Today we have learned that JP Morgan Chase CEO Jamie Dimon is having lunch with President Obama. There has been much speculation as to who will be the next Treasury Secretary and the name Jamie Dimon continues to pop up. President Obama has strong connections with Jamie Dimon since Dimon was the CEO of Bank [...]

BY BRIAN WILLIAMS Large U.S. banks reported huge profits for last year, the product of steps taken by Washington to bail them out of the worldwide financial crisis. Proposals by the Barack Obama administration for so-called bank reform and regulation don’t alter the capitalist government’s approach toward these giant financial institutions, which they consider “too [...]

If you’re ‘underwater’ on your mortgage, walking away might make sense, but when is it OK to set aside your responsibilities to your lender, your neighbors and yourself? [Related content: homes, home financing, mortgage, foreclosure, bankruptcy] By Liz Pulliam Weston MSN Money Are you stupid not to walk away from an “underwater” mortgage, even if [...]

Now here’s a story that’s all about high finance. JPMorgan Chase & Co. (JPM) earned $11.7 billion last year and paid out $26.9 billion in compensation, up 18% from the previous year. Employees on average earn $129,000, while investment bankers earned on average $380,000. JPMorgan said it hopes to restore its dividend to 75 cents [...]

The unemployment rate may in double digits and foreclosures may be on the rise, but over at JPMorgan Chase life is good. To hear Jamie Dimon, chairman and chief executive of JPMorgan Chase, tell it, his bank could have done better last year, and he remains cautious about the coming year. And that after JPMorgan [...]

WASHINGTON (CNNMoney.com) — As lawmakers start trickling back to Washington next week, a panel tasked with investigating the financial crisis is set to make its first big splash. The Financial Crisis Inquiry Commission, a 10-member panel appointed last summer by Congress, will hold public hearings on Wednesday and Thursday. Facebook Digg Twitter Buzz Up! Email [...]

JP Morgan Chase is set to defy calls for constraint over bankers’ bonuses this week when it delivers an expected $29bn (£18bn) compensation pot for its executives. By James Quinn Published: 9:27PM GMT 09 Jan 2010 The banking conglomerate, which will on Friday be the first Wall Street bank to report its fourth-quarter results, is [...]