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Explaining the risk behind JPMorgan’s loss
Spencer Platt/Getty Images
Senior producer and host of the online explainer series The Whiteboard, Paddy Hirsch discusses the risks involved in JPMorgan's $2 billion loss.
JPMorgan Chase reveals $2 billion losses
On what were essentially bad and risky bets made by the bank. Still, CEO Jamie Dimon tried to play down the situation in today's conference call.
Facebook IPO creates fanfare on Park Ave.
Stacey Vanek Smith/Marketplace
Mark Zuckerberg wasn’t there, but JPMorgan flew a Facebook flag as executives visited the bank’s headquarters ahead of Facebook’s IPO.
Wells Fargo and JPMorgan report big profits
The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
Federal Reserve releases banks’ stress test results
Turns out American banks are in a much better position financially than we thought.
Chase slips up
ERIC PIERMONT/AFP/Getty Images
A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
J.P. Morgan profits despite its depositors
J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Some banks offer extra incentive to short sell homes
Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Jamie Dimon gets it wrong on taxes
The JPMorgan Chase CEO really does not understand.
JP Morgan denies having MF Global’s customers’ money
This final note today, which will do nothing to ease the average person's discomfort with how Wall Street operates….

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