JPMorgan To Give Jamie Dimon Pay Raise To $20 Million A Year

By: Friday January 24, 2014 10:43 am

Whoever said crime doesn’t pay looks pretty stupid right about now. After closing out a year where the company was forced to put aside $20 billion for criminal fines, one of JPMorgan’s first acts in the new year is to give the chairman and CEO who presided over the criminality, Jamie Dimon, a  74% raise. [...]

Jamie Dimon Says Government Has Been Unfair To JPMorgan

By: Thursday January 23, 2014 10:28 am

Not soon after JPMorgan settled yet another case involved screwing homeowners, JPMorgan CEO Jamie Dimon decided to publicly lament his “unfair” treatment by the government. Dimon said that “I think a lot of it was unfair, but I’m not going to go into details” about a recent settlement with the Justice Department over a series [...]

Ryan-Murray Budget: Dimon ‘Thank You’, Pelosi ‘Embrace The Suck’

By: Friday December 13, 2013 5:59 am

The Ryan-Murray budget deal to restore profligate military spending and cut the pension system is not winning many supporters. But not everyone is displeased with the Ryan-Murray budget deal. Jamie Dimon, the CEO of JPMorgan, said he sent an email to Ryan and Murray profusely thanking them and that the deal is a sign of [...]

Eric Holder’s Private Meeting With Jamie Dimon Under Scrutiny

By: Monday October 28, 2013 10:55 am

Since when do subjects of an investigation get a private meeting with the Attorney General of the United States? Since that Attorney General is a former (and likely future) Wall Street lawyer. US AG Eric Holder decided to break protocol and have a personal one on one meeting with JPMorgan CEO Jamie Dimon. The meeting [...]

JPMorgan Pays Small Fine For Lying To Regulators And Manipulating Market

By: Thursday September 19, 2013 8:58 am

You had to see this coming. After lying to regulators, manipulating the market, and putting out fraudulent documents JPMorgan will pay a relatively small fine and move on. Because when the powerful repeatedly break the law the consequences are never very severe. If we stopped these Wall Street banksters from making criminal profits they might stop [...]

Jamie Dimon Told Regulators He Would Not Follow Regulations

By: Monday March 18, 2013 7:30 am

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 [...]

Jamie Dimon “That’s Why I’m Richer Than You”

By: Thursday February 28, 2013 9:23 am

Oh how much class the ruling class have. On a conference call with investors and analysts JPMorgan 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 boundless [...]

JPMorgan Chase Still Trying to Blame Individuals For Fail Whale-Related Fraud

By: Wednesday October 31, 2012 11:29 am

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 [...]

Housing Has “Turned the Corner” – For Banks

By: Friday October 12, 2012 7:45 am

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 [...]

JPMorgan Chase’s Precarious Position Amid Interlocking Scandals and Investigations

By: Monday July 9, 2012 8:55 am

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 [...]

Report: JPMorgan Chase Fail Whale Trade Losses Up to $9 Billion

By: Thursday June 28, 2012 10:15 am

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 [...]

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