<?xml version="1.0" encoding="utf-8"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:thr="http://purl.org/syndication/thread/1.0" xmlns:activity="http://activitystrea.ms/spec/1.0/" xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><title>msnbc.com business</title><link>http://business.newsvine.com/</link><description></description><language>en-us</language><copyright>Copyright 2012</copyright><lastBuildDate>Wed, 16 May 2012 20:54:23 +0000</lastBuildDate><pubDate>Wed, 16 May 2012 21:53:05 +0000</pubDate><generator>http://www.newsvine.com</generator><docs>http://blogs.law.harvard.edu/tech/rss</docs><item><title>Ally aims to end mortgage woes with ResCap filing</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11735348-ally-aims-to-end-mortgage-woes-with-rescap-filing</link><guid>http://business.newsvine.com/_news/2012/05/16/11735348-ally-aims-to-end-mortgage-woes-with-rescap-filing</guid><category>business</category><category>stocks-economy</category><pubDate>Wed, 16 May 2012 20:54:23 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Analysis: Argentines jump through new hoops to get dollars</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11734993-analysis-argentines-jump-through-new-hoops-to-get-dollars</link><guid>http://business.newsvine.com/_news/2012/05/16/11734993-analysis-argentines-jump-through-new-hoops-to-get-dollars</guid><category>business</category><category>stocks-economy</category><pubDate>Wed, 16 May 2012 20:07:33 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>SNAP Grant Allows Little Rock Homeowner to Replace HVAC Unit After 10 Years Without Central Air</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11734974-snap-grant-allows-little-rock-homeowner-to-replace-hvac-unit-after-10-years-without-central-air</link><guid>http://business.newsvine.com/_news/2012/05/16/11734974-snap-grant-allows-little-rock-homeowner-to-replace-hvac-unit-after-10-years-without-central-air</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 20:05:20 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>The little things: Managing a micromanager</title>
<description><![CDATA[Start by understanding what causes someone to act this way
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Start by understanding what causes someone to act this way</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11734848-the-little-things-managing-a-micromanager</link><guid>http://business.newsvine.com/_news/2012/05/16/11734848-the-little-things-managing-a-micromanager</guid><category>business</category><category>forbescom</category><pubDate>Wed, 16 May 2012 19:49:15 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Five Ways to Tame Your Inbox</title>
<description><![CDATA[These tools that can help any small business gain control of email clutter and become more organized and productive.
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>These tools that can help any small business gain control of email clutter and become more organized and productive.</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11734670-five-ways-to-tame-your-inbox</link><guid>http://business.newsvine.com/_news/2012/05/16/11734670-five-ways-to-tame-your-inbox</guid><category>business</category><category>small-business</category><category>entrepreneurcom</category><pubDate>Wed, 16 May 2012 19:30:48 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Senior Talent Joins GoPago to Drive Product Development and Expand Sales </title>
<description><![CDATA[Josh Bradbury, Navneet Singh and Venu Venugopal Contribute Experience From Senior Positions at IBM, Google and Adobe to Build Out Product Features and Accelerate Merchant Adoption
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Josh Bradbury, Navneet Singh and Venu Venugopal Contribute Experience From Senior Positions at IBM, Google and Adobe to Build Out Product Features and Accelerate Merchant Adoption</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11734501-senior-talent-joins-gopago-to-drive-product-development-and-expand-sales</link><guid>http://business.newsvine.com/_news/2012/05/16/11734501-senior-talent-joins-gopago-to-drive-product-development-and-expand-sales</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 19:12:14 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Multi-Faceted Automotive Mecca Hot Rod City, Home to the World Famous Dezer Collection and Las Vegas Choppers and Tattoo Parlor, Celebrates Its Grand Opening Saturday May 12 From 10-5 </title>
<description><![CDATA[The Multi-Faceted Facility's Classic Car and Motorcycle Dealership Is Run by the 'Mayor of Hot Rod City,' Steve Levesque
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>The Multi-Faceted Facility's Classic Car and Motorcycle Dealership Is Run by the 'Mayor of Hot Rod City,' Steve Levesque</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11734495-multi-faceted-automotive-mecca-hot-rod-city-home-to-the-world-famous-dezer-collection-and-las-vegas-choppers-and-tattoo-parlor-celebrates-its-grand-opening-saturday-may-12-from-10-5</link><guid>http://business.newsvine.com/_news/2012/05/16/11734495-multi-faceted-automotive-mecca-hot-rod-city-home-to-the-world-famous-dezer-collection-and-las-vegas-choppers-and-tattoo-parlor-celebrates-its-grand-opening-saturday-may-12-from-10-5</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 19:11:24 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Oil price still falling,  near $93 a barrel</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11733840-oil-price-still-falling-near-93-a-barrel</link><guid>http://business.newsvine.com/_news/2012/05/16/11733840-oil-price-still-falling-near-93-a-barrel</guid><category>business</category><category>oil-energy</category><pubDate>Wed, 