Risk News

F.B.I. Inquiry Adds to JPMorgan’s Woes
"Investors and federal investigators turned up the heat on JPMorgan Chase on Tuesday, as shareholders called for pay givebacks from executives responsible for a stunning $2 billion trading loss and the Federal Bureau of Investigation opened a preliminary review of the debacle."
Annie's take:

Jamie Dimon hung on to both of his titles yesterday at the annual shareholders meeting, but those votes had been tallied before last week's announcement on the $2B loss. Stand by for more details as the story continues to unfold, and Dimon taps two of his heir apparents to help fix these issues.