Articles Tagged with banking

Are Windows XP Hackers Stealing Cash From ATMs Using Flaws In Obsolete OS?

Windows XP ATM flaws

Windows XP, Microsoft’s flaw-ridden operating system effectively becomes obsolete on April 8 when the Redmond, Washington, software giant cuts off all support for the creaky OS. That means, no more upgrades or patches to fix security holes. But cyber-crooks aren’t waiting for the April 8 Windows XP zero hour. According to the computer security company… Read more »

Jamie Dimon: “I Was Dead Wrong, We Were Sloppy… Stupid”

Jamie Dimon

Jamie Dimon is reluctantly in the news this past week (thanks to a $2 billion slip-up made at the bank he helms, JP Morgan Chase) and at the center of a reinvigorated public debate over whether the government has done enough to stop risky behavior on Wall Street in its wake. News out of Dimon’s… Read more »

JPMorgan Loses $2 Billion, Goldman Redeems $250 Million From Hedge Funds

Goldman Sachs JPMorgan

JPMorgan Chase & Co.’s (JPM) CEO Jamie Dimon has indicated that the firm lost roughly $2 billion. JPM’s chief investment office, which focuses on hedging, made some risky bets on synthetic credit securities that didn’t play out to the advantage of the bank. The company, which declined 5.5% to $38.50 in extended trading at 5:55… Read more »

Jamie Dimon: JPMorgan CEO Awarded $23 Million Pay Package

Jamie Dimon

, Chariman and Chief Executive Office of JPMorgan Chase & Co. (JPM), received $23 million between bonuses and salary for 2011. This is the same Jamie Dimon played by Bill Pullman in HBO’s financial crisis drama, Too Big To Fail. With a base salary of $1.5 million from the start of March 2011, $17 million… Read more »