16 May 2012 18:04:30 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Colossus Minerals to Present at Macquarie's &quot;Making the Grade&quot; Mining Conference</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11733223-colossus-minerals-to-present-at-macquaries-making-the-grade-mining-conference</link><guid>http://business.newsvine.com/_news/2012/05/16/11733223-colossus-minerals-to-present-at-macquaries-making-the-grade-mining-conference</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 16:34:13 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Spain's Repsol sues Argentina over YPF takeover</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11732787-spains-repsol-sues-argentina-over-ypf-takeover</link><guid>http://business.newsvine.com/_news/2012/05/16/11732787-spains-repsol-sues-argentina-over-ypf-takeover</guid><category>business</category><category>oil-energy</category><pubDate>Wed, 16 May 2012 15:43:09 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Facebook investors to cash out more shares</title>
<description><![CDATA[Landmark offering expanded, could raise more than $16 billion
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Landmark offering expanded, could raise more than $16 billion</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11732714-facebook-investors-to-cash-out-more-shares</link><guid>http://business.newsvine.com/_news/2012/05/16/11732714-facebook-investors-to-cash-out-more-shares</guid><category>business</category><category>us-business</category><pubDate>Wed, 16 May 2012 15:36:01 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Back from foreclosure to homeownership</title>
<description><![CDATA[Americans, trying to escape rising rents, are venturing back into housing despite prior default
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Americans, trying to escape rising rents, are venturing back into housing despite prior default</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11732243-back-from-foreclosure-to-homeownership</link><guid>http://business.newsvine.com/_news/2012/05/16/11732243-back-from-foreclosure-to-homeownership</guid><category>business</category><category>real-estate</category><pubDate>Wed, 16 May 2012 14:26:36 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Qzina Specialty Foods Builds the World's Largest Chocolate Sculpture </title>
<description><![CDATA[The Record-Breaking Chocolate Sculpture Weighs 18,239 Pounds and Models an Ancient Mayan Temple
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>The Record-Breaking Chocolate Sculpture Weighs 18,239 Pounds and Models an Ancient Mayan Temple</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11732112-qzina-specialty-foods-builds-the-worlds-largest-chocolate-sculpture</link><guid>http://business.newsvine.com/_news/2012/05/16/11732112-qzina-specialty-foods-builds-the-worlds-largest-chocolate-sculpture</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 14:11:49 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Boxer presses NRC on questions at Calif nuke plant</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11731266-boxer-presses-nrc-on-questions-at-calif-nuke-plant</link><guid>http://business.newsvine.com/_news/2012/05/16/11731266-boxer-presses-nrc-on-questions-at-calif-nuke-plant</guid><category>business</category><category>oil-energy</category><pubDate>Wed, 16 May 2012 13:03:23 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Kelly-Moore Paints Introduces Next Generation Zero-VOC Colorants </title>
<description><![CDATA[Eco-Friendly Zero-VOC Colorants Offer Better Performance Than Conventional Colorants and Maintain Excellent Interior Air Quality During Application
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Eco-Friendly Zero-VOC Colorants Offer Better Performance Than Conventional Colorants and Maintain Excellent Interior Air Quality During Application</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11730342-kelly-moore-paints-introduces-next-generation-zero-voc-colorants</link><guid>http://business.newsvine.com/_news/2012/05/16/11730342-kelly-moore-paints-introduces-next-generation-zero-voc-colorants</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 11:32:10 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>FBI launches probe of JPMorgan, shareholders back Dimon</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/16/11727557-fbi-launches-probe-of-jpmorgan-shareholders-back-dimon</link><guid>http://business.newsvine.com/_news/2012/05/16/11727557-fbi-launches-probe-of-jpmorgan-shareholders-back-dimon</guid><category>business</category><category>stocks-economy</category><pubDate>Wed, 16 May 2012 07:11:32 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Climate Change and Emissions Management (CCEMC) Corporation announces $7 million in funding for adaptation projects in Alberta</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11725359-climate-change-and-emissions-management-ccemc-corporation-announces-7-million-in-funding-for-adaptation-projects-in-alberta</link><guid>http://business.newsvine.com/_news/2012/05/15/11725359-climate-change-and-emissions-management-ccemc-corporation-announces-7-million-in-funding-for-adaptation-projects-in-alberta</guid><category>business</category><category>press-releases</category><pubDate>Wed, 16 May 2012 03:39:37 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Something to Watch With Sprint Nextel</title>
<description><![CDATA[These two metrics can tell you a lot.
