Meet the Man on the Other Side of JPMorgan’s $2 Billion Bad Trade
38-year-old hedge-funder Boaz Weinstein.
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38-year-old hedge-funder Boaz Weinstein.
In fact, no one involved has any recent banking experience.
Behind every Wall Street scandal, there’s a female executive to take the fall.
"This is a very unfortunate and inopportune time to have this kind of mistake."
"We have egg on our face," said Jamie Dimon.
Even an apology phone call couldn't smooth things over.
The bank will pay for dealing with Cuba, Sudan, and Iran.
JPMorgan is finding overseas expansion more difficult than expected.
JPMorgan will pay out $153.6 million to settle a federal civil suit that alleged the bank fraudulently misled mortgage investors during a 2007 deal.
The National Credit Union Administration is suing JPMorgan and Royal Bank of Scotland.
Such as: Don't send a mass e-mail inviting everyone to bring fake I.D.s to a bar night that's "going to get wild."
He got a 51 percent raise last year to take home $23 million.
"We scratch our heads at Goldman every day about that guy."
"I'm not as worried about JPMorgan as I am about our industry and our country," the CEO says.
JPMorgan CEO Jamie Dimon can't stop, won't stop.
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