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JPMorgan's Growing Loss Shakes Investor Faith
Traders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the second quarter. But the impact of the trading loss goes far beyond the bottom line.
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3:33
JPMorgan Chase To Pay Huge Fine In London Whale Settlement
JPMorgan Chase has agreed to pay regulators more than $900 million in fines over last year's London Whale trading fiasco. A handful of rogue traders at the bank lost more than $6 billion in a bad derivatives trading strategy. The traders then concealed the losses from senior executives for weeks. JPMorgan also formally admitted wrongdoing in the settlement with four different regulators.
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3:42
Days before Texas budget debate, educators call for increase in public schools funding
Under House Bill 1, the chamber’s spending plan, $5 billion would be allocated to increase funding for public and charter schools. That would raise the basic allotment by $50, to $6,210.
Besides the Manhattan DA's probe, Trump faces federal investigations
Former U.S. President Donald Trump is facing a multitude of legal challenges. What's the status of those investigations?
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3:41
Besides the Manhattan DA's probe, Trump faces federal investigations
Former U.S. President Donald Trump is facing a multitude of legal challenges. What's the status of those investigations?
Listen
•
3:41
Herring, Martinez to face off in runoff for District 11 council seat
Jeanette Martinez and Rick Herring will face off for a second time on June 10 to determine the winner of the race for the newly created District 11 in Fort Worth.
In House panel hearing, AG Garland insists he and the DOJ are independent
U.S. Attorney General Merrick Garland appeared before the House Judiciary Committee Wednesday, and defended the Justice Department's investigations into the Jan. 6 insurrection and Hunter Biden.
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3:35
How President Trump is changing presidential pardons
NPR's Mara Liasson explains how President Trump is transforming the power of presidential pardons.
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3:29
The queens of March Madness: Notre Dame's Freshman floor general Hannah Hidalgo
As America waits for the kickoff of the Men's and Women's NCAA Tournaments, NPR's providing listeners with mini profiles of talented players leading their teams into the tournamen.
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2:22
Ousted Capitol Security Officials Say They Didn't Have Intel To Plan For Riot
The officials testifying Tuesday resigned in the wake of the Jan. 6 insurrection. Former Capitol Police Chief Steven Sund said, "None of the intelligence we received predicted what actually occurred."
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