$2 Billion

  • May 15, 2012  

    At an annual shareholders meeting in Florida Tuesday, JPMorgan CEO Jamie Dimon apologized for the company’s recent losses and survived a pair of shareholder votes on his pay and job responsibilities. Judy Woodruff discusses the turmoil — including news of an FBI inquiry of the company — with Dawn Kopecki of Bloomberg News. Continue reading

  • May 14, 2012  

    After news broke last week of $2 billion in trading losses, JPMorgan Chase had its first major casualty Monday when CEO Jamie Dimon disclosed the retirement of longtime executive Ina Drew. Margaret Warner and Bloomberg News’ Dawn Kopecki discuss the case and the debate it has spurred over financial regulation. Continue reading

  • May 14, 2012  

    Amid a $2 billion trading loss disclosed last week by banking giant JPMorgan Chase and the announcement of a top executive’s retirement Monday, Sens. Carl Levin, D-Mich., and Bob Corker, R-Tenn., speak with Judy Woodruff about calls for more Wall Street reform and the future of implementing Dodd-Frank regulations. Continue reading

  • May 11, 2012  

    Shares in JPMorgan Chase fell 9 percent Friday on news that the bank lost $2 billion over six weeks due to “self-inflicted” mistakes. Jeffrey Brown, The Wall Street Journal’s Liz Rappaport, Michael Greenberger of the University of Maryland School of Law and consultant Bert Ely discuss the details and calls for more regulation. Continue reading

  • June 10, 2005   BY Admin 

    Citigroup Inc., the nation’s biggest financial institution, has agreed to pay $2 billion to investors in a class-action lawsuit accusing the company of helping energy giant Enron doctor its financial statements and create off-the-books partnerships. Continue reading