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>These two metrics can tell you a lot.</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11725297-something-to-watch-with-sprint-nextel</link><guid>http://business.newsvine.com/_news/2012/05/15/11725297-something-to-watch-with-sprint-nextel</guid><category>business</category><category>motley-fool</category><pubDate>Wed, 16 May 2012 03:34:12 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>The Biggest Threat to Your Nest Egg</title>
<description><![CDATA[Two hints: It's not inflation, and it's not taxes.
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Two hints: It's not inflation, and it's not taxes.</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11724376-the-biggest-threat-to-your-nest-egg</link><guid>http://business.newsvine.com/_news/2012/05/15/11724376-the-biggest-threat-to-your-nest-egg</guid><category>business</category><category>motley-fool</category><pubDate>Wed, 16 May 2012 02:23:55 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Plan to cut tube wear falls short at Cal nuke site</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11724343-plan-to-cut-tube-wear-falls-short-at-cal-nuke-site</link><guid>http://business.newsvine.com/_news/2012/05/15/11724343-plan-to-cut-tube-wear-falls-short-at-cal-nuke-site</guid><category>business</category><category>oil-energy</category><pubDate>Wed, 16 May 2012 02:21:45 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>How older workers can rebound from a job loss</title>
<description><![CDATA[Baby boomers can build networks to get back on their feet after a layoff
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<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Baby boomers can build networks to get back on their feet after a layoff</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11724340-how-older-workers-can-rebound-from-a-job-loss</link><guid>http://business.newsvine.com/_news/2012/05/15/11724340-how-older-workers-can-rebound-from-a-job-loss</guid><category>business</category><category>careers</category><pubDate>Wed, 16 May 2012 02:21:30 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>Federal regulator questions Calif. mortgage bills</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11724064-federal-regulator-questions-calif-mortgage-bills</link><guid>http://business.newsvine.com/_news/2012/05/15/11724064-federal-regulator-questions-calif-mortgage-bills</guid><category>business</category><category>stocks-economy</category><pubDate>Wed, 16 May 2012 01:56:32 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>How to get a job if you're overqualified</title>
<description><![CDATA[Focus the rÃÂ©sumÃÂ© on how you can help the employer
]]></description>
<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText "><div class="articleText"><p>Focus the rÃÂ©sumÃÂ© on how you can help the employer</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11719954-how-to-get-a-job-if-youre-overqualified</link><guid>http://business.newsvine.com/_news/2012/05/15/11719954-how-to-get-a-job-if-youre-overqualified</guid><category>business</category><category>forbescom</category><pubDate>Tue, 15 May 2012 19:31:03 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item><item><title>JPMorgan's Dimon escapes the frying pan but faces the fire</title>
<description><![CDATA[
It took less than an hour for JPMorgan Chase's CEO Jamie Dimon to dispatch a relatively tame group of shareholders at the bank&rsquo;s annual meeting in Tampa on Tuesday.
That was the easy part.
