Jamie Dimon

TAMPA, Fla. -- JPMorgan Chase & Co.'s shareholders filed into a suburban office building here Tuesday for a potentially dramatic annual meeting. It will be the first time Jamie Dimon, the bank's chairman and chief executive officer, and other senior executives and board members will face shareholders since the bank disclosed a stunning $2-billion loss due to complicated derivatives trades. Since the disclosure, the bank's stock has plunged 12%. PHOTOS: JPMorgan board faces shareholders The attendees for the meeting drove into JPMorgan's heavily guarded east Tampa campus, part of an office park dotted with palm trees.

Investors sent stocks lower ahead of the release of corporate earnings that Wall Street will digest in coming weeks. The Dow Jones industrial average lost 48 points, or 0.4%, to 13,336 shortly after the opening bell. The broader Standard & Poor's 500 index lost seven points, or 0.5%, to 1,455. The Nasdaq was down nine  points, or 0.3%, to 3,090. Earnings season unofficially begins with aluminum giant Alcoa Inc., which is to release earnings after the markets close Tuesday.

This is what passes for hard times in the executive suites of Wall Street - the compensation of Morgan Stanley's top executive fell to $13 million. The 2011 pay package of James Gorman, chief executive of the New York investment bank, decreased almost 15% from the $15.2 million he hauled in the previous year, according to a filing with the Securities and Exchange Commission on Thursday. His compensation included $800,000 in salary, a $2.7 million bonus, $5.9 million in stock awards and $3.5 million in stock options.

WASHINGTON -- A key financial regulator said the investigation of the more than $2-billion trading loss at JPMorgan Chase & Co. has found the bank apparently has "serious risk management issues" that might go beyond the office responsible for the losses. "We do believe as a preliminary matter that there are apparent serious risk management weaknesses at the bank," Comptroller of the Currency Thomas J. Curry told the House Financial Services Committee on Tuesday. The Office of the Comptroller of the Currency is the main regulator for JPMorgan Chase's banking operations and is "continuing to examine the root causes for those failures and whether there are other weaknesses" outside the firm's chief investment office, which conducted the trades that led to the losses.

TAMPA, Fla. - Jamie Dimon will keep his jobs as chairman and chief executive of JPMorgan Chase & Co. Shareholders overwhelmingly voted him back onto the board as well as approving executive compensation packages. Shareholders voted only 40% in favor of a nonbinding proposal to split the jobs of chairman and CEO. Final vote tallies will be filed later with the Securities and Exchange Commission. But shareholders at the bank's annual meeting in Tampa, Fla., took the opportunity to confront Dimon about the company's recently disclosed $2-billion loss and 12% stock plunge.

JPMorgan Chase & Co.'s profits surged 34% in the third quarter as the country's largest bank by assets saw its mortgage business boom and market share grow. JPMorgan, which also reported strong growth in its units such as credit card and commercial banking, said it earned a record $5.7 billion, or $1.40 a share, in the third quarter, up from $4.3 billion, or $1.02, the same period a year ago. “Importantly, we believe the housing market has turned the corner," Jamie Dimon, chairman and chief executive, said in a statement.

JPMorgan Chase & Co.'s losses from risky derivatives bets widened to $4.4 billion in the second quarter, the bank announced. Originally pegged at $2 billion when the bank disclosed the blunder in May, the bad bets have renewed debates over financial regulations four years after the financial crisis, when risky trading on Wall Street helped bring the system to the brink. At an analysts meeting Friday morning, JPMorgan's chief financial officer added that year-to-date losses from the bad trades have reached $5.8 billion.

JPMorgan Chase & Co., bracing for higher legal costs, set aside an additional $684 million in the third quarter for litigation expenses. Jamie Dimon, the bank's chairman and chief executive, declined to specify what led the bank to up its litigation reserves. "Obviously we're in a litigious society," Dimon said in a conference call with reporters Friday morning. “We've got a lot of mortgage suits coming, and others. " "We expect some litigation expenses going forward but hopefully it'll come down over time," he added.

JPMorgan Chase & Co. posted a 67% jump in first-quarter profit thanks to an improving U.S. economy. Revenue at the company, the first of the major banks to report its results for the period, was down from a year earlier. But the firm had to put aside much less money to cover anticipated customer losses, which underscored improving financial circumstances for businesses and consumers. "There is a lot of money washing around the world, and obviously we are the beneficiary of that," Jamie Dimon, JPMorgan's chief executive, said during a call with analysts after releasing the earnings Wednesday.

It's a measure of how successful Wall Street has been at eviscerating the so-called Volcker Rule that in its current guise it would not have prevented JPMorgan Chase from making the derivatives trades that produced the stunning $2-billion trading loss disclosed this week. Even in its weakened loophole-ridden state, the rule, which prohibits banks from making risky trades for their own accounts, has been raked with gunfire from Jamie Dimon, the JPMorgan chairman who presided over that loss.