JPMorgan Chase Announces Management Changes; Ina Drew to Retire; Matt Zames …

JPMorgan Chase & Co. (JPM US) sank 1 percent to $36.60. The largest and most profitable US bank had its credit grade lowered one level by Fitch Ratings after disclosing a $2 billion trading loss. The lender's long-term issuer default rating was cut to

Dimon did take a moment to combat his anti-regulation reputation, saying JPMorgan Chase backed "70 percent or so of Dodd-Frank," while also reiterating his support for policies that would wind down failing big banks, rather

Press Release: An investigation for current long term investors in JPMorgan Chase & Co. (NYSE:JPM) shares over potential breaches of fiduciary duties by certain officer and directors was announced and JPM stockholders

Press Release: An investigation for current long term investors in JPMorgan Chase & Co. (NYSE:JPM) shares over potential breaches of fiduciary duties by certain officer and directors was announced and JPM stockholders

There will continue to be more teeth-gnashing about JPMorgan's $2 billion trading loss. (For more, see "JPMorgan Chase: London Whale Swallows $2B". As noted, I believe that incident is a simple case of bad risk management, followed by an inability to