Posts tagged "Jamie Dimon"

JPMorgan Promises Changes After Loss

TAMPA – U.S. bank JPMorgan Chase & Co. is doing “a lot of changes to its policies and procedures” after reporting losses in market operations by billions of dollars. This was said Tuesday by its chief executive, Jamie Dimon, at the annual meeting of shareholders. Dimon acknowledged that the losses were “self-inflicted” and said it...

JP Morgan Fell 8.69% on Wall Street

JP Morgan fell 8.69% to 37.26 dollars on Wall Street, following reports that had losses of $ 2.000 million since the beginning of April. Losses were recorded in the corporate banking division failures in a hedging strategy. The bank’s CEO, Jamie Dimon, said net losses could reach $ 800 million by the end of second...