The Senate Banking Committee soon will examine and cross-examine JP Morgan (NYSE: JPM) CEO Jamie Dimon. It will be a chance for politicians to say how irresponsible large financial firms are, how they trade for their own…
J.P. Morgan Chase & Co. (NYSE: JPM) has already sent its long-time Chief Investment Officer named Ina Drew packing after the $2 billion loss that surfaced last week. The damage to J.P. Morgan’s reputation…
More than a third of small business owners say that their debt burden is either “somewhat” or “very” uncomfortable in the latest Wells Fargo/Gallup small business survey. Of the rest, 62% were comfortable with…
The European Central Bank is said to be freezing assets or considering freezing assets or halting monetary policy operations to some banks in Greece as the Greeks consider an exit of the Euro and…
CBOE Holdings, Inc. (NASDAQ: CBOE) has announced that the Chicago Board Options Exchange has signed a memorandum of understanding with the China Financial Futures Exchange. The MOU is meant to establish “an open channel of…
General Electric Company (NYSE: GE) is now going to be much further to being back on track in its GE Capital unit. After having promised a return to dividend after proper approvals had been…
The Europeans need to make a decision soon. It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system. The baby-sitting and reality TV…
A survey of 240 CEOs and CFOs by accounting and consulting firm PricewaterhouseCoopers indicates that a majority of US corporate executives believe the economy will improve in the next 12 months. Of those surveyed,…
The California Public Employees’ Retirement System (CalPERS) remarked that it will pressure the JP Morgan (NYSE: JPM) board to split the CEO and chairman roles to water down the power of long-time leader Jamie…
Moody’s is taking aim at the PIIGS all over again. This time the company is firing off at the Italian banks rather than the Spanish, Portuguese, or the Greek banks. Moody’s noted, “Moody’s announced…
Maybe Jamie Dimon CEO of JP Morgan (NYSE: JPM) did a long-time colleague a favor. Ina Drew, the CIO of the bank, “retired” today. She ran the unit of the financial firm responsible for the…
It is safe to assume that JP Morgan (NYSE: JPM) CEO Jamie Dimon will keep his job as CEO after the bank’s astonishing announcement that it had a trading loss of $2 billion, which could…
A few hours after a Fitch downgrade, S&P said its outlook for JP Morgan (NYSE: JPM) has gone from “Stable” to “Negative” in the wake of a $2 billion loss on a series of…
In the midst of calls for JP Morgan (NYSE: JPM) CEO Jamie Dimon to step down, and new scrutiny over a $2 billion trading loss by agencies in the US and UK, Fitch downgraded the…
J.P. Morgan Chase & Co. (NYSE: JPM) has done some severe damage to its image as the best risk manager of the large banks, and this damage may easily carry over into all of…