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

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