Gabriel joined JPMorgan in 2004 and worked in technology. He was not a trader or a banker.
Jp Morgan Chase
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Tuesday 21 August 2012
One of America's most notorious oil executives has been selected by JPMorgan to lead the internal inquiry into the $6bn (£3.8bn) of trading losses run up by the so-called London Whale.
Thursday 16 August 2012
The rate-rigging scandal that has rocked the banking industry showed no signs of abating today as US authorities summoned three British banks for questioning.
Sunday 29 July 2012
Friday 27 July 2012
Tuesday 24 July 2012
Friday 13 July 2012
The losses racked up by disastrous trades at the London office of America's biggest bank nearly trebled to £3.7 billion, it emerged today.
Tuesday 10 July 2012
Shareholders in the London Metal Exchange will vote on 25 July on a £1.4bn takeover offer by the Hong Kong stock exchange, which could deliver a payout of £7.4m for the LME's chief executive, Martin Abbott.
Sunday 08 July 2012
Sunday 01 July 2012
Business leaders this weekend expressed major concerns that the wave of banking scandals could permanently damage the status of London as the world's greatest financial centre.
Saturday 23 June 2012
US Outlook: Arbitrary! Backward looking! Completely unwarranted! Complaining by the banks downgraded by Moody's started the second the rating agency's actions hit the wire late on Thursday night. Citigroup sounded especially aggrieved at the two-notch cut to its credit rating, but all the affected institutions rushed out statements to assert that they have never been safer.
Friday 22 June 2012
Shares in Invensys tumbled by 14 per cent yesterday, after it was forced to make an embarrassing U-turn and admit US giant Emerson had made a £2bn-plus bid approach but gone away.
Sunday 17 June 2012
Saturday 16 June 2012
US Outlook Hedge/hej/*. A tangle of impenetrable bushes designed to obscure your activities from public view. (From the Oxford English Dictionary, as reimagined by Jamie Dimon.)
Thursday 14 June 2012
Executives responsible for JP Morgan Chase's $2bn (£1.3bn)-plus trading losses will have some of their pay clawed back, the bank's chief executive, Jamie Dimon, told the US Congress yesterday.
Wednesday 13 June 2012
JPMorgan Chase was trying to prepare for new international regulations designed to make the financial system safer when it put on the disastrous hedging strategy that has cost it $2bn and counting.
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