| Jan 24, 2014
| 12:52 PM
Call it a tale of two sides of the capitalist system: JPMorgan Chase & Co.’s Jamie Dimon got $20 million for being CEO in 2013; each Oakland Raiderette got $1,250 for kicking up her heels in the same year.
The Raiderettes are suing; presumably,...
| 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...
| 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...
| 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 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
| 6:44 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...
| 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...
| Oct 2, 2013
| 4:26 PM
WASHINGTON — To Wall Street, the partial government shutdown is another unfortunate economic speed bump caused by partisan political fighting.
Failure to raise the debt limit, triggering a first-ever federal default, would be a brick wall on the...
| Sep 19, 2013
| 4:23 PM
Within hours Thursday, various federal banking regulators announced that JPMorgan Chase Bank N.A. and Chase Bank USA N.A. had been fined about $1 billion and had repaid customers more than $300 million for incidents involving poor derivatives trading...
| Oct 19, 2013
| 4:21 PM
Yes, $13 billion in penalties--the figure at the center of the JPMorgan mortgage settlement deal being reported Saturday--is eye opening. Yes, it's a record in a civil proceeding against a major corporation.
But the most significant thing about...
| Oct 20, 2013
| 5:00 AM
Nothing seems to get U.S. corporations' dander up like a threat to the pay and perks of their chief executives.
That's one explanation for corporate America's superheated, turbocharged, over-the-top reaction to the CEO pay ratio rule recently proposed...