JPMorgan Chase and Co.’s Michael Cavanagh, co-head of the corporate and investment bank, and human resources chief John Donnelly sold shares valued at $2.76 million after the firm posted a record quarterly profit.
JPMorgan Chase & Co.’s revenue from its markets businesses, which include trading of bonds and equities, is about 10 percent to 15 percent greater so far this quarter than the year-earlier period, a senior executive said.
Ina Drew, the former head of a JPMorgan Chase & Co. unit responsible for $5.8 billion in trading losses this year, will forfeit her pay and other managers were ousted after an internal inquiry found employees may have intentionally hid souring bets.
The Federal Energy Regulatory Commission lacks authority over futures contracts, a U.S. appeals court ruled, handing a victory to the Commodity Futures Trading Commission and an ex-Amaranth Advisors LLC trader fined $30 million by FERC.
Jamie Dimon , the chief executive officer of JPMorgan Chase & Co. , named longtime associate Heidi Miller to the new post of president of JPMorgan International as part of a management shuffle to groom an eventual successor.