| Jan 22, 2014
| 4:57 PM
Never let it be said that Pope Francis doesn't know how to bring the battle to the battleground. In an address to the CEOs and assorted financial hangers-on gathered this week in Davos, Switzerland, for the annual World Economic Forum, he admonished...
| Jan 20, 2014
| 11:34 AM
Let’s give New Jersey Gov. Chris Christie the benefit of the doubt for a minute.
Let’s say he was blindsided by his very close staff and truly knew nothing about the politically contrived four-day traffic jam that has marred his reputation,...
| Jan 14, 2014
| 6:44 PM
NEW YORK — Massive legal payouts didn't just cost JPMorgan Chase & Co. billions last year. They also cost the Wall Street giant its title as America's most profitable bank.
After weathering a barrage of legal and regulatory assaults in 2013, the...
| Jan 14, 2014
| 10:23 AM
Leadership positions at large U.S. banks are predominantly held by whites, according to a new report by the National Assn. for the Advancement of Colored People.
“Equal opportunity for people of color in the United States remains an unrealized...
| Jan 14, 2014
| 6:06 AM
NEW YORK -- JPMorgan Chase & Co.'s profit slipped 7% in the fourth quarter as the bank's legal costs mounted and investment banking slumped.
The nation's largest bank said Tuesday it earned $5.3 billion, or $1.30 a share, down from $5.7 billion, or $1....
| Jan 10, 2014
Re "U.S. gives bank's execs a free pass," Column, Jan. 8
Michael Hiltzik is right on the money. JPMorgan Chase was clearly in violation of laws regarding suspicious activity reporting, and the fact that it got its own money out of Bernard Madoff's Ponzi...
| Dec 27, 2013
| 5:27 PM
Wall Street had plenty of reasons to think 2013 would go miserably for the stock market — what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus.
Instead, we're on track for a...
| Dec 12, 2013
| 1:21 PM
WASHINGTON — Mayor Rahm Emanuel today joined the chair of JPMorgan Chase as the firm announced a five-year, $250 million effort to close the “skills gap” to curb unemployment in urban areas in the U.S. and Europe.
Chicago is among...
| Nov 25, 2013
| 1:08 PM
You would have thought news was slow on Wall Street last week, when the hottest item on the ticker was that television personality Maria Bartiromo was jumping from CNBC, her onscreen home for two decades, to the Fox Business Channel.
Financial and media...
| Nov 20, 2013
| 11:56 AM
The "statement of fact" -- that narrative document that lays out what a corporate defendant has done wrong, without actually mentioning anything that could hurt the corporation in court -- has become our generation's big new literary genre. The...
| Nov 19, 2013
| 2:28 PM
The headline number on the big JPMorgan Chase legal settlement with state and federal regulators hasn't changed in the weeks since the negotiations over the deal first broke into the open: $13 billion. The deal's sponsors are falling all over themselves...