wired. that s okay because there s lots of news this morning. up first this morning, heads about to roll. at jp morgan chase. according to bloomberg, the firm s entire london staff could be dismissed. the banking giant also expected to accept the resignation of this woman, ina drew. pulling down a salary of over $15 million a year. drew and two other company executives being held accountable for a stunning $2 billion loss. ceo jamie dimon doing damage control on sunday talk shows is. it was a stupid thing that, you know, we should never have done but we re still going to earn a lot of money this quarter. it isn t like this company is jeopardized. we hurt ourselves and credibility, yes, that we have to fully expect and pay the price for that. christine romans is here with us this morning. how much worse is this going to get? i know we were hearing about billion dollar loss, they re going to weather it. the big question is why should we care. the real damage here is f
his daughter s fight for her life. stand by. hello, everyone. i m don lemon. thanks for joining us tonight on cnn. here are tonight s big stories and what we re working on for tomorrow. the senate homestand security committee is going to hear a hearing on the secret service prostitution scandal. agency director mark sullivan will testify at the hearing on may 23rd. the scandal erupted last month just before president obama s trip to colombia. so far nine secret service employees have lost their jobs. yahoo! ceo scott thompson padded his resume and now he is out of a job. thompson s official bio stated he held two degrees in accounting and computer science, but it turns out his only degree is in accounting. he the only ceo he s held the job since january. yahoo! says its media chief will be named the company s new ceo. the $2 billion trading loss at jpmorgan is reportedly going to cost the top company executive her job, and it s renewing talk about how to prevent ano
hello, everyone. i m don lemon. thank you for joining us tonight on cnn. here are some of tonight s big stories and what we re working on for tomorrow. the senate homeland security committee is going to hear a hearing on the secret service prostitution scandal. agency director mark sullivan will testify at the hearing on may 23rd. the scandal erupted last month just before president obama s trip to colombia. so far, nine secret service employees have lost their jobs. yahoo! s ceo scott thompson padded his resume and now he is out of a job. thompson s official bio stated that he held two degrees in accounting and computer science, but it turns out his only degree is in accounting. he the only ceo he s held the job since january. yahoo! says its media chief ross levinsohn, will be named the company s new ceo. the $2 billion trading loss at jpmorgan is reportedly going to cost the top company executive her job, and it s renewing talk about how to prevent another wall str
gomez say? he believed that ivens is distraught and that he s possibly suicidal