Risk News

5/16/2012
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.