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Keyword: jpmorgan

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  • Another JPMorgan Banker Dies After Murder-Suicide: Chokes Wife, Stabs Himself To Death

    02/09/2015 3:11:33 PM PST · by dynachrome · 60 replies
    Zero Hedge ^ | 2-9-15 | Tyler Durden
    By now, there have been so many banker-related suicides that it has become a moot point of i) tracking them all or ii) trying to find a pattern. And yet, one name continues to stand out: JPMorgan. The bank which has been most prominent among the list of "suicided" bankers notched one more casualty over the weekend when "a JPMorgan Chase & Co. employee strangled and stabbed his wife to death before turning the knife on himself, according to police who are treating the couple’s death in Bergen County, New Jersey as a murder-suicide."
  • The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal

    12/31/2014 9:21:04 AM PST · by Nachum · 10 replies
    zero hedge ^ | 12/31/14 | tyler durden
    The name Dick Usher is familiar to regular readers: he was the head of spot foreign exchange for JPMorgan, and the bank's alleged chief FX market manipulator, who was promptly fired after it was revealed that JPM was the bank coordinating the biggest FX rigging scheme in history, as initially revealed in "Another JPMorganite Busted For "Bandits' Club" Market Manipulation." Subsequent revelations - which would have been impossible without the tremendous reporting of Bloomberg's Liam Vaughan - showed that JPM was not alone: as recent legal actions confirmed, virtually every single bank was also a keen FX rigging participant. However,...
  • Azealia Banks goes on Twitter rant, calling for $100 trillion in reparations

    12/26/2014 7:28:46 PM PST · by GrandJediMasterYoda · 87 replies
    nydailynews.com ^ | 12/26/14 | BY MOLLY FRIEDMAN
    Azealia Banks goes on Twitter rant, calling for $100 trillion in reparations The hip hop star says African Americans are owed 'major bucks' by JP Morgan, Chase and American families. She incites violence against descendants of the DeWolf family: 'They should all have their houses burned and their finances seized.' Azealia Banks says major corporations made bank off slave labor. And now she wants them to pay it back. The hip hop star published a series of accusatory tweets on Friday, arguing that major corporations owe African Americans “major bucks” - up to $100 trillion - after profiting from slavery...
  • Connecticut life insurance executive stabbed to death running near her home: cops (VIDEO)

    11/24/2014 11:08:41 AM PST · by george76 · 64 replies
    NEW YORK DAILY NEWS ^ | November 24, 2014 | JASON MOLINET
    A popular bike path became the scene of a gruesome murder late Thursday when a life insurance executive was killed while running near her Connecticut home. Melissa Millan, 54, a triathlete and mother of two, was found stabbed at about 8 p.m. in the Hartford suburb of Simsbury, Conn. Police have stepped up patrols of the bike path and scoured the area on Saturday, but no suspect has been named and the murder weapon has not been recovered, WFSB reported. Millan, a senior vice president who had been with MassMutual Financial Group since 2001, was transported to an area hospital,...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare [Satire]

    11/08/2014 6:09:57 AM PST · by outinyellowdogcountry · 56 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore. "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition...
  • JPMorgan Chase Says More Than 76 Million Accounts Compromised in Cyberattack

    10/02/2014 2:35:28 PM PDT · by dynachrome · 17 replies
    New York Times ^ | 10-2-14 | JESSICA SILVER-GREENBERG and MATTHEW GOLDSTEIN
    A cyber attack this summer on JPMorgan Chase compromised more than 76 million household accounts and seven million small-business accounts, making it among the largest corporate hacks ever discovered. The latest revelations, which were disclosed in a regulatory filing on Thursday, vastly dwarf earlier estimates that hackers had gained access to roughly one million customer accounts. The new details about the extent of the hack — which began in June but was not discovered until July — sent JPMorgan scrambling for the second time in just three months to contain the fallout.
  • Eric Holder Takes $77 Million Job With JPMorgan Chase

    09/28/2014 1:09:28 PM PDT · by Nachum · 119 replies
    the daily currant ^ | 9/26/14 | staff
    Just after announcing his resignation as U.S. attorney general, Eric Holder has accepted a top job with Wall Street finance giant JPMorgan Chase. Starting in early November, Holder will serve as JPMorgan Chase’s chief compliance officer, where his responsibilities will include lobbying Congress on the company’s behalf and ensuring it “gets the best deal possible” from any new proposed financial regulations. Holder will also fetch morning coffee and breakfast orders for CEO Jamie Dimon and board members. For his efforts, Holder will earn an annual salary of $77 million plus bonuses for a job well done. In a statement, Holder...
  • Holder’s Justice Dept Uses Bank Settlements to Fund Democrat Nonprofits