Now,&nbsp;the bank&rsquo;s combative CEO&nbsp;faces two government inquiries and a s&nbsp;&hellip;]]></description>
<content:encoded><![CDATA[<div class="vine-p p-content_ArticleText clearfix"><div class="articleText"><div id="vine-inlinePhoto__11719248" data-contentId="11719248" class="inlinePhoto photo_landscape photo_align_block " style="width:600px;"><img id="http://msnbcmedia.msn.com/i/MSNBC/Components/Photo/_new/120515_jpm_hmed_1125p.jpg" src="http://msnbcmedia.msn.com/j/MSNBC/Components/Photo/_new/120515_jpm_hmed_1125p.photoblog600.jpg" alt="" width="600" height="401" /><p class="photo_credit">Joe Raedle / Getty Images</p><div class="photo_credit_container"><p>Protesters watch as cars leave outside the building where a JPMorgan Chase shareholders meeting was taking place on May 15, 2012 in Tampa, Fla. </p></div><!-- end11719248 --></div><p>It took less than an hour for JPMorgan Chase's CEO Jamie Dimon to dispatch a relatively tame group of shareholders at the bank&rsquo;s annual meeting in Tampa on Tuesday.</p><p>That was the easy part.</p><p>Now,&nbsp;the bank&rsquo;s combative CEO&nbsp;faces two government inquiries and a substantial legal liability from angry investors who have lost more than $20 billion after a series of risky bets inflicted at least $2 billion in losses on the nation&rsquo;s largest &ndash; and once most-admired - bank.</p><p>On Tuesday, the New York office of the FBI opened an investigation into&nbsp;JPMorgan&rsquo;s ill-fated trading scheme, a source familiar with the probe told Reuters. The source, who requested anonymity because the investigation is ongoing, said the probe was in a "preliminary" stage.</p><p>The investigation follows a separate inquiry by regulators at the&nbsp;<a target="_blank" href="http://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-org">Securities and Exchange Commission</a>, first reported in early&nbsp;April,&nbsp;into JPMorgan's&nbsp;accounting practices. When JPMorgan reported its quarterly earnings on April 13, Dimon dismissed those reports as &ldquo;a tempest in a teapot.&rdquo;</p><p>Investigators will likely be looking into how well Dimon was briefed on the losses, which began mounting weeks before they were disclosed on May 10. Securities laws require&nbsp;public companies to disclose in a timely manner material information that could affect&nbsp;shareholders&rsquo; investments.</p><p>With some 850 million shares traded between April 13 and May 10, the bank faces&nbsp;&ldquo;substantial liability" from shareholders who lost money based on Dimon&rsquo;s initial assurances, according to&nbsp;Dennis Kelleher, a securities lawyer who heads a Better Markets, nonprofit shareholder advocacy group.</p><p>&ldquo;This is supposed to be a well-managed bank with a CEO who sweats the details with a gold-plated risk management team,&rdquo; he said. &ldquo;The lawsuits will be a mile high by the time they&rsquo;re all filed.&rdquo;</p><p>Several hundred of those shareholders gathered Tuesday at a suburban office park in Tampa, Fla.,&nbsp;under tight security that had been arranged for a protest that never really materialized. After rushing through his prepared remarks, Dimon listened patiently to series of mild scoldings.</p><p>"We heard the same refrain: We have learned from our mistakes. This will never be allowed to happen again," said Rev. Seamus Finn, representing shareholders from Missionary Oblates of Mary Immaculate. "I can't help wondering if you are listening."</p><p>Among the shareholder proposals under consideration was a provision to force Dimon to abandon his dual role as chairman and CEO. The move won only 40 percent approval despite the backing of large institutional investors such as the California Public Employees' Retirement System, which argued that a separate board chairman would provide stronger management oversight.</p><p>Some shareholders also pressed Dimon on the bank&rsquo;s failure to provide greater assistance to families facing foreclosure,</p><p>&ldquo;If Chase can afford to gamble with $2 billion without an impact on its bottom line, why can&rsquo;t it reduce principal for borrowers. We&rsquo;re talking about real people. They&rsquo;re not just dollar signs,&rdquo;&nbsp;Laura Johns, a former housing counselor, told Dimon at the annual meeting.</p><div id="vine-inlineVideo__11719011" class="inlineVideo  photo_align_block" data-contentid="11719011"><iframe videoId="" thumbnail="http://msnbcmedia.msn.com/j/MSNBC/Components/Video/__NEW/_CNBC/c_powerlunch_jpmorgansh_120515.thumb.jpg" src="http://www.msnbc.msn.com/id/39788177?launch=47432762&amp;PG=MSVNA3&amp;BTS=MSVNMB&height=429&width=600" height="439" width="600"  border="0" frameborder="0" scrolling="no" hspace="0" vspace="0"></iframe><p>Peter Skillern, Reinvestment Partners executive director, shares perspective from JPMorgan's annual shareholder meeting in Tampa, Florida.</p><!-- end11719011 --></div><p>Dimon and JPMorgan face an even tougher round of questioning from Congress, regulators, federal prosecutors and shareholders.