With Republicans angry about the financial regulations pushed through by President Barack Obama and congressional Democrats, the securities and investment industry was the only major source of campaign contributions to switch sides in 2012 compared with 2008, giving a record...
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Photograph by Victor J. Blue/Bloomberg
The Morgan Stanley headquarters in New York.
Wall Street Hedged No Election Bets
Photograph by Andrew Harrer/Bloomberg
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at a House Financial Services Committee hearing in Washington on June 19, 2012.
Dimon Before Congress Is Campaign Donor Meeting Beneficiaries
JP Morgan CEO Jamie Dimon is familiar enough with the ways of Washington, D.C., that he’s made campaign donations to dozens of members of Congress — including some questioning him in committee hearings today and last week. Spencer Bachus, the...
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American banker and financier John Pierpont Morgan Sr., center, with his daughter Louisa Morgan and son John Pierpont Morgan Jr.
Politics of Fed Setup Come to JPMorgan
When banks failed and a broader economic collapse loomed in the panic of 1907, there was no Federal Reserve to come to the rescue. John Pierpont Morgan led a group of bankers in forming a pool of money to bail...
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Photograph by Andrew Harrer/Bloomberg
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at a Senate Banking Committee hearing in Washington on June 13, 2012.
Washington Daybook: Second Time Around
JPMorgan Chase & Co. CEO Jamie Dimon returns to Capitol Hill today at 9:30 a.m. to testify at a House Financial Services Committee hearing. Dimon, who appeared before the Senate Banking Committee on June 13, may face questions from lawmakers over whether the bank’s...
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Photograph by Andrew Harrer/Bloomberg
Daniel Tarullo, governor of the U.S. Federal Reserve, right, with Senator Sherrod Brown, a Democrat from Ohio, before a Senate Banking hearing.
Washington JPMorgan Probe Finding Banks Too-Big-To-Manage?
Sherrod Brown said it last week — and when JPMorgan CEO Jamie Dimon comes back to Washington today, Congress is going to try to pinpoint whether the Democratic Senator is right. Flash back a few days to Dimon, who has...
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Photograph by Michael Reynolds/EPA
Senator Jay Rockefeller on the Capitol.
A Rockefellerian Line of Credit
A Rockefeller is probably good for a loan like this. The question is why he needs it. Today, for the first time, members of Congress divulged the details of their home mortgages as well as their general personal finances. And...
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Photograph by Jonathan Ernst/Bloomberg
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., testifies at a Senate Banking Committee hearing on June 13, 2012.
Dimon: Republicans’ Regulatory Ally
JPMorgan Chase CEO Jamie Dimon may have spent more time at today’s Senate Banking Committee hearing bolstering the case against the 2010 financial regulatory overhaul than defending his bank. While Dimon acknowledged and apologized for the failures that led to...
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Photograph by Karen Bleier/AFP/Getty Images
Jamie Dimon, chairman of the board, president and CEO of JPMorgan Chase & Co.
Jamie Dimon on the `Fiscal Cliff’
In Jamie Dimon’s testimony before Congress today, the JPMorgan CEO delivered a message on the economy that is getting lost in what one observer called the “political theater.” Dimon, now the target of Senate questions about the bank’s $2 billion trading...
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Photograph by Mark Lennihan/AP Photo
JPMorgan office building in New York.
Magic Number of the Day: $2 Billion
That’s the estimated amount of trading losses at the chief investment office of JP Morgan Chase & Co. The losses may be higher, though the $2 billion figure probably will be mentioned today at a Senate Banking Committee hearing in...
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Photograph by Mario Tama/Getty Images
Jamie Dimon
Jamie Dimon to Apologize Before Senate
Jamie Dimon, the JPMorgan CEO who spent months arguing for less regulation of the banking industry, is coming to Washington tomorrow to apologize after a $2 billion trading loss that’s now fueling calls for tighter banking regulation. He plans to tell...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
