Wednesday, April 7, 2010 as of 11:14 AM ET
JPMorgan Chase & Co. () is an American multinational banking corporation of securities, investments and retail.
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JPMorgan Chase & Co (NYSE:JPM) was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.
A spokesman for JPMorgan Chase declined to comment on the lawsuits, which were filed in U.S. District Court in Manhattan, days after Chief Executive Jamie Dimon's May 10 statement that a "failed hedging strategy" caused the massive loss over the last month."What the Company did not reveal was that those losses were the result of a marked shift in the company's allowable risk model, undisclosed to investors, and the similarly clandestine conversion of a unit within the company that was touted as providing a conservative risk-reduction function into a risky, short-term trading enterprise that exposed the company to large losses instead," said one of the complaints.It was filed derivatively by California shareholder James Baker on behalf of JPMorgan Chase against Dimon, Chief Financial ...J.P. Morgan Chase & Co. (JPM) Chief Financial Officer Douglas Braunstein told investors that the bank has about $10 billion more to cut from its reserve for bad loan...
Shares of Morgan Stanley fell on Tuesday and helped pace a modest decline in the financial sector after it disclosed in a filing that it may need almost $5 billion o...
JPMorgan Chase’s (NYSE:JPM) stable operating committee is poised to be undergo some personnel changes as two executives are reportedly expected to soon step down.Acc...
NEW YORK -(Dow Jones)- Three banks of very different size kicked off the fourth-quarter earnings season in earnest Friday, with all reporting measurable demand for n...
By Joe RauchCHARLOTTE, North Carolina (Reuters) - JPMorgan Chase & Co's <JPM.N> chief financial officer on Wednesday joined a growing chorus of industry executives c...
JPMorgan Chase (NYSE:JPM) is working with regulators and state attorneys general to reach a speedy resolution to the on-going probes into the industry's foreclosure ...
JPMorgan ( JPM ) Chief Executive Jamie Dimon said on Thursday he worries a widening probe into foreclosure practices could be a drag on the housing recovery."It may ...
J. P. Morgan Chase & Co.'s (JPM) James Dimon is turning to a long-time protege as his Mr. Fix-It.Michael Cavanagh, 46, currently head of the bank's Treasury & Securi...
Name: James "Jamie" Dimon DOB: March 13, 1956 Company: JPMorgan Chase & Co. Position: CEO Previous roles: Chief operating officer, JPMorgan Chase; CEO of Bank One Co...
Revenue for the investment banking arm of J.P. Morgan Chase & Co .'s (JPM) fixed income business, which includes foreign exchange, edged lower in the first quarter.W...
J.P. Morgan Chase & Co. (JPM) reported strong first-quarter revenue as demand for new loans continued to increase and capital market activity improved.Yet, the finan...
J.P. Morgan Chase & Co. (JPM) reported strong first-quarter revenue as demand for new loans continued to increase and capital market activity improved.Yet, the finan...
J.P. Morgan Chase & Co. (JPM) Monday appointed Sandie O'Connor, head of prime services at the investment bank, as the company's new treasurer.The appointment is imme...
J.P. Morgan Chase & Co. (JPM) executives were confident that the financial crisis hasn't impaired any of its businesses, reiterating that investment banking, retail ...
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