All Posts Tagged Tag: ‘London Whale’

Jamie Dimon Steps Down as JP Morgan Chairman

Jamie Dimon has stepped down from his position as chairman with JP Morgan the countries largest banking institution. His actions have resulted in an investigation with the federal government and a settlement that lead to a painful loss for JP Morgan. This loss is the first one publicized or admitted to under Dimon’s watch throughout¬† his 10 years as chairman. …

Read More

JPMorgan Chase Admits Fault, Agrees to Pay $920M

While monumental corporate cases tend to drag on for years, this particular case involving JPMorgan Chase & Co. won’t be one of them. The United States’ largest bank has been ordered to pay an astronomical fine in the staggering amount of $920M, and no judge or jury was needed to provide a legitimate verdict. JPMorgan not only agreed to pay …

Read More