/tags/jpmorgan JPMorgan en-US Copyright KUNC/Community Radio for Northern Colorado 2020 Thu, 19 Sep 2013 13:37:00 GMT /npr-news/2013-09-19/whale-of-a-fine-jpmorgan-chase-to-pay-920m-in-penalties Traders in JPMorgan's London offices racked up huge losses last year and then tried to cover up what happened. Now, the bank is admitting the violations and agreeing to pay nearly $1 billion to regulators in the U.S. and U.K. Thu, 19 Sep 2013 13:37:00 GMT /npr-news/2013-09-19/whale-of-a-fine-jpmorgan-chase-to-pay-920m-in-penalties Mark Memmott /npr-news/2013-09-16/jpmorgan-to-get-whale-of-a-fine-for-trading-losses The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made. Mon, 16 Sep 2013 23:24:00 GMT /npr-news/2013-09-16/jpmorgan-to-get-whale-of-a-fine-for-trading-losses Steve Mullis, Jim Zarroli /npr-news/2013-08-18/u-s-investigators-launch-probe-of-jpmorgan-chase-in-china The Securities and Exchange Commission has launched an investigation of JPMorgan Chase's operations in China, reportedly looking into whether the investment bank hired the children of high-ranking Chinese government officials in an effort to secure business. Sun, 18 Aug 2013 20:24:00 GMT /npr-news/2013-08-18/u-s-investigators-launch-probe-of-jpmorgan-chase-in-china Scott Neuman /npr-news/2013-05-21/jpmorgan-shareholders-vote-to-keep-dimon-as-chairman-ceo Some shareholders said splitting the roles would lead to better governance. The proposal received only 32 percent of the vote. Tue, 21 May 2013 16:46:00 GMT /npr-news/2013-05-21/jpmorgan-shareholders-vote-to-keep-dimon-as-chairman-ceo Eyder Peralta /2013-05-21/jpmorgan-shareholders-consider-splitting-ceo-chairman-jobs In Tampa, Fla., Tuesday, JPMorgan Chase holds its annual shareholder meeting. They will vote on a key measure: Whether to strip CEO Jamie Dimon of his title of chairman of the board. A growing number of companies have split the CEO and chairman roles. Tue, 21 May 2013 08:14:00 GMT /2013-05-21/jpmorgan-shareholders-consider-splitting-ceo-chairman-jobs Yuki Noguchi /2013-03-15/jpmorgan-in-hot-seat-over-london-whale-losses Last year, JPMorgan Chase acknowledged that it lost $6.2 billion in a hedging strategy gone awry. The Senate Permanent Subcommittee on Investigations has spent months investigating how the losses occurred, and on Friday, it will publicly grill some of the executives involved. Fri, 15 Mar 2013 08:00:00 GMT /2013-03-15/jpmorgan-in-hot-seat-over-london-whale-losses Jim Zarroli /npr-news/2013-01-16/jpmorgan-chase-sees-profits-rise-halves-ceos-salary-for-london-debacle JPMorgan Chase says its profits were up 53 percent in 2012's fourth quarter — but CEO Jamie Dimon's salary will be cut in half, after the bank lost billions of dollars on risky bets placed by a single trader. Dimon's salary now stands at $11.5 million. Wed, 16 Jan 2013 21:28:00 GMT /npr-news/2013-01-16/jpmorgan-chase-sees-profits-rise-halves-ceos-salary-for-london-debacle Bill Chappell /npr-news/2012-10-10/jpmorgan-chase-ceo-i-should-have-caught-5-8-billion-error But Jamie Dimon also said mistakes are a part of capitalism. Wed, 10 Oct 2012 20:42:00 GMT /npr-news/2012-10-10/jpmorgan-chase-ceo-i-should-have-caught-5-8-billion-error Marilyn Geewax /npr-news/2012-10-01/new-york-sues-jpmorgan-over-mortgage-backed-securities The suit relates to the securities sold by Bear Stearns, which collapsed in 2008 and is now owned by JPMorgan. It's the suit first to be filed under the auspices of the RMBS Working Group, set up by President Obama to investigate and prosecute alleged misconduct that contributed to the financial crisis. Mon, 01 Oct 2012 23:38:00 GMT /npr-news/2012-10-01/new-york-sues-jpmorgan-over-mortgage-backed-securities Krishnadev Calamur /2012-08-07/how-americas-biggest-bank-makes-money The age-old model of banks taking in deposits and lending them out is only part of the story for the biggest banks. Often, they make more money from fees and trading. Tue, 07 Aug 2012 16:51:00 GMT /2012-08-07/how-americas-biggest-bank-makes-money Theo Francis