JPMorgan

10:49am

Wed June 13, 2012
The Two-Way

JPMorgan Execs Who Bungled Billions May Have To Return Bonuses, Stock

JPMorgan Chase CEO Jamie Dimon during his testimony today on Capitol Hill.
Mark Wilson Getty Images

Along with saying, again, that his bank "let a lot of people down" when it lost more than $2 billion, JPMorgan Chase CEO Jamie Dimon added this prediction during his testimony before the Senate Banking Committee this morning:

"It's likely that there will be clawbacks."

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5:15pm

Tue June 12, 2012
The Two-Way

From Our Readers: Less Hedginess, More Neology

Our use of the term "hedginess," coined by finance criminologist Bill Black, inspired commenter "Tim Myers" to engage in some neology of his own in order to prove his point:

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5:05pm

Tue June 12, 2012
The Two-Way

Dimon Will Tell Congress JPMorgan 'Let People Down' With Trading Loss

Originally published on Wed June 13, 2012 8:00 am

JPMorgan Chase Chief Executive Officer Jamie Dimon.
Mario Tama Getty Images

"This portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. As a result, we have let a lot of people down, and we are sorry for it."

That's part of JPMorgan Chase President and CEO Jamie Dimon will tell the Senate's Committee on Banking, Housing and Urban Affairs tomorrow, when it looks into the botched trades that lost the bank $2 billion. Chase released Dimon's prepared remarks this afternoon.

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6:48am

Tue June 12, 2012
The Two-Way

JPMorgan Knew Of Risks, 'WSJ' Reports

"Some top JPMorgan Chase executives and directors were alerted to risky practices by a team of London-based traders two years before that group's botched bets cost the bank more than $2 billion," The Wall Street Journal is reporting.

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8:34am

Wed May 23, 2012
The Two-Way

Wall Street Titans, Behaving Badly

Originally published on Wed May 23, 2012 9:30 am

Television correspondent Sabrina Quagliozzi reports from inside the Nasdaq MarketSite in New York's Times Square on Monday.
Richard Drew AP

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