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Dow hits a record, but who's reaping the rewards?
You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?" The joke needs...
Tags: Lloyd Blankfein, Employees, JPMorgan Chase & Co., New York University, Stock Market
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Wells Fargo CEO John Stumpf tops bank pay list with $22.9 million
And the winner of this year's banker bonanza award is ... John G. Stumpf, chief executive of San Francisco's Wells Fargo & Co., with a 2012 compensation package totaling $22.87 million. Stumpf’s pay package, disclosed Thursday afternoon, was 15%...
Tags: CEO Pay, Banking, Citigroup Incorporated, Bank of America Corp., Goldman Sachs Group, Inc.
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Whale tale shows Wall Street has not ended its excesses
The following guest commentary was written by Carl Levin, the senior U.S. senator from Michigan. In April 2012, Americans were confronted with a story of Wall Street excess and derivatives disaster now known as the JPMorgan Chase whale trades. Those...Tags: Carl Levin, JPMorgan Chase & Co., U.S. Congress, Economy, Business and Finance, Finance
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JPMorgan silent partner revealed in Whale fiasco
One of the best parts about last week's Senate hearing on JPMorgan Chase & Co.'s London Whale trades is that we finally got a clear picture of whose side the regulators were on during the early days while the bank's executives tried to contain the...Tags: JPMorgan Chase & Co., Office of the Comptroller of the Currency, Parties and Movements, Derivative Securities, U.S. Securities and Exchange Commission
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Senators to question former JPMorgan exec who oversaw London Whale
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co. executive who oversaw the trading unit responsible for the $6.2-billion "London Whale" trading losses, is scheduled to testify Friday at a Senate hearing on the risky derivatives bets. Drew, who...Tags: Carl Levin, Office of the Comptroller of the Currency, U.S. Senate, Corporate Officers, Politics
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Ina Drew, who oversaw JPMorgan's 'London Whale,' saddened by losses
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades, admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened” by the scandal last...Tags: Office of the Comptroller of the Currency, JPMorgan Chase & Co., Economy, Business and Finance, Finance
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Jamie Dimon and the porn actress teacher
Remember the 1 percenters, and the 99%? Want an update? Try these two stories on for size. First, in the 99% world -- the one most of us live in -- there’s this: The Oxnard School District Board of Trustees is expected to make a decision...Tags: JPMorgan Chase & Co., Teachers, Occupy Wall Street, Teaching and Learning
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Part three: Culture shock
Tribune Tower was in crisis, and the illustrations of penguins installed in the building's ornate lobby were meant as a constant reminder. With Tribune Co. revenues sliding and managers struggling to adjust to an Internet revolution, executives in early...
Tags: Arts and Culture, Computer Hardware, Computing and Information Technology Industry, Business, Marketing
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Part two: Warning signs
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines. There was...
Tags: Tribune Company, Real Estate Buyers, Bank of America Corp., Breach of Contract, Realty
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The case of the missing $6 billion
Change of SubjectBy Megan Crepeau Remember Jamie Dimon and his "London Whale" financial scandal? You know, the one where JP Morgan lost $6 billion, the one that CEO Dimon called a "tempest in a teapot?" Maybe that's not such an understatement after...... -
Robert B. Reich: How Wall Street is trying to avoid U.S. oversight
While all eyes are on the Supreme Court and Obamacare, a quieter battle is being waged against the president's other major initiative, the Dodd-Frank financial reform act. Wall Street has already watered down or delayed most of Dodd-Frank. Now it wants...
Tags: Lloyd Blankfein, JPMorgan Chase & Co., American International Group, Regulatory Policy and Organizations, Deutsche Bank AG
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Questions remain
As yet another all-important election nears, some questions remain. For example, what will become of all the pre-prepared editorial letters, now seemingly irrelevant, critical of Kristi Noem's lack of an Aberdeen office, college degree and a seat on the...Tags: Tim Johnson, Paul Ryan, Credit and Debt, Barack Obama, Elections
Mar 6, 2013
|Column| Los Angeles Times
Mar 14, 2013
|Story| Los Angeles Times
Mar 26, 2013
|Story| Petoskey News
Mar 22, 2013
|Column| Allentown Morning Call
Mar 13, 2013
|Story| Los Angeles Times
Mar 15, 2013
|Story| Los Angeles Times
Jan 16, 2013
|Story| Los Angeles Times
Jan 14, 2013
|Story| Baltimore Sun
Jan 13, 2013
|Story| Baltimore Sun
Sep 24, 2012
| Chicago Tribune
Jun 27, 2012
|Story| Baltimore Sun
Nov 1, 2012
|Story| Aberdeen News
Original site for Jamie Dimon topic gallery.