Articles Tagged with goldman sachs

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 »