JPMorgan Chase & Co. investors risk shortening Jamie Dimon’s tenure as chief executive officer if they appoint a separate chairman to help lead the bank, according to Charles Peabody, an analyst at Portales Partners.
JPMorgan Chase & Co., the biggest U.S. bank, shouldn’t re-nominate three risk committee members after disclosing more than $6.2 billion in losses on derivatives trades last year, CtW Investment Group said.
Joshua Rosner, co-author of a book detailing Fannie Mae’s role in the housing crisis, said he sees parallels between the failed mortgage-finance giant and the strategies JPMorgan Chase & Co. uses to win government and investor confidence.
JPMorgan Chase & Co.’s efforts to hide trading losses, outlined in a Senate report yesterday, probably will ignite debate over whether the largest U.S. bank is too big to manage and ratchet up pressure on Chief Executive Officer Jamie Dimon to surrender his role as chairman.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley lagged behind peers in a key measure of capital strength used by U.S. regulators to stress- test their resiliency in a severe recession.
Lehman Brothers Holdings Inc. and its creditors’ committee filed a complaint yesterday in bankruptcy court against JPMorgan Chase Bank NA , alleging that the New York-based bank “stripped a faltering Lehman Brothers of desperately needed cash” in the days and weeks before the commencement of Lehman’s bankruptcy in September 2008.
Lehman Brothers Holdings Inc. wants Bruno Iksil, the former JPMorgan Chase & Co. trader known as the London Whale, to answer questions about losses Lehman says spurred unnecessary collateral calls that helped force it into bankruptcy.
Market-moving trades by JPMorgan Chase & Co.’s chief investment office probably will force regulators to seek more detail on banks’ derivatives positions to help them distinguish risk management from speculation.