Explaining the risk behind JPMorgan's loss

May 11, 2012
Senior producer and host of the online explainer series The Whiteboard, Paddy Hirsch discusses the risks involved in JPMorgan's $2 billion loss.
A man walks by a Chase bank branch at the company's New York headquarters in New York City.
Spencer Platt/Getty Images

JPMorgan Chase reveals $2 billion losses

May 10, 2012
On what were essentially bad and risky bets made by the bank. Still, CEO Jamie Dimon tried to play down the situation in today's conference call.

Facebook IPO creates fanfare on Park Ave.

May 4, 2012
Mark Zuckerberg wasn’t there, but JPMorgan flew a Facebook flag as executives visited the bank’s headquarters ahead of Facebook’s IPO.
Mark Zuckerberg wasn’t there, but JPMorgan flew a Facebook flag as executives visited the bank’s headquarters ahead of Facebook’s IPO.
Stacey Vanek Smith/Marketplace

Wells Fargo and JPMorgan report big profits

Apr 13, 2012
The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.

Chase slips up

Mar 2, 2012
A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
JPMorgan Chase CEO Jamie Dimon
ERIC PIERMONT/AFP/Getty Images

J.P. Morgan profits despite its depositors

Feb 29, 2012
J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.

For public good, not for profit.

Some banks offer extra incentive to short sell homes

Feb 8, 2012
Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."

JP Morgan denies having MF Global's customers' money

Nov 4, 2011
This final note today, which will do nothing to ease the average person's discomfort with how Wall Street operates....