The Age logo The Age 4 weeks ago

JPMorgan finds a nasty surprise

JPMorgan Chase found an unsettling fact buried in the books of newly acquired Bear Stearns last year: The brokerage had loaned millions of dollars to a German money manager for bets on hedge funds no one had ever heard of. Full Article at The Age

Related Topics:

  1. Jamie Dimon
  2. J.P. Morgan Chase & Co.
  3. Merrill Lynch

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Related Quotes

  1. I love the retail broker business because my dad is a broker and my grandfather was a broker and it was the first job I ever had
    Jamie Dimon – Jamie Dimon SOURCE: New York Post 4 weeks ago
  2. Not a single witness, not a single witness, says the most obvious and fundamental thing, that the funds belong to JPMorgan
    SOURCE: Reuters 1 month ago
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. WASHINGTON - NOVEMBER 17: Attorney General Eric Holder (2nd L) speaks during a news conference at the Justice Department announcing the formation of a financial fraud task force with Housing and Urban Development Secretary Shaun Donovan (L), U.S. Secretary of the Treasury Timothy Geithner (2nd R...
  2. Securities and Exchange Commission Director of Enforcement Ron Khuzami, center, accompanied by Attorney General Eric Holder, left, and Housing Urban Development Secretary Shaun Donovan, speaks during a news conference on financial fraud efforts, Tuesday, Nov. 17, 2009, at the Justice Department i...
  3. WASHINGTON - SEPTEMBER 30: Securities and Exchange Commission (SEC) Chair Mary Schapiro speaks during a public roundtable meeting at the headquarters of SEC September 30, 2009 in Washington, DC. The meeting was to discuss possible measures to limit the short selling of stocks.
  4. WASHINGTON - SEPTEMBER 10: Chartered Financial Analyst and Certified Fraud Examiner Harry Markopolos (L) listens to U.S. Securities and Exchange Commission Inspector General David Kotz (R) testify about the failure of the SEC to discover Bernard L. Madoff's ponzi scheme during a hearing before t...
  5. WASHINGTON - JULY 23: Federal Reserve Board of Governors member Daniel Tarullo testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 23, 2009 in Washington, DC.
  6. WASHINGTON - JUNE 25: U.S. Secretary of the Treasury Timothy Geithner (R) listens to Securities and Exchange Commission Chairman Mary Shapiro (L) as he convenes the President's Working Group on Financial Markets (PWG) at the Department of the Treasury June 25, 2009 in Washington, DC.
  7. CHICAGO - OCTOBER 27: Police walk by a cutout of Jamie Dimon, CEO of JPMorgan Chase, during a rally calling for bank reform near the Sheraton Hotel where the American Bankers Association's (ABA) annual convention was being held October 27, 2009 in Chicago, Illinois.
  8. Jamie Dimon, chairman and CEO of JPMorgan Chase, speaks at the Securities Industry and Financial Marketers Association annual meeting in New York,October 27, 2009.
  9. NEW YORK - OCTOBER 14: A sign on the outside of a Chase bank branch October 14, 2009 in New York City. JP Morgan Chase & Co. reported large third-quarter earnings of 3.6 billion and said it approximately doubled the amount of money it allocated for failed home and credit card loans.

Cast of Characters

  1. Jamie Dimon Jamie Dimon
  2. J.P. Morgan Chase & Co. J.P. Morgan Chase & Co.
  3. Securities and Exchange Commission Securities and Exchange Commission
  4. Merrill Lynch Merrill Lynch
  5. Michael Lee
  6. BNP Paribas BNP Paribas