John Hogan News
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JPMorgan Chase & Co. Chief Risk Officer John Hogan is returning to the bank in a new role after taking almost five months off and may decide to leave the firm altogether later this year or next, Chief Executive Officer Jamie Dimon told employees in a memo today.
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“We are dead I tell you,” Bruno Iksil, a London-based trader at JPMorgan Chase & Co., messaged an associate on March 23, 2012. “It is hopeless now.”
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JPMorgan Chase & Co. Chief Risk Officer John Hogan, whose tenure included the bank’s worst-ever trading loss, will take a temporary leave for personal reasons beginning later this month, he said in a memo to staff.
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JPMorgan Chase & Co. opposed Lehman Brothers Holdings Inc.’s bid to pull Bruno Iksil, known as the “London Whale” trader, into an $8.6 billion fight between the biggest U.S. bank and the defunct investment bank.
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JPMorgan Chase & Co. trader Bruno Iksil, known as the London Whale because his bets this year were so large, has been a leviathan of a risk-taker since at least 2010, a person with knowledge of the matter said.
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JPMorgan Chase & Co. could have spotted trouble at its chief investment office long before traders there racked up at least $2 billion in losses. One reason it didn’t: Chief Executive Officer Jamie Dimon.
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English soccer club Manchester City will earn more than 300 million pounds ($480 million) in a 10- year sponsorship agreement with Etihad Airways, according to a person familiar with the situation.
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The trustee liquidating con man Bernard L. Madoff ’s former investment firm filed a revised complaint that disclosed new details of his $6.4 billion lawsuit against JPMorgan Chase & Co.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon shuffled part of his management team and recombined oversight of retail units that was split last year at the biggest U.S. bank.
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., is scheduled to testify tomorrow before Congress about the bank’s $2 billion loss on derivatives trading at its chief investment office. Here’s a chronology of events leading to the disclosure and the aftermath.
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