Oct 1, 2012 — The suit relates to the securities sold by Bear Stearns, which collapsed in 2008 and is now owned by JPMorgan. It's the suit first to be filed under the auspices of the RMBS Working Group, set up by President Obama to investigate and prosecute alleged misconduct that contributed to the financial crisis.
Jul 13, 2012 — Bank CEO Jamie Dimon says "all of our client-driven businesses had solid performance" and that "we have put most of this problem behind us."
Jul 12, 2012 — When the big bank reports second-quarter earnings on Friday, the real news will be how big its trading losses have grown. The answer could have repercussions for the entire banking sector.
Jul 11, 2012 — According to The Wall Street Journal, the bank will indeed seek to recover stocks paid to some of its top executives.
Jun 28, 2012 — "People who have been briefed on the situation," say the losses from bungled trading have more than tripled from the initial estimate, The New York Times reports. The bank isn't commenting for the record.
Jun 19, 2012 — The bank lost $2 billion — and counting — on some risky bets. But could it ever lose $1 trillion? Only if there's a celestial catastrophe, its CEO quipped today.
Jun 13, 2012 — "It's likely that there will be clawbacks," CEO Jamie Dimon told Congress today, invoking a term that those executives certainly didn't want to hear.
Jun 12, 2012 — After interviews with more than a dozen current and former executives at the bank, the newspaper concludes that it was warned about bets that would cost it more than $2 billion. A plan to roll them back wasn't properly implemented, the Journal says.
May 17, 2012 — The losses from ill-fated bets made by the bank's London office have been expected to mount. But they're rising even faster than some predicted. Still, JPMorgan's profits from other operations will likely offset the billion dollar blunders.
May 15, 2012 — A Justice probe would be in addition to another investigation by the Securities and Exchange Commission. Meanwhile, CEO Jamie Dimon survived a challenge at the company's annual meeting.