US attorneys in New York are dropping the cases against Julien Grout of France and Javier Martin-Artajo of Spain (seen in 2013), who were accused of being key figures in covering up $6.2 billion (5.7 billion euros) in trading losses at JPMorgan Chase US prosecutors formally abandoned a four-year old case against two traders implicated … Read more
JPMorgan Chase chief executive Jamie Dimon ripped into the political gridlock in Washington and said Friday that they dysfunction threatened US economic prospects. “It’s almost an embarrassment to be an American citizen traveling around the world and listening to the stupid shit we have to deal with in this country,” Dimon said on a conference … Read more
JPMorgan Chase reported higher second-quarter earnings Friday, boosted by loan growth and the benefits of increased interest rates that compensated for declines in trading performance. JPMorgan chief executive Jamie Dimon gave an upbeat appraisal of US economic conditions as the biggest US bank by assets reported a 13.4 percent increase in profit to $7.0 billion. … Read more
JPMorgan Chase reported higher first-quarter profits Thursday, driven by a strong performance in its corporate and investment bank division, including in trading. Net income for the quarter ending March 31 was $6.5 billion, up 16.8 percent from the year-ago period. Earnings growth was driven in large part by JPMorgan’s corporate and investment banking business due … Read more
The odds of a breakup of the European Union have increased after Brexit, an outcome that could have “devastating” economic and political effects, JPMorgan Chase’s chief executive said Tuesday. JPMorgan chief executive Jamie Dimon, in an annual letter to shareholders, said he had hoped Britain’s decision last year to exit the EU would have led … Read more
Billionaire philanthropist David Rockefeller has died at the age of 101. His spokesperson Fraser P Seitel said the banker died peacefully in his sleep at his Pocantico Hills home in New York on Monday morning. Rockefeller, who controlled Chase Manhattan bank for more than a decade, was the grandson of Standard Oil co-founder John D … Read more
David Rockefeller, a former head of Chase Manhattan bank and luminary in political and philanthropic circles, died Monday at the age of 101, a spokesman said. He died in his sleep due to congestive heart failure at his home in Pocantico Hills, just north of New York City, spokesman Fraser Seitel said. The last living … Read more