</p><p>On Monday, Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, announced hearings in the next few weeks on financial regulation that will include the JPMorgan loss. The hearings are&nbsp;expected to&nbsp;address the question of&nbsp;whether the loss-making trades were &ldquo;hedges&rdquo; against wider financial risk &ndash; or outright bets with depositors' and shareholders' money.</p><p>&ldquo;Nobody actually knows what was going on because JPM has decided not to disclose what was going on,&rdquo; said Kelleher. "So you basically have only speculation so far."</p><p>Until last week, Dimon had been an outspoken critic of new regulations aimed at restricting so-called proprietary trading that Congress has sought to outlaw since the financial collapse of 2008. He had led his industry&rsquo;s effort to water down some provisions of the Dodd-Frank regulations enacted in 2009 to curb&nbsp;speculative trading.</p><p>The bank&rsquo;s spectacular trading blunder &ndash; the final loss is still&nbsp;been tallied &ndash; has <a target="_blank" href="http://economywatch.msnbc.msn.com/_news/2012/05/14/11700520-jpmorgan-losses-revive-worries-that-washington-is-unable-to-regulate-wall-street?lite">bolstered the case for tougher rules</a> to prevent a repeat of the risky strategies that brought down the financial system in 2008. On Tuesday, U.S. Treasury Secretary Timothy Geithner said JPMorgan's losses strengthened the case for reform.</p><p>"The test of reform is not whether you can prevent banks from making mistakes ... the test of reform should be: Do those mistakes put at risk the broader economy, the financial system or the taxpayer?" Geithner said in Washington.</p><p>At Tuesday&rsquo;s shareholders meeting, Dimon struck a more conciliatory tone on the subject of regulating the financial system,</p><p>&ldquo;Our interest is the same as yours: to make it strong and sound,&rdquo; he told shareholders. &ldquo;We believe in strong simple good regulations. It&rsquo;s not simply a question of more or less.&nbsp;We supported an awful lot of what is in Dodd-Frank."</p><p>Dimon also faces calls to resign as a member of the board of the New York Federal Reserve, one of JPMorgan&rsquo;s chief regulators.</p><p>Having bankers on the boards of regional Fed banks &ldquo;is a problem, period,&rdquo;&nbsp;Sheila Bair, senior adviser at Pew Charitable Trusts and a former chairman of the Federal Deposit Insurance Corp. told Bloomberg news. &ldquo;Why the regional banks have members of the industry that they regulate on their boards is beyond me.&rdquo;</p></div></div>]]></content:encoded>
<dc:creator><![CDATA[John W. Schoen]]></dc:creator><source><![CDATA[Market Day]]></source><link>http://marketday.msnbc.msn.com/_news/2012/05/15/11718677-jpmorgans-dimon-escapes-the-frying-pan-but-faces-the-fire</link><guid>http://marketday.msnbc.msn.com/_news/2012/05/15/11718677-jpmorgans-dimon-escapes-the-frying-pan-but-faces-the-fire</guid><category>stocks</category><category>management</category><category>jpmorgan</category><category>jamie-dimon</category><pubDate>Tue, 15 May 2012 18:34:42 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/generic_post</activity:object-type><media:content url="http://msnbcmedia.msn.com/j/MSNBC/Components/Photo/_new/120515_jpm_hmed_1125p.photoblog400.jpg" type="image/jpeg" medium="image" height="267" width="400" ><media:thumbnail url="http://msnbcmedia.msn.com/j/MSNBC/Components/Photo/_new/120515_jpm_hmed_1125p.120;120;7;70.jpg" width="120" height="81" /><media:description type="plain">&lt;p&gt;Protesters watch as cars leave outside the building where a JPMorgan Chase shareholders meeting was taking place on May 15, 2012 in Tampa, Fla. &lt;/p&gt;</media:description><media:credit role="owner" scheme="urn:yvs">Joe Raedle / Getty Images</media:credit></media:content><media:content medium="video" url="http://www.newsvine.com/_nv/api/media/getMobileVideo?videoId=47432762" ><media:thumbnail url="http://msnbcmedia.msn.com/j/MSNBC/Components/Video/__NEW/_CNBC/c_powerlunch_jpmorgansh_120515.thumb.jpg" /><media:description type="plain">Peter Skillern, Reinvestment Partners executive director, shares perspective from JPMorgan's annual shareholder meeting in Tampa, Florida.</media:description><media:credit role="owner" scheme="urn:yvs"></media:credit></media:content></item><item><title>News Summary: Saverin dumps US citizenship pre IPO</title>
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<dc:creator><![CDATA[]]></dc:creator><source><![CDATA[msnbc.com business]]></source><link>http://business.newsvine.com/_news/2012/05/15/11718716-news-summary-saverin-dumps-us-citizenship-pre-ipo</link><guid>http://business.newsvine.com/_news/2012/05/15/11718716-news-summary-saverin-dumps-us-citizenship-pre-ipo</guid><category>business</category><pubDate>Tue, 15 May 2012 17:46:06 +0000</pubDate><activity:verb>http://activitystrea.ms/schema/1.0/post</activity:verb><activity:object-type>http://activitystrea.ms/schema/1.0/bookmark</activity:object-type></item></channel></rss>
