Do We Need a ‘Truth in Settlements Act’? Two Senators Say Yes

On the heels of J.P.Morgan Chase’s $2.05 billion settlement with federal prosecutors over its oversight of Bernard Madoff’s operations , U.S. Senators Elizabeth Warren (D-MA) and Tom Coburn (R-OK) have introduced bipartisan legislation, the “Truth in Settlements Act,” that they...

Jamie Dimon Got a Big Raise, and Elizabeth Warren Is Very Upset

What does JPMorgan Chase’s $13 billion settlement with the Justice Department have to do with the 74 percent raise it just gave to its CEO, Jamie Dimon? If you are Elizabeth Warren, a lot. The Massachusetts Senator is suggesting that Dimon received his raise for negotiating that settlement,...