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Jamie Dimon on Gambling
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A behind the scenes account of JP Morgan Chase CEO Jamie Dimon's discovery and response to large losses
01/15/2010
Dimon's first encounter with the losses at the bank was through an account of Chief Investment Office trader Iksil's trades in the Wall Street Journal on April 6, 2012. The trader was referred to as the "London Whale" and large losses were mentioned. This has raised questions about whether banks of the size of JP Morgan can even be effectively managed by a CEO. The decision by the U.S. Federal Reserve, Treasury and regulators to encourage the merger of failed financial firms Bear Stearns and Washington Mutual with JP Morgan Chase- ostensibly because no mechanism to wind down such firms existed- not only created a mega bank but also created additional risks from banks too big to manage.
Grouped Articles
Wall Street Journal 05/04/2013
'London Whale' Penalties Put at $500 Million to $600 Million
Wall Street Journal 08/28/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
New York Times 10/15/2013
J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department
Wall Street Journal 10/20/2013
Jamie Dimon, CEO of JP Morgan Chase bank
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
A Call for New Blood on the JPMorgan Board
New York Times 05/05/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
Wall Street Journal 05/22/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
JP Morgan Chase and the London Whale
04/10/2012
Trader Iksil at the CIO offices in London and the huge positions he had taken which were likely to lead to losses. Chase's denial that this was anything unusual.
Grouped Articles
Regulatory Headaches Worsen for J.P. Morgan
Wall Street Journal 08/19/2013
'London Whale' Penalties Put at $500 Million to $600 Million
Wall Street Journal 08/28/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
New York Times 10/15/2013
J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department
Wall Street Journal 10/20/2013
Record Pact Is on the Table, But J.P. Morgan Faces Fight
Wall Street Journal 10/21/2013
JP Morgan Chase bank CEO Jamie Dimon's views on banking, executive pay and regulation in the U.S.
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
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