Wholly unsurprisingly, JPMorgan Chase CEO Jamie Dimon made financial pages headlines for abstractly criticizing Washington bureaucracy and the American media during a conference call with reporters on Friday. The call was meant to detail the bank’s record-breaking second quarter earnings.
New York (AFP) – JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the U.S. banking giant seeks to turn the corner after costly legal settlements. JPMorgan, one of the first major companies to release first-quarter results, said net income was $5.3 billion, down 19 percent from a year […]
On the same day that J.P. Morgan paid more than $150 million to settle federal charges that it had lied to investors in 2007 about a mind-bogglingly complex mortgage product, a top U.S. bank regulator said he was “skeptical” of recent attempts to regulate the financial system. “We have to be able to figure out […]