JPMorgan

Plus a subsidiary of State Street, which apparently had gotten a pass for too long. Read more »

Been thinking about TP’ing your CEO’s house? Or placing a massive trade that, let’s be honest, probably won’t work out and will ultimately cost the firm billions? Or taking the keys to your boss’s vintage Ferrari and driving some colleagues uptown for a joy ride, and when confronted about, claim you thought the office had a “what’s mine is yours” policy? Or dressing up as his wife for Halloween? Thanks to a new compensation plan being considered by London bank, now you can? Read more »

  • 09 Oct 2013 at 5:31 PM

Bonus Watch ’13: JP Morgan

That $11-ish billion legal tab will probably leave a mark on payday. Read more »

Amid the storm, J.P. Morgan continues to prosper in some of its core businesses. The bank increased deposits by 10.1% in the Federal Deposit Insurance Corp.’s survey of the 12 months ending in June, nearly double the industry average of 5.4%. Mr. Dimon has told audiences the bank is staying focused on customers, many of whom are concerned most about interest rates and fees. “Wow,” said Dixie Klamfoth, a customer in Circleville, Ohio, on learning J.P. Morgan is on the verge of receiving a historic fine from the Justice Department. She was surprised, she said in a phone interview, because “I feel that they have been a reputable company.” But Ms. Klamfoth said she has been satisfied with her Chase checking account, savings account and credit card. “I will be watching to see if they pass those fines onto me in the way of fees,” she said. “The moment they do, I will no longer do business with them.” [WSJ]

When last we checked in with Javier Martin-Artajo, his attorney was telling the press that he was on vacation and had no plans or reason to believe it was necessary to cut said vacation short. Now this is happening: Read more »

If a certain someone can’t get to the phone, any old professional athlete with a knack for pumping up the beaten down will do. Read more »

[@cgasparino, related]

  • 16 Sep 2013 at 5:08 PM

JP Morgan Not Done Pay For Whale Losses Just Yet

JP Morgan is near a final settlement of probes into its London Whale derivatives loss and expects to pay about $700 million, according to source familiar with the matter. Completion of the deal depends on coordinating agreements with multiple government agencies, the source said. [Reuters]