driven businesses had solid performance" and that "we have put most of this problem behind us."
Planet Money
Waiting For JPMorgan And The Whale
July 12, 2012 When the big bank reports second-quarter earnings on Friday, the real news will be how big its trading losses have grown. The answer could have repercussions for the entire banking sector.
The Two-Way
JPMorgan Will Move To 'Claw Back' Millions From Execs Who Bungled Billions
July 11, 2012 According to The Wall Street Journal, the bank will indeed seek to recover stocks paid to some of its top executives.
The Two-Way
JPMorgan's Losses 'May Reach $9 Billion'
June 28, 2012 "People who have been briefed on the situation," say the losses from bungled trading have more than tripled from the initial estimate, The New York Times reports. The bank isn't commenting for the record.
The Two-Way
JPMorgan Execs Who Bungled Billions May Have To Return Bonuses, Stock
June 13, 2012 "It's likely that there will be clawbacks," CEO Jamie Dimon told Congress today, invoking a term that those executives certainly didn't want to hear.
The Two-Way
JPMorgan Knew Of Risks, 'WSJ' Reports
June 12, 2012 After interviews with more than a dozen current and former executives at the bank, the newspaper concludes that it was warned about bets that would cost it more than $2 billion. A plan to roll them back wasn't properly implemented, the Journal says.
The Two-Way
As Feared, JPMorgan's Losses Are Growing; Reportedly At $3 Billion
May 17, 2012 The losses from ill-fated bets made by the bank's London office have been expected to mount. But they're rising even faster than some predicted. Still, JPMorgan's profits from other operations will likely offset the billion dollar blunders.
Planet Money
The 'Whale Sized' Loophole In A New Finance Rule
May 14, 2012 A new rule is supposed to ban banks from making speculative bets. But JPMorgan's $2 billion trading loss illustrates the challenge of putting the rule into effect.
The Two-Way
Reports: JPMorgan's Losses Could Top $4 Billion; Key Exec Departs
May 14, 2012 People familiar with the situation tell The Wall Street Journal that the bank's losses from a risky trading scheme will continue to mount in coming quarters. They also say, Bloomberg News reports, that JPMorgan may close the office responsible.
Planet Money
Trading Bonds, Not Making Loans, Is Fueling Banks' Profits
April 19, 2010 Bank of America, JPMorgan Chase, and Citigroup all turned a profit in the first three months of the year. The key to their success: Wall Street-style banking and trading.
Planet Money
Bond Trading Is Good To JPMorgan Chase. Mortgages, Not So Much
April 14, 2010 The first-quarter profits at JP Morgan Chase, the second biggest bank in America, make it look like a big Wall Street investment bank that happens to have a gigantic retail banking operation attached to it.
Planet Money
Financial Crisis Inquiry Commission Day One
January 13, 2010 The FCIC starts its hearings by with testimony from the heads of Goldman Sachs, JPMorgan Chase, Morgan Stanley and Bank of America.
