Banking

2:09am

Tue May 15, 2012
Election 2012

JPMorgan's Loss A Gain For Campaign Positioning

Originally published on Tue May 15, 2012 7:51 am

The U.S. and JPMorgan Chase flags wave outside its headquarters in New York on Friday.
Eduardo Munoz Reuters /Landov

The fallout from banking giant JPMorgan Chase's $2 billion — and counting — loss has made its way into the presidential campaign. The president and presumptive GOP challenger Mitt Romney have very different views about the regulation of Wall Street, in particular the Dodd-Frank financial systems overhaul law.

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7:02am

Mon May 14, 2012

4:49am

Mon May 14, 2012
The Two-Way

Reports: JPMorgan's Losses Could Top $4 Billion; Three Execs To Resign

Originally published on Mon May 14, 2012 7:17 am

Mark Lennihan AP

Three high-ranking executives, including one of the most powerful women on Wall Street, are expected to resign from JPMorgan Chase this week because of their roles in the $2.3 billion loss the bank recently suffered when some risky trades blew up in its face.

The Wall Street Journal, which broke that news, also reports that JPMorgan's losses from the "giant trading blunder" keep growing. It cites "people familiar with the situation," as its sources.

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3:14pm

Fri May 11, 2012
Business

Big Losing Bet Tarnishes Wall Street Titan JPMorgan

Originally published on Fri May 11, 2012 4:52 pm

JPMorgan Chase Chief Executive Officer Jamie Dimon cited "many errors, sloppiness and bad judgment" in announcing a $2 billion loss due to a hedging strategy.
Mario Tama Getty Images

JPMorgan Chase is licking its wounds after announcing that it lost at least $2 billion in a hedging strategy that went terribly wrong. The announcement late Thursday sent the bank's shares tumbling more than 9 percent on Friday.

Meanwhile, regulators on both sides of the Atlantic have begun looking into what happened. And there were calls Friday for tighter restrictions on the kind of trades the bank engaged in.

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8:58am

Fri May 11, 2012
Planet Money

JP Morgan's $2 Billion Loss, Explained

Originally published on Fri May 11, 2012 10:17 am

Chris McGrath Getty Images

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