JPMorgan Chase

The fallout from JPMorgan Chase’s incredible $2 billion trading loss is officially underway.  Three high-ranking officials with direct connections to the bank’s high-cost trade blunder are reportedly resigning this week, including chief investment officer Ina Drew, who was one of the most powerful women on Wall Street. The doomed trading was intended to protect the bank […]

In a major hit for Wall Street, JP Morgan Chase disclosed a $2 billion loss on Thursday related to its credit investment portfolio. The trickle down effect could mean a loss of another $800 million in the second quarter for the bank’s Chief Investment Office. The Takeaway talks with Michael de la Merced, reporter for […]

Coming up, Goldman Sach’s reputation has come under assault this week. But is all the criticism fair? Goldman William Cohan, former investment baker and author of “Money and Power: How Goldman Sachs Came To Rule The World” joins The Takeaway next.

All but a handful of the nation’s largest banks have passed stress tests administered by the Federal Reserve. The tests sought to see how many of 19 financial institutions could withstand another recession. Fifteen banks were cleared, and four were reported to not have enough capital to stay afloat in another downturn, including Citigroup, the […]