London Whale

Futures Flat On Bank of Japan Confirmations, European Summit, Quadruple Witching U.S. equity futures were little changed in early pre-market trade as the latest European summit to target growth continued and the Japanese upper house of parliament approved the three new Bank of Japan board member...

As an act of contrition, the highly visible CEO of JPMorgan Chase (NYSE: JPM) Jamie Dimon has purchased 500,000 common shares to restore investor's confidence. Dimon paid an average price of $34.22 back on July 19th and 20th for the $17,107,533 outlay after selling 12,142 shares of Series I...

The "London Whale" swam away with much of JP Morgan's profit expected in the second quarter. Trading losses from JP Morgan's credit strategy totaled $4.4 billion, in range with guidance of $3 billion to $5 billion. It could have been much worse: The New York Times had reported earlier this month...

Warren Buffett may have his back, but most everyone else on Wall Street will want to know what JP Morgan CEO Jamie Dimon is doing to keep another London Whale from surfacing in the future. Dimon may be, "one of the best bankers in the world," as Buffett said in a CNBC interview on Thursday. And...