Ina Drew, the former JPMorgan Chase & Co (JPM.N) executive who earned millions while in charge of the unit that made the disastrous “London whale” trades, on Friday refused to accept responsibility for the $6.2 billion in losses revealed last year. Testifying before a Senate panel, the former chief investment […]
Tag: JPMorgan Chase
JPMorgan execs, but not Dimon, to testify on ‘Whale’ trade
Current and former top executives of JPMorgan Chase & Co(JPM.N) will appear before a Senate panel on Friday to testify about the multibillion dollar “London Whale” trading loss, but Chief Executive Jamie Dimon will not be a witness. The Senate Permanent Subcommittee on Investigations released a witness list for the […]
Here’s How Morgan Stanley Fared in the Stress Tests
Yesterday, the release of the results from the Federal Reserve’s annual stress tests highlighted the impact of the changing regulatory and operating environment on firms like Morgan Stanley (NYSE: MS ) and Goldman Sachs. While these capital markets-focused firms undergo the same assessments as the large depository institutions with trading arms […]
