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NPR

JPMorgan's CEO Calls Losses 'Indefensible'

The chief executive of JPMorgan Chase, Jamie Dimon, was on Capitol Hill Wednesday, where he tried to explain his company's recent multibillion-dollar trading losses. Dimon told the Senate Banking Committee that the losses were indefensible. He also said the company may try to recover some of the compensation paid to the traders who were responsible.
NPR

Housing Recovery Seen; Will Credit Be The Spoiler?

The housing market is finally showing signs of a comeback, according to an annual study from Harvard. Home prices have stopped falling in many areas, and buyers are growing more confident. But, though mortgage interest rates are at record lows, banks are often cautious to lend.
NPR

'A Morning Ritual': New Orleans Fights For Its Paper

The city is rallying around its famous newspaper, the Times-Picayune, as it goes through layoffs and publication cutbacks. The public outcry is escalating, with the upper echelon of the city's political, business and cultural leaders pleading with the paper's owners to reconsider.
NPR

As Home-As-B&B Service Grows, So Does Controversy

The online service for short-term rentals in private homes known as Airbnb got a boost when it was featured at the recent Apple conference. But the company has also drawn in attention in cities like San Francisco, where legal concerns over everything from liability and safety to upset landlords have led to scrutiny. Audie Cornish speaks with Fast Company reporter Austin Carr about what Airbnb is up against.
NPR

Jury To Deliberate In Gupta Insider Trading Case

Jurors in the insider trading case of Rajat Gupta heard closing arguments on Wednesday. Gupta is the former head of McKinsey and Company, and a close associate of Raj Rajaratnam, the hedge fund manager who was convicted of insider trading last year.
NPR

JPMorgan CEO Maintains Close Ties In Washington

Melissa Block talks with New York Times banking reporter Jessica Silver-Greenberg. They discuss JPMorgan Chase CEO Jamie Dimon, and his ties to Washington. Dimon testified on Capitol Hill Wednesday that he could not defend the hedging strategy that resulted in a multibillion dollar trading loss in May.
NPR

JPMorgan CEO: $2 Billion Loss Was Indefensible

JPMorgan Chase CEO Jamie Dimon was on Capitol Hill Wednesday to answer questions about the surprise $2 billion trading loss the bank announced in May.

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