News media in the United States are reporting that the government’s Justice Department has opened a criminal investigation into the more than $2 billion trading loss sustained by the J.P. Morgan Chase & Co. investment bank. Sources told various news outlets on Tuesday that the probe is at an early stage. The investigation is being […]
Fallout Begins from Big JPMorgan Chase Loss
Posted May 15th, 2012 at 4:20 am (UTC-5)
The chairman and chief executive officer of U.S.-based JPMorgan Chase investment company, is expected to face tough questions from investors Tuesday about the company’s $2 billion trading loss. Jamie Dimon will appear at the company’s annual meeting in Tampa, Florida, just days after he announced the massive loss. JPMorgan’s stock price has declined well over […]
Fallout Begins from Big JPMorgan Chase Loss
Posted May 14th, 2012 at 11:55 am (UTC-5)
The fallout has begun from a $2 billion financial trading loss at the U.S.-based JPMorgan Chase investment company. The firm said Monday that Ina Drew, JPMorgan’s chief investment officer and one of Wall Street’s highest paid female executives, is retiring. The company paid her $29 million in the last two years for her profitable investment […]
Poland Fires Generals After Smolensk Crash Probe
Posted August 4th, 2011 at 11:40 am (UTC-5)
Poland’s new defense minister, Tomasz Siemoniak has fired three air force generals and 10 other top officers following an investigation into the plane crash last year that killed president Lech Kaczynski. The defense minister also said Thursday that the air force unit responsible for transporting top officials will be disbanded. Siemioniak’s predecessor, Bogdan Klich, quit […]
