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JPMorgan's Dimon Says He'll Testify Before Congress

JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws.
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Afghanistan suicide bombings

Afghanistan Demands $4.1 Billion A Year; Plans To Sell Islamic Bonds

Afghanistan, bracing for a potential sharp decline in financial support from the West amid fears of a fresh military offensive by the Taliban insurgents, has demanded $4.1 billion a year for its security forces after the foreign troops pull out in 2014, ahead of the NATO summit starting Sunday.
Lobby of JP Morgan Chase headquarters in Manhattan

FBI Investigating JPMorgan Chase: Report

The U.S. Justice Department has launched an investigation of a huge trading loss incurred by JPMorgan Chase & Co. (NYSE: JPM), the Wall Street Journal said on Tuesday.
JP Morgan Chairman Jamie Dimon

Romney Campaign Defends JP Morgan, Contradicting Obama

JPMorgan's massive $2 billion trading loss has spilled over into presidential politics, with presumptive Republican nominee Mitt Romney calling the disastrous trade as an example of the inherent risks of the free market.
U.S. Senator Bob Corker

Politicians, SEC, Fitch Draw Bead On JPMorgan

Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.
Mitt Romney Gets Another Big Endorsement: Paul Ryan

US House GOP Votes To Cut Food Stamps Over Military Spending

In a vote that solidifies the Republican Party's economic platform heading into the 2012 election, the House voted on Thursday to reverse mandated cuts to the Pentagon by slashing social assistance programs that largely benefit poor Americans.

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