World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Group
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
Record Pact Is on the Table, But J.P. Morgan Faces Fight
Wall Street Journal 10.21.2013
J.P. Morgan's Dimon Aims to Stay Put
Wall Street Journal 05.20.2014
After Crisis, Risk Officers Gain More Clout at Banks
Wall Street Journal 06.26.2014
Wall Street Journal 01.15.2015
J.P. Morgan’s Dimon Says Big Is Beautiful
Wall Street Journal 01.15.2015
Rigging of Foreign Exchange Market Makes Felons of Top Banks
New York Times 05.20.2015
Wall Street Journal 05.18.2012
Discord at JPMorgan Investment Office Blamed in Huge Loss
New York Times 05.19.2012
Key Void at Top for J.P. Morgan
Wall Street Journal 05.20.2012
Wall Street Journal 05.20.2012
New York Times 06.19.2012
Regulators Join DImon at House Panel Hearing
New York Times 06.18.2012
JPMorgan Trading Loss May Reach $9 Billion
New York Times 06.28.2012
At J.P. Morgan, Whale & Co. Go
Wall Street Journal 07.12.2012
J.P. Morgan 'Whale' Report Signals Deeper Problem
Wall Street Journal 07.14.2012
Tracking the Trade: Timeline on J.P. Morgan’s London Whale
Wall Street Journal 07.13.2012
New Fraud Inquiry as JP Morgan Loss Mounts
New York Times 07.13.2012
Wall Street Journal 07.25.2012
Weill Calls for Splitting Up Big Banks
New York Times 07.25.2012
J.P. Morgan Hits Executive Reset Button
Wall Street Journal 07.28.2012
Ina Drew, Jamie Dimon and JPMorgan Chaseâs $6 Billion Mistake
New York Times 10.03.2012
Fed Governor: Put Cap On Big Financial Firms
Wall Street Journal 10.13.2012
Fed Governor's Plan to Limit Bank Size Fuels Debate
New York Times 10.15.2012
New York Times 01.15.2010
Taxing Wall Street Down to Size
New York Times 01.20.2010
New York Times 01.19.2013
A Job That Is Too Big Even for Dimon
Wall Street Journal 02.22.2013
J.P. Morgan Bosses Hit by Bank Regulator
Wall Street Journal 03.20.2013
Regulators Let Big Banks Look Safer Than They Are
Wall Street Journal 04.01.2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
