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The complaint alleges JP Morgan and the Bank of New York as well as powerhouse accounting firm KPMG and their international counterparts, KPMG UK and KPMG International were primary players necessary to accomplish the fraud." [119] [120] On December 2, 2010, Picard sued JPMorgan Chase, seeking damages and restitution of at least $6.4 billion.
Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase. [2][3] These events gave rise to a number of investigations to examine the firm's risk management systems and internal ...
JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational finance company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. [ 3 ][ 4 ] As the largest of Big Four banks, the firm is considered systemically ...
JPMorgan Chase and Bank of America are taking steps to limit junior bankers' work hours. The move follows scrutiny over Wall Street's culture of overworking and a recent death. Other banks ...
Jamie Dimon’s right hand man is ready to lead JP Morgan—but time is not on his side. Michael del Castillo. Updated September 16, 2024 at 4:21 PM. For 24-years Daniel Pinto commuted from his ...
September 19, 2024 at 4:12 AM. JPMorgan Chase has created a new global role to oversee junior bankers and analysts and prevent overwork. REUTERS/Eduardo Munoz. JPMorgan has created a new role to ...
3. James Dimon (/ ˈdaɪmən /; born March 13, 1956) is an American banker and businessman. He has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006. Dimon began his career as a management consultant at Boston Consulting Group. After earning an MBA from Harvard Business School in 1982, he joined American Express ...
The Wall Street Journal reports the country’s biggest retail bank is warning that it might begin charging customers for their accounts. That would impact some 86 million customers. The potential ...