Jpmorgan chase News

New York - You may not have been sitting on the edge of your chair while the recent drama at JPMorgan Chase played out, but you should have been. The bank has found itself fighting a derivatives culture which has been sabotaging global economies for years.

Embracing a new economic theory, after it gains a foothold in the public consciousness, only occurs when a sustained undesired economic result from the previously employed thesis metastasize into a full crisis for the political class.

Is it possible that the bankruptcy of MF Global last October 31, 2011, the seventh largest bankruptcy in U.S. history, is this financial crisis cycle’s Bear Stearns – if a full blown crisis does occur?

JPMorgan Chase & CO has been hit with a lawsuit. The company is being sued for a staggering $95 million for allegedly misrepresenting the underlying mortgage loans.

New York - As Americans continue to deal with record home foreclosures and record unemployment, JPMorgan Chase announced on Friday its 2010 4th quarter net income jumped 47 percent from the same period in the prior year.