Report: 3 JPMorgan executives to resign

Senate report may fault JPMorgan executives in trading loss: NYT

(Reuters) - A senate committee, which began an inquiry into JPMorgan's multi-billion dollar trading loss last year, is expected to fault certain executives in its report for allowing the bank to build bets without fully warning regulators and investors, the New York Times reported, citing people briefed on the inquiry.

reuters.com (2 months and 18 days ago)

DealBook: Senate Report Said to Fault JPMorgan

A Congressional investigation could revive questions about the role of senior executives in a $6 billion trading loss at JPMorgan Chase.

nytimes.com (2 months and 19 days ago)

NYT: Senate report may fault JPMorgan executives in trading loss

(Reuters) - A senate committee, which began an inquiry into JPMorgan's multi-billion dollar trading loss last year, is expected to fault certain executives in its report for allowing the bank to build bets without fully warning regulators and investors, the New York Times reported, citing people briefed on the inquiry. The U.S. Senate Permanent Committee on Investigations...

yahoo.com (2 months and 18 days ago)

DealBook: JPMorgan Executives Face Scrutiny in ‘London Whale’ Hearing

Lawmakers took aim at JPMorgan for misleading investors and regulators about the disastrous bet, building off a scathing, 300-page Congressional report released Thursday.

nytimes.com (2 months and 8 days ago)

Ex-JPMorgan execs pressed about trading loss

WASHINGTON — Two former high-ranking executives at JPMorgan Chase faced tough questions from senators Friday about why the bank played down risks and hid losses from regulators when it was losing billions of dollars.The hearing was held a day after the Senate Permanent Subcommittee on Investigations issued a scathing report that ascribed widespread blame for $6.2 billion in...

bostonherald.com (2 months and 8 days ago)

Ex-Bailout Watchdog: JPMorgan's Actions 'Entirely Consistent With Fraud'

Neil Barofsky, the former watchdog for the government's financial crisis bailout program, tweeted Friday that JPMorgan Chase appears guilty of "fraud," or something very much like it: Barofsky was referring to Sen. Carl Levin's (D-Mich.) questioning of top JPMorgan executives during a Friday Senate hearing in regards to the bank's 2012 loss of more than $6.2 billion dollars,...

huffingtonpost.com (2 months and 8 days ago)

Senate report may fault JPMorgan executives in trading loss: NYT

foxbusiness.com (2 months and 18 days ago)

JPMorgan executives, but not Dimon, to testify on "Whale" trade

WASHINGTON (Reuters) - Current and former top executives of JPMorgan Chase & Co will appear before a Senate panel on Friday to testify about the multibillion dollar "London Whale" trading loss, but Chief Executive Jamie Dimon will not be a witness.

reuters.com (2 months and 10 days ago)

Will the JPMorgan Exec Responsible for the London Whale Please Stand Up?

Just as the Dow was zooming and booming to record highs Tuesday afternoon, sending Wall Street into fits of joy, JPMorgan CEO Jamie Dimon and the rest of the bank’s executive committee were being doused with sobering news. The New York Times reported earlier on Tuesday that a Senate subcommittee will soon issue a report on the trader known as the “London Whale,” and the news...

forbes.com (2 months and 17 days ago)

Ex-JPMorgan Executive Points Finger At Others Over 'Whale' Loss

WASHINGTON -- A former top executive for JPMorgan Chase is blaming last year's $6.2 billion trading loss on other executives at the firm, telling a Senate panel Friday that they undermined her authority at the firm. Ina Drew, the firm's former chief investment officer overseeing trading strategy, says the other executives failed to control risk out of the London office and...

huffingtonpost.com (2 months and 8 days ago)