    08/30/2014 12:29:28 PM PDT · by Kaslin · 49 replies
    Townhall.com ^ | August 30, 2014 | Michael Schaus
    Once again, our Chicago-style Attorney General has proven that corruption is the basic foundation upon which the modern Democrat Party is built. Eric Holder, the nationÂ’s top extortionist officer, has been running around the financial sector suing banks for anything (and everything) he can get away with. Ally Bank paid millions for alleged racist lending practices (an allegation the DOJ made without ever looking at loan portfolios), JP Morgan has shelled out billions for various anti-Obama comments regulatory infractions, and Bank of America just paid a $16.6 billion fine for their government-mandated role in the financial crises of 2008.Aside from...
  • JPMorgan, RBC Capital consider Jersey City offices (Crony Capitalism)

    08/09/2014 4:55:13 AM PDT · by mgist · 8 replies
    The Real Deal ^ | 5/15/2014 | Mark Maurer
    JPMorgan, RBC Capital consider Jersey City offices New Jersey board to vote on request for millions in subsidies May 15, 2014 JPMorgan Chase and Royal Bank of Canada Capital Markets are seeking incentives from the New Jersey Economic Development Authority in an effort to open offices in Jersey City. RBC Capital wants $7.9 million in tax incentives, while JPMorgan is asking for $22.5 million over a decade. Last week, the Bank of New York Mellon said it is considering moving the company’s Wall Street headquarters in the first quarter to either a 2.7 million-square-foot tower at 225 Liberty Street, or...
  • GE Credit: A 'mickey mouse' company?

    07/28/2014 1:17:47 AM PDT · by topher · 15 replies
    Use of GE Credit | 28-July-2014 | vanity
    I have a credit card issued by GE credit. I have some problems because of the Mickey Mouse nature of this credit card (by GE credit). One of the several reasons for calling GE Credit a 'Mickey Mouse' outfit is the password on my account. There are so many restrictions of what you can use and the length of the password, that it makes one account vulnerable... Since GE was founded by a Robber Baron maybe it is easier to 'rob from people's accounts directly. After all, why not honor the legacy of J.P. Morgan... I did complain to my...
  • After Asking Employees to Reveal Personal Beliefs, Chase Faces Boycott

    07/26/2014 11:24:02 AM PDT · by SoFloFreeper · 14 replies
    Daily Signal ^ | 7/18/14 | Kelsey Harkness
    Over 4,000 Americans have signed a petition to boycott Chase bank over a company survey that probed employees about their sexual orientation and personal beliefs. The National Organization for Marriage’s campaign, “Void Chase,” urges customers across the globe to take their banking business elsewhere until JPMorgan Chase apologizes and promises “never again to invade the privacy of your employees in this way.” The effort is the result of what critics call an invasive survey that asked whether Chase employees identify themselves as lesbian, gay, bisexual or transgender, or as an “LGBT ally.”
  • Banker Suicides Return: JPMorgan Executive "Blasts Wife, Kills Self" With Shotgun

    07/10/2014 5:25:18 PM PDT · by Nachum · 31 replies
    Zero Hedge ^ | 7/10/14 | Tyler Durden
    With Russia and China having briefly taken over the hub of global executive suicides, the sad trend has returned back to America. In what appears to the 15th financial services executive suicide this year, yet another JPMorgan Director took his own life. As IBTimes reports, Jefferson Township (New Jersey) police report that the Global Network Operations Center Executive Director, "Julian Knott, age 45, shot his wife Alita Knott, age 47, multiple times and then took his own life with the same weapon." They are survived by 3 teenage children... As IB Times reports, JP Morgan executive director Julian Knott blasted...
  • How Chase Bank and other Corporations Coerce and Bully Christians

    07/04/2014 12:40:12 PM PDT · by NYer · 27 replies
    Crisis Magazine ^ | July 4, 2014 | AUSTIN RUSE
    How would you feel if your boss came into your office one day and asked if you are supportive of the “LGBT community”?Maybe you are sympathetic to gays who face discrimination but you do not support the overall agenda. Maybe you are a faithful Catholic who accepts the teaching of the Church on homosexuality, that it is disordered and if acted upon, mortally sinful. Maybe you are simply bone weary of the LGBTs jamming their message into your face and the faces of your children all day long.And there is the man who holds your job in his hands...
  • Ted Cruz Leads GOP's Fight Against IMF Expansion in Ukraine Aid Package

    03/24/2014 1:43:33 PM PDT · by SoConPubbie · 5 replies
    Heritage "The Foundry" ^ | March 22, 2014 at 3:51 pm | Rob Bluey
    Senate Majority Leader Harry Reid (D–Nev.) is facing a revolt among Republicans for adding controversial language to an aid package for Ukraine.The Senate is expected to vote on the Ukraine measure next week. The controversial provisions, which have support of the Obama administration and liberals from both parties, would increase U.S. financial support to the International Monetary Fund.A growing number of Republicans warn that attaching the IMF language would reduce U.S. power while expanding Russia’s influence on the global stage in the wake of its annexation of Crimea.>>> Q&A: Why Do Conservatives Oppose the IMF Reform Package?Yesterday, Sen. Ted Cruz...
  • What’s behind epidemic of financial industry suicides?

    03/24/2014 6:31:13 AM PDT · by SeekAndFind · 17 replies
    New York Post ^ | 03/24/2014 | Michael Gray
    A rash of eight financial-industry suicides so far in 2014 has mental-health professionals trying to understand what’s behind it. In late winter many people suffer from depression, but for bankers this is usually offset by finding out how large their bonuses will be. However, compensation across the entire financial sector is down from years past as large firms deal with new rules pinching their bottom lines. The other, more pressing matter for mental health pros is: Why are such a large proportion of these self- murders public affairs? While there are no definitive theories on suicide location, many in the...
  • 28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides

    03/18/2014 8:18:11 AM PDT · by Nachum · 27 replies
    Zero Hedge ^ | 3/18/14 | Tyler Durden
    Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations. Several John Bellando emails were cited during testimony at the Senate Finance Committee’s inquiry into the bank’s losses during the infamous London Whale trade fiasco. Kenneth Bellando — who grew up in Rockville Center, LI, and was a Georgetown graduate — worked as a summer analyst at JPMorgan while in school. Upon graduation in 2007, he was hired as an investment...
  • Banker leaps to his death in finance world’s 8th suicide this year

    03/18/2014 5:43:16 AM PDT · by Tolerance Sucks Rocks · 68 replies
    The New York Post ^ | March 17, 2014 | Michael Gray
    A 28-year old Manhattan investment banker has died after an apparent suicide, police sources said. Kenneth Bellando, who worked at Levy Capital since January, was found dead on the sidewalk outside his East Side building on March 12, after allegedly jumping from the sixth-story roof, sources said. Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top Chief Investment Officer with JPMorgan, works on risk exposure valuations.
  • Another Sudden Death of JPMorgan Worker: 34-Year Old Jason Alan Salais

    03/05/2014 7:33:13 AM PST · by Renfield · 37 replies
    Wall Street On Parade ^ | 2-23-2014 | Pam Martens and Russ Martens
    On the evening of Sunday, December 15 of last year, six weeks before the onset of the latest rash of tragic deaths of young men in their 30s employed at JPMorgan, the Pearland, Texas police received a call of a person in distress outside a Walgreens pharmacy at 6122 Broadway in Pearland. The individual in distress was Jason Alan Salais, a 34-year old Information Technology specialist who had worked at JPMorgan Chase since May 2008. A family member confirmed to Wall Street On Parade that Salais died of a heart attack on the same evening the report of distress went...
  • JP Morgan To Lay Off 17,000 Mortgage Bankers In 2013 And 2014, Because The "Housing Recovery"

    02/25/2014 8:53:01 AM PST · by SeekAndFind · 20 replies
    Zero Hedge ^ | 02/25/2014 | Tyler Durden
    The last time JPMorgan had an investor day, Jamie Dimon explained to Mike Mayo why he is richer than him (and pretty much anyone else). This year, Jamie will be more focused on explaining to 8,000 JPM workers why after firing 16,500 people in consumer and mortgage banking, the bank will now let go another 2K and 6K in those same two groups (which will bring total mortgage and consumer banking headcount reductions between 2013 and 2014 to at least 17K and 7.5K, respectively). This may be tricky especially in the context of, you know, the housing and economic...