JPMorgan Bank Announces Massive Surprise Loss
STAN HONDA/AFP/Getty Images(NEW YORK) — JPMorgan, in an unexpected announcement, said it saw $2 billion in trading losses in the last six weeks, and may yet see more.“We have egg on our face,” Jamie Dimon, the massive bank’s CEO, sai…
May Day Protest? Banks Get White Powder Envelopes
Scott Eells/Bloomberg via Getty Images(NEW YORK) — Envelopes containing suspicious powder were sent through the mail to at least seven locations in Manhattan, primarily Wells Fargo banks, in an apparent May Day protest, police officials said.”This is …
Thousands of Internal Bank Thefts Go Unprosecuted Each Year
iStockphoto/Thinkstock(NEW YORK) — When $20,000 disappeared from a small community bank near Birmingham, Ala., administrators knew they didn’t have to look far for a suspect. It was an inside job. It almost always is.Bank employees led inv…