Financial companies need to create an honest culture among employees to prevent the kind of conspiracy that enabled the "London Whale" trading losses.
Two former JPMorgan Chase & Co. employees have been charged in New York with trying to conceal the size of the investment bank's $6 billion trading loss last year.
The London trader believed responsible for billions of dollars in trading losses expects to be cleared of wrongdoing and has cooperated with regulators.
Here's how regulatory actions against big U.S. banks typically play out: the SEC charges foul play, and the banks pay a fine but don't admit guilt. But that may be changing.
Federal authorities plan to arrest two former JPMorgan employees on suspicion they tried to conceal the size of the investment bank's $6 billion trading loss last year.
JPMorgan Chase is being investigated by the criminal and civil divisions of the Department of Justice for the sale of mortgage-backed securities, the banker said Wednesday.
A former Goldman Sachs trader who earned the nickname "Fabulous Fab" was found liable in a fraud case brought by federal regulators in response to the 2007 mortgage...
Goldman Sachs says its second-quarter profit doubled, boosted by a surge in stock and bond underwriting.
Federal prosecutors head to trial against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis.
When markets start to buck and plunge -- as they're doing now -- many investors get nervous, and want their financial adviser to check in. Most aren't getting what they need.
The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
It's tempting to want a financial adviser who sounds sure of his advice. But a new study shows how being overconfident lets them get away more easily with being wrong.
Goldman Sachs employees earn stellar bonuses, even by Wall Street's standards. But now, bonuses will be tied to more than earnings; they'll also be tied to avoiding bad PR.
Jamie Dimon has maintained his dual role at JPMorgan Chase, after shareholders at the firm's annual meeting voted down a proposal to split the positions of CEO and chairman.
Technology has made it easier than ever to keep constant tabs on every detail of your investments. But do you really need to micromanage your portfolio all day, every day?
Bloomberg customers were examining whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data.
JPMorgan Chase Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties.
JPMorgan Chase has been sued by the state of California for allegedly using robo-signing and other illegal practices to collect debts from 100,000 credit card holders.
California's attorney general has sued JPMorgan Chase, alleging that used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders.
Hedge fund manager Anthony Scaramucci has elevated his Skybridge Alternatives confab in Vegas into a conference of big ideas.
The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.
Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.
Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.