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  • **FILE** A JP Morgan Chase building sign is seen in New York on Feb. 4, 2011. (Associated Press)

    Two top-level U.S. bankers commit suicide in London

    Two high-profile and high-up American bankers in London have killed themselves in separate incidents that took place within a couple days of each other.

  • Los Angeles to consider cutting ties to JP Morgan

    A Los Angeles councilman proposed Wednesday that the nation's second-largest city consider ending tens of millions of dollars of financial ties with troubled JP Morgan Chase & Co.

  • A board at the New York Stock Exchange shows the closing number for the Stand & Poor's 500 index, center, Friday, Nov. 22, 2013. The S&P rose nine points, or 0.5 percent, to close at 1,804.76. The stock market is on track for a 27 percent gain this year.  (AP Photo/Richard Drew)

    EDITORIAL: Wall Street shakedown

    The Department of Justice decided to go after Wall Street investment bank J.P. Morgan over the firm's role in America's recent economic woes. The result last week was a $13 billion settlement, which is the biggest shakedown of a single company in American history.

  • BOOK REVIEW: 'Gentlemen Bankers'

    Writing a book that's boring yet also hair-raising is a feat. Susie J. Pak's "Gentlemen Bankers: The World of J.P. Morgan," full of charts, graphs and the dry prose of a doctoral thesis, studies the ways of the financial and industrial moguls who built their wealth at the dawn of modern American capitalism.

  • Although the nearly $1 billion fine is just a fraction of JPMorgan's $2.4 trillion in assets, the loose trading practices exposed by the "London Whale" scandal that led to a $6 billion loss has hurt the bank's reputation. "JPMorgan Chase appears to be accepting the fine as a form of penance," said Brian Gunia, an assistant professor at Johns Hopkins University's Carey Business School. (ASSOCIATED PRESS)

    'London Whale' scandal costs JPMorgan nearly $1B

    JPMorgan Chase, the country's largest bank, will pay almost $1 billion in fines and admit that it failed to rein-in loose trading practices that led to a $6 billion loss last year, U.S. and U.K. regulators said Thursday.

  • ** FILE ** A JPMorgan office building is shown, Monday, May 14, 2012, in New York. (AP Photo/Mark Lennihan)

    GHEI: J.P. Morgan's risky business

    Investment-services firm J.P. Morgan blew $2 billion on bad trades, and the total damage could rise to $5 billion. Though the Obama administration wants you to think otherwise, this is proof the market works.

  • ** FILE ** A JPMorgan office building is shown, Monday, May 14, 2012, in New York. (AP Photo/Mark Lennihan)

    J.P. Morgan's $2 billion loss renews debate on size

    J.P. Morgan's announcement of a spectacular trading loss of $2 billion last week gives fuel to regulators who are inclined to slim down or at least stop the growth of such "too-big-to-fail" megabanks in the future, banking analysts say.

  • Illustration by Linas Garsys for The Washington Times

    HENSARLING: When risk is outlawed

    The news of J.P. Morgan Chase's recent trading loss has raised the cry of "I told you so" from proponents of the almost 2-year-old Dodd-Frank Act. They say the law's Volcker rule would have prevented such a loss and that without more regulation, financial institutions will continue to make poor investment decisions.

  • Illustration: Bank failure by John Camejo for The Washington Times

    MORICI: J.P. Morgan mess: Bust up the big banks

    J.P. Morgan's $2 billion loss from betting on corporate bonds will embolden advocates of the Volcker Rule - a provision of the 2010 Dodd-Frank law that will prohibit banks from trading on their own account. Unfortunately for federal regulators, trading in securities is essential to modern banking, and busting up the big Wall Street financial houses may be the only way to better ensure financial stability.

  • A trader works on the floor of the New York Stock Exchange after Standard & Poor's issued a credit warning on U.S. government debt. (Associated Press)

    'Too big to fail' bank law seen as too weak to work

    A year after the enactment of a sweeping Wall Street reform law, evidence is growing that it failed in its main mission of ending taxpayer bailouts of global banks considered "too big to fail."

  • Intel, other chip makers suffer on PC sales fears

    Shares of chipmakers Intel Corp., Advanced Micro Devices Inc. and Nvidia Corp. dropped Tuesday as analysts said demand for computers looks shaky heading into the all-important back-to-school season.

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