PMorgan Chase (JPM.N) said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business. Sommers, 44, who previously served as chief executive of the bank’s wealth management business, joined JP Morgan through the Bear Sterns merger in 2008. Sommers was […]
Tag: JPMorgan Chase
JPMorgan shareholders urged to reject three directors
JPMorgan Chase & Co (JPM.N) shareholders should vote against re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion of losses on the so-called “London Whale” trades, an influential proxy advisory firm said. ISS Proxy Advisory Services said in a report released late […]
JPMorgan hit with new investor lawsuit over “Whale” losses
A Missouri pension fund has sued JPMorgan Chase & Co (JPM.N) executives and board members over $6.2 billion in trading losses that were revealed last year, citing a recent U.S. Senate report that criticized the bank’s management for failing to catch the bad trades. The Police Retirement System of St. […]
