First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon offered a mea culpa on NBC's Meet The Press Sunday, saying the mammoth money-center bank was dead wrong to dismiss concerns over a series of hedges that ended up costing the company $2 billion.
Tibetan spiritual leader Dalai Lama has alleged that Chinese agents are plotting to kill him with the help of Tibetan women.
Samsung Galaxy S3 was unveiled at the Earls Court press event in London May 3 and the new smartphone has received compliments for its enhanced battery and processor capabilities.
Tens of thousands of Spaniards protesting against the economic crisis and the austerity measures marched on the streets of different cities in the country Saturday to mark the first anniversary of the Indignados movement that ignited similar protests worldwide.
?The Avengers? Star Chris Hemsworth and Wife Elsa Pataky welcomed daughter 'India,' their first child together, at a London hospital Friday.
Thousands of demonstrators took to the streets of several Spanish cities late Saturday in what is described as a massive social movement against the economic atrocities the nation is coerced into.
Arrests of Occupy London demonstrators were made by City of London police at a protest outside the Bank of England on Saturday, but representatives of the two sides gave BBC News conflicting reports on the number of them.
Miami Heat forward LeBron James won this third regular season MVP award on Saturday.
Sony Mobile Communication is one of the leading Android smartphone manufacturers to challenge Samsung Galaxy S3 and HTC One X with its latest flagship devices.
Amid much fanfare, South Korean conglomerate Samsung finally took the wraps off its new flagship smartphone, Galaxy S3, in London last week. But one particular feature of the device reportedly met with disappointment of some observers - the 4.8-inch 720p Super AMOLED display, using a PenTile subpixel layout.
The Duchess of Cambridge has again surprised her royal fans at a star-studded gala dinner Friday night with her dress code and fashion sense. Kate Middleton often looks pretty when she steps out, but when she arrived for the Our Greatest Team Rises event on Friday night to celebrate Team GB and Paralympics GB at the Royal Albert Hall, in central London, she looked stunning in a beautiful Jenny Packham gown from the Spring 2012 collection.
U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.
Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.
An auction of Chinese dissident artist Ai Weiwei's porcelain sunflower seeds at Sotheby's in New York on Wednesday has fetched almost $800,000 - but it's unclear how much of the money will find its way to the hundreds of Chinese workers who made them.
U.S. Securities and Exchange Commission (SEC) regulators are monitoring JPMorgan Chase & Company (NYSE: JPM) following the disclosure that the bank lost $2 billion in bad hedging action carried out by the so-called Whale of London, SEC Chairwoman Mary Schapiro said Friday.
A new poll will have to be called if parties cannot reach a consensus by next Thursday, as the risk of Greece's exit from the euro looms closer.
A detailed look at the latest news involving Chelsea's transfer targets for this summer.
JP Morgan Chase and Co. (NYSE: JPM) shocked the markets Thursday by announcing it would be booking mammoth losses in the range of $3 billion this quarter as a result of a hedged bet gone bad. But what exactly was that bet?
Many psychiatrists believe a new edition of a manual designed to help diagnose mental illness should be shelved for at least a year for further revisions, despite some modifications which eliminated two controversial diagnoses.
He also declared that rumors that Pakistan?s military and intelligence network were protecting Osama are ludicrous.
The Qatar Investment Authority (QIA) is on an investment spree, bulking up its holdings in several major companies including Royal Dutch Shell Plc (NYSE: RDS.A), Eni SpA (NYSE: E), and Xstrata PLC (London: XTA), and the sovereign fund has already taken a holding Total SA (NYSE: TOT) and is pursuing avenues to invest in Glencore International Plc (London: GLEN), sources reported Friday.
