NEW YORK — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, who are considerably less wealthy since the blunder was disclosed.
NEW YORK — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.
NEW YORK — When Mitt Romney was a good-looking teen in the buttoned-up ’60s, corporal punishment was the norm and bullying had a different, more acceptable name: hijinks.
NEW YORK — For years, Gac Filipaj mopped floors, cleaned toilets and took out trash at Columbia University. A refugee from war-torn Yugoslavia, he eked out a living working for the elite Ivy League school. But Sunday was payback time: The 52-year-old janitor donned a cap and gown to graduate with a bachelor’s degree in classics.
WASHINGTON — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
SEATTLE — President Barack Obama wasted little time casting Republican rival Mitt Romney as “backwards on equality” on Thursday, eager to transform his historic embrace of same-sex marriage into donor enthusiasm and grassroots vigor.
Ruth E. Stults, 80, a lifelong resident of Delaware, passed away Friday (May 4, 2012) at her residence.
EUCLID — Targeting middle-class voters, President Barack Obama on Monday unveiled a sweeping $25 million, nine-state ad campaign whose centerpiece is a commercial portraying him as the steward of an economic comeback and confronting Republican criticism that recovery has sputtered on his watch.