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JPMorgan launches $250 million job creation program

JPMorgan launches $250 million job creation program

Dec. 12 (UPI) -- JPMorgan's "New Skills at Work" initiative, announced in conjunction with Chicago Mayor Rahm Emanuel, is the largest private sector initiative to fight unemployment in urban areas.
Sonali Basak
Ignoring Madoff to cost JPMorgan $2 billion

Ignoring Madoff to cost JPMorgan $2 billion

NEW YORK, Dec. 12 (UPI) -- JPMorgan Chase is expected to pay up to $2 billion for failing to alert U.S. authorities about Bernard Madoff, sources told the New York Times.
Volcker Rule arrives with the hidden jewel in Dodd-Frank

Volcker Rule arrives with the hidden jewel in Dodd-Frank

COLLEGE PARK, Md., Dec. 10 (UPI) -- U.S. regulators are finally implementing the Volcker Rule and it may prove the hidden jewel in the Dodd-Frank financial reforms.
PETER MORICI, UPI Outside View Commentator

Commentary: Costly greed

WASHINGTON, Oct. 28 (UPI) -- Wall Street greed coupled with dire online warnings of financial disasters to come paint a grim picture of the state of democratic capitalism.
ARNAUD DE BORCHGRAVE, UPI Editor at Large
JPMorgan admits wrongdoing, to pay $100 million

JPMorgan admits wrongdoing, to pay $100 million

WASHINGTON, Oct. 17 (UPI) -- JPMorgan Chase & Co. agreed to pay $100 million and admit wrongdoing after its London traders lost $6.2 billion in bad derivative bets, a U.S. regulator said.

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Board backs Dimon as CEO and chairman ... Boeing: 787 Dreamliner test 'uneventful' ... White House: China tech ban needs revision ... Chernin bids $500 million for Hulu ... News from United Press International.

Board backs Dimon as CEO and chairman

NEW YORK, April 6 (UPI) -- Board members at JPMorgan Chase are urging shareholders to allow Chief Executive Jamie Dimon to remain as chairman, The New York Times reported.

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Woman blamed for JPMorgan losses to testify

WASHINGTON, March 15 (UPI) -- JPMorgan Chase denied it misled U.S. regulators and clients about huge trade losses, as the woman who oversaw the trades was to appear before the Senate Friday.

JPMorgan misled investors on derivatives

WASHINGTON, March 14 (UPI) -- JPMorgan Chase misled investors and regulators failed to act on warnings about trades that led to at least $6 billion in losses, U.S. Senate investigators said.

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Stocks close mixed Tuesday ... JPMorgan Chase to release report on losses ... Retirement funds rules turn on workers ... Retail group says shoppers have the blues ... News from United Press International.
JPMorgan Chase to release report on losses

JPMorgan Chase to release report on losses

NEW YORK, Jan. 15 (UPI) -- The board of JPMorgan Chase plans to release an in-house report on how it lost $6.2 billion on trades in 2012, sources told The New York Times.

Sanders: Foxes guard Fed hen house

WASHINGTON, Jan. 9 (UPI) -- Vermont's independent Sen. Bernie Sanders said it is time to stop placing top Wall Street executives on the board of regional branches of the Federal Reserve.
Buffett picks Dimon to replace Geithner

Buffett picks Dimon to replace Geithner

WASHINGTON, Nov. 27 (UPI) -- Billionaire investor Warren Buffett endorsed Jamie Dimon, the top executive at JPMorgan Chase, to follow Timothy Geithner as treasury secretary.
JPMorgan Chase boosts loss estimate

JPMorgan Chase boosts loss estimate

NEW YORK, July 13 (UPI) -- JPMorgan Chase says losses from a massive trading blunder in the bank's London have reached $5.8 billion and could go as high as $7 billion.
Trusting banks

Trusting banks

With delicious timing and opportunistic understatement, researchers at polling firm Gallup said confidence in banks among U.S. adults had fallen to a new low.
ANTHONY HALL, United Press International
JPMorgan Chase tried to lower risk

JPMorgan Chase tried to lower risk

WASHINGTON, June 19 (UPI) -- The head of JPMorgan Chase Tuesday told a U.S. House panel an effort to limit risk actually led to the bank's massive losses in May.
Tempest in a teapot

Tempest in a teapot

The headline is predictable: "JPMorgan Knew of Risks," and under that, the subhead is familiar: "Concerning $2 billion loss."
ANTHONY HALL, United Press International

JPMorgan debacle points to regulatory incompetence, corruption

COLLEGE PARK, Md., May 31 (UPI) -- U.S. President Barack Obama is shameless to cite JPMorgan Chase's $3 billion trading loss as evidence banks need more regulation.
PETER MORICI, UPI Outside View Commentator
Dimon invited to testify at Senate panel

Dimon invited to testify at Senate panel

WASHINGTON, May 17 (UPI) -- A U.S. Senate panel Thursday invited JPMorgan Chase chief Jamie Dimon to testify about the bank's more than $2 billion investment blunder.
Shareholders file suits against JPMorgan

Shareholders file suits against JPMorgan

NEW YORK, May 16 (UPI) -- JPMorgan Chase shareholders reacted to the bank's recent $2 billion in trading losses by filing lawsuits in New York Wednesday, court papers indicate.
Shareholders approve Dimon's $23 million

Shareholders approve Dimon's $23 million

TAMPA, Fla., May 15 (UPI) -- Shareholders approved a $23 million pay package Tuesday for JPMorgan Chase head Jamie Dimon, who apologized for the bank's $2 billion trading loss.
Brown won't return JPMorgan donors' funds

Brown won't return JPMorgan donors' funds

BOSTON, May 15 (UPI) -- U.S. Sen. Scott Brown, R-Mass., said he won't return $50,000 in contributions from donors with the giant JPMorgan Chase, prompting criticism from Democrats.
Ina Drew retires from JPMorgan

Ina Drew retires from JPMorgan

WASHINGTON, May 14 (UPI) -- U.S. bank JPMorgan Chase said Chief Investment Officer Ina Drew is retiring in the wake of trading bets that lost at least $2 billion.
Marketing a blunder

Marketing a blunder

Multibillion-dollar losses at JPMorgan Chase turned into losses of personnel even as the firm's top executive kept up the apologies.
ANTHONY HALL, United Press International
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