Allan Sloan, senior editor at large for Fortune magazine, explains why he voted to allow Jamie Dimon to keep his dual role as CEO and Chairman of JPMorgan Chase.
Jamie Dimon faces shareholder judgment on whether he should remain chairman — as well ask CEO — of JPMorgan Chase. It's a symbolic vote, but important to a banker who prefers control.
JPMorgan executives testified to the Senate on the company's estimated $6.3 billion loss related to risky trades and a banker known as the London Whale.
Senate investigators are holding a hearing today on JPMorgan’s estimated $6.3 billion losses connected to a London trader known as the 'Whale.' New evidence from internal emails and phone calls suggests the blame may lie with even bigger fish in company.
JPMorgan Chase CEO Jamie Dimon spoke this morning about the company's solid quarterly earnings, but all the attention is on the massive $4.4 billion trading loss — twice what they first thought — and how the company will sort out the implications.
JPMorgan Chase has just released its quarterly earnings report, and the big number to report is: $4.4 billion. That's the new estimate for the size of JPMorgan's loss from risky trading bets.