JPMorgan Trading Loss: Did Regulators Overlook the Risk?

The investigation into JPMorgan Chase’s multibillion-dollar trading loss shows that bankers are not acting cautious and regulators remain docile.

NEW YORK — JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO’s pay as a result. JPMorgan, the country’s biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million.

NEW YORK — JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO’s pay as a result. JPMorgan, the country’s biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million.

Federal banking regulators hit JPMorgan Chase with two enforcement actions on Monday for failures in risk management that led to a multibillion-dollar trading loss, the New York Times reports.

JPMorgan Chase’s Chief Executive Jamie Dimon appeared before lawmakers on Capitol Hill again Tuesday, saying his bank was upfront with investors about its multibillion-dollar trading loss.

Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss.

Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss at JPMorgan Chase & Co.

WASHINGTON (AP) -- Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss at JPMorgan Chase & Co....