News Jamie Dimon, JP Morgan's chairman and chief executive, apologised for initially dismissing the affair as

Wall Street Bank agrees to make payouts to four regulators in compensation for derivative losses in 2012 costing $6.2bn

Wall St: Jefferies CEO's pay tops US bank rivals

Richard Handler, the head of the investment bank Jefferies, has raked in more in annual pay for 2012 than his opposite numbers at some of Wall Street's bigger and better-known firms.

Ben Chu: These banks' fortress balance sheets aren't as impregnable as they look

Outlook The London Whale turned out to be more like the London goldfish. JP Morgan's results for the final three months of 2012 today confirmed that Jamie Dimon's Wall Street juggernaut emerged from its annus horribilis in surprisingly decent shape. Revenues were up 10 per cent on the same period of the previous year. Profits were 53 per cent higher. For the full year, profits came in at $21bn (£13bn), 12 per cent higher than 2011. The $6bn trading loss resulting from the activities of the derivatives trader Bruno Iksil, uncovered in May, turned out to be no more than a small blip for this profit-making machine.

MF Global's mega payout to boss

Jon Corzine was paid $8.35m (£5.3m) for running MF Global in the year leading up to its spectacular collapse, according to documents filed with a New York bankruptcy court.

Simon English: How London Whale's errors attracted the market sharks

The football match of your lifetime starts in 20 minutes but you don't have a ticket. You will pay whatever the touts on the corner are demanding.

JPMorgan Chase's CEO Jamie Dimon survives shareholder push

The CEO of JPMorgan Chase survived a shareholder push today to strip him of the title of chairman of the board, five days after he disclosed a $2 billion trading loss by the bank.

Before joining the Army Robert Bales was found guilty of a securities fraud at a brokerage firm

Soldier who killed 16 Afghans Robert Bales had debts of $1.5m

The US soldier accused of murdering 16 Afghan civilians in this month's unprovoked shooting spree was $1.5 million (£950,000), in debt and in danger of losing his home, according to reports yesterday.

Fines against individuals hit record £12.9m as FSA gets tough

Financial Services Authority levies 54 fines to bring this year's total to whopping £63.4m

In Pictures: Round the Island in 80 years

The J.P. Morgan Asset Management Round the Island Race celebrates 80 years of racing annually around the Isle of Wight, on 25 June this year.

JP Morgan takes on risk of UK pension plan

JP Morgan has taken on £70m of risk posed by people living longer than expected in the first deal to hedge against higher life expectancy for a company pension plan's working members.

JP Morgan boosts its bankers' bonuses again

JP Morgan's London investment bankers are set to pocket an average of £233,000 each as the US bank thumbs its its nose at the industry's critics to increase the money it pays them despite falling profits.

City PA avoids jail over £10,000 company fraud

A City PA who stole thousands of pounds from her employers to pay for a friend's breast enhancement operation was spared jail today.

Obama appoints new chief of staff

President Barack Obama named JP Morgan Chase executive William Daley as his new White House chief of staff yesterday.

JP Morgan to move into former Lehman tower

JP Morgan has bought 25 Bank Street, the glass tower that once housed the London base of Lehman Brothers, the US investment bank that collapsed during the credit crisis in 2008.

JPMorgan to expand review of 100,000 pending repossessions

JPMorgan Chase, the second-biggest bank in the US, said it could face penalties over missing paperwork and irregularities in its foreclosure processes, but said the costs would be minor and that no customers had been inappropriately thrown out of their homes.

The Business On... Jamie Dimon, Chief executive, JP Morgan Chase

Not another Wall Street fat cat?

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory