Wall Street seeks to soothe, while preparing for trouble
Wall Street is preparing for the government to bounce its first check.
NEW YORK — In a 50th-floor conference room overlooking Central Park, JPMorgan’s board members had a pressing question about regulatory problems that have dogged the bank for more than a year: Are we done yet?
At JPMorgan, easy way in for China elite
The program was originally called “Sons and Daughters.” And although it was supposed to protect JPMorgan Chase’s business dealings in China, the program went so off track that it is now the focus of a federal bribery investigation in the United States, interviews and a confidential government document show.
JPMorgan chief expected to play down trade risks
When JPMorgan’s chief executive, Jamie Dimon, appears on Wednesday on Capitol Hill, he plans to play down the risky trading activities that could prompt as much as $5 billion in losses.
Warnings said to be unheeded by JPMorgan Chase
In the years leading up to JPMorgan Chase’s $2 billion trading loss, risk managers and some senior investment bankers raised concerns that the bank was making increasingly large investments involving complex trades that were hard to understand. But even as the size of the bets climbed steadily, these former employees say, their concerns about the dangers were ignored or dismissed.
Federal regulators seek to fine eight more firms in foreclosure inquiry
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate, or forged documents.