When dealing with regulators from the Office of the Comptroller of Currency (OCC) JP Morgan Chase CEO Jamie Dimon reportedly started screaming and told regulators he did not believe they should have the documents they were required to have under the law. Senator Levin asked a bank regulator with the OCC what had happened, how [...]

Oh how much class the ruling class have. On a conference call with investors and analysts JP Morgan CEO Jamie Dimon displayed the kind of wit and grace one could only expect from the truly refined – not only agreeing to answer a mere peasant’s question but offering illumination into his heavenly projection into the [...]

JPMorgan Chase has sued the former manager of Bruno Iskil, the “London Whale” who executed the “Fail Whale trades” that cost the company as much as $7 billion. Javier Martin-Artajo was the direct supervisor to Iskil in the Chief Investment Office in London. The lawsuit, which was filed in a London court, did not disclose [...]

JPMorgan Chase, feeling little ill effects from the federal attempts at investigation of their business practices, announced a major earnings jump of 34%. Part of this comes from the fact that the previous earnings report included most of the losses from the Fail Whale trades (which have increased to $6.25 billion, as per this earnings [...]

One of the 16 banks sure to be implicated in the Libor rate-rigging scandal is JPMorgan Chase. Their submissions to Libor consistently fell on the low end of the scale, presumably fitting for what was thought to be a first tier bank, but we don’t know yet what those responsible at the bank for submitting [...]

Let’s not let this little tidbit go unremembered today. Remember when Jamie Dimon came out and said that his firm’s little escapade in London cost them $2 billion? Multiply by four and a half: Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people [...]

According to the Financial Times, as of last week, JPMorgan Chase sold up to 70% of its position in the CDX.NA.IG.9 index, where the Fail Whale trades originated. I assume they are working on the remaining 30%, though CEO Jamie Dimon has said that the trades would “not be an issue by the end of [...]

I don’t think there was much reason to wonder about the relative toothlessness of the series of hearings with JPMorgan Chase CEO Jamie Dimon. The banks own the place, after all, and Dimon is a majority owner rather than a minority one. So while he got a bit more roughed up today, ultimately the hearings [...]

The House of Representatives, in some cases on a bipartisan basis, is generally getting at the issue of JPMorgan Chase’s multi-billion dollar losses in today’s Financial Services Committee hearing with CEO Jamie Dimon. Clearly, Dimon is miffed by even having to be present for this questioning, an emotion he mostly didn’t have to show before [...]

So here’s me and William Cohan on yesterday’s The Alyona Show talking about that Jamie Dimon testimony yesterday. I have to admit a little shock at the focus of the coverage on the captured Congress and the relative soft pitches lobbed in Dimon’s direction. I’m wondering what people expected. This wasn’t the Senate Permanent Subcommittee [...]

I certainly recognize that the so-called “grilling” of JPMorgan Chase CEO Jamie Dimon today was more like a pillow fight, with more Senators asking Dimon’s opinion on things than trying to get to the bottom of what happened at the Chief Investment Office. I don’t know what people expected. For all intents and purposes, members [...]