(Lucas : The news of the 18 began with JPMorgan Executive May Escape Penalty and The news of 19 July was interesting. 2 JPMorgan Directors Resign)
Picture by Carlo Allegri/Reuters : David M. Cote and Ellen V. Futter, directors of JPMorgan Chase, were criticized for their lack of financial experience.
Two directors at JPMorgan Chase who received lackluster support from shareholders at the bank’s annual meeting in May resigned on Friday.
The two board members, David M. Cote and Ellen V. Futter, were re-elected at the meeting, but narrowly.
Mr. Cote, the chairman and chief executive of Honeywell International, resigned after five years with the bank. Ms. Futter, the president of the American Museum of Natural History, had been on the board 16 years, JPMorgan said in a statement on Friday.
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JPMorgan Executive May Escape Penalty : by Jessica Silver-Greenberg
Picture by Manuel Balce Ceneta/Associated Press : Blythe Masters of JPMorgan. Regulators initially said she lied to them under oath about the bank’s energy trading tactics.
Even as the nation’s top energy regulator is poised to extract a record settlement from JPMorgan Chase over accusations that it manipulated power markets, the agency is expected to spare a top bank lieutenant who federal investigators initially contended made “false and misleading statements under oath,” according to people briefed on the matter.
Blythe Masters, a seminal Wall Street figure who is known for developing exotic financial instruments, emerged this spring at the center of an investigation by the Federal Energy Regulatory Commission into accusations of illegal trading in the California and Michigan electricity markets.
Read the whole story at : www.dealbook.nytimes.com / link to original article