The job of JPMorgan Chase's chief investment office may have been at odds with its stated goal of reducing risk: it was also supposed to turn its "hedging" trades into a tidy profit. full story ![]()
While JPMorgan's arrogance and complete ignorance (intentional or not) of both risk limits and regulatory expectations is now grossly obvious, the fact remains that a lie is a lie and given the following, how can anyone ever trust anything that anyone from this 'fortress-like' balance sheet ever says again? To wit, again and again and again, the public and the regulators...
zerohedge.com (2 months and 11 days ago)
James Woolery, co-head of North American mergers and acquisitions at JPMorgan Chase, will join the Cadwalader, Wickersham & Taft firm as deputy chairman. That will leave Chris Ventresca as sole head of the JPMorgan unit.
nytimes.com (2 months and 29 days ago)
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 21 days ago)

What hedge fund investors are expressing should trouble all of us: they have almost no confidence in the Federal Reserve or the economics profession.
nytimes.com (8 days ago)

When Richard Gere was cast as hedge fund titan Robert Miller in the 2012 Wall Street film "Arbitrage," writer and director Nicholas Jarecki said he looked to real-life tycoons -- including Warren Buffett to Richard Branson -- as inspiration for the character. But Gere had only one in mind: Jamie Dimon, the chief executive of JPMorgan Chase. Though the names of other hedge...
huffingtonpost.com (2 months and 23 days ago)
British regulators fined JPMorgan Chase $4.7 million on Thursday for failings in its wealth management division.
nytimes.com (1 day ago)
JPMorgan Chase ignored risk controls, manipulated documents and withheld information from regulators as it racked up trading losses last year, Senate investigators found.
nytimes.com (2 months and 11 days ago)

At JPMorgan Chase, the move to split the jobs of chairman and chief executive, now held by Jamie Dimon, comes as the bank is actually prospering.
nytimes.com (4 days ago)
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 10 days ago)

While financial advisers at other firms are typically free to offer a variety of investments, JPMorgan pressures brokers to sell the bank’s own products, current and former employees say.
nytimes.com (2 months and 23 days ago)
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