More tribulations at UBS, as unauthorized trading has left the bank with a big hole in its balance sheet. How big? The company says the loss could reach $2B -- and may turn a third-quarter profit into ...

CEO Jamie Dimon, who in recent years has given expansive answers to questions about the bank's handling of foreclosures and loan modifications, was unusually subdued at the JPMorgan annual meeting. He ...

JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in a trading portfolio designed to hedge against risks the company takes with its own money. JPMorgan Chase ...

JPMorgan Chase’s (NYSE:JPM) surprise $2 billion trading loss triggered a selloff in the banking sector on Friday morning as Wall Street frets about what the massive red ink could mean for other big ...

TAMPA, Fla. (AP) – The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that “should never have happened” and survived a push to strip him ...

While the meeting took place, JPMorgan stock climbed for the first time since the trading loss was revealed. It had fallen from $40.74 last Thursday to $35.79 after Monday's trading, but bounced back ...