JPMorgan Chase announced new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.
Jennifer Piepszak, Co-Chief Executive Officer of Consumer and...
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January 26, 2024, 07:15 AM
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JPMorgan Chase announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction...
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May 01, 2023, 07:23 AM
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JPMorgan Chase announced it is now able to accept government deposits in all 50 U.S. states. This milestone is significant because most states require or encourage banks to have a local branch presence to be eligible to receive or hold government...
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October 18, 2022, 07:05 AM
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JPMorgan Chase reported record net income for third-quarter 2012 of $5.7 billion, compared with net income of $4.3 billion in the third quarter of 2011. Earnings per share were a record $1.40, compared with $1.02 in the third quarter of 2011. The...
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October 12, 2012, 07:45 AM
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Bloomberg reported that JPMorgan Chase & Co. reported a larger than previously estimated $4.4 billion trading loss in its chief investment office, which helped drive second-quarter profit down 9%. The bank’s chief executive officer, Jamie Dimon had...
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July 13, 2012, 07:21 AM
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Bloomberg reported that JPMorgan Chase’s trading losses from credit derivatives trading may total as much as $9 billion according to a report issued by the New York Times. On May 10, JPMorgan Chief Executive Officer Jamie Dimon reported the bank lost...
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June 28, 2012, 07:45 AM
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Bloomberg reported that Congress’s recent inquiry into the JPMorgan Chase & Co. $2 billion trading loss has again brought to light the question of whether banks can grow too large and complex for their executives to effectively oversee. According to...
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June 19, 2012, 07:55 AM
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Bloomberg reported JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told Congress the bank let traders take risks they didn’t understand, but did not answer questions about more than $2 billion in trading losses.According to the report, Dimon...
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June 13, 2012, 07:40 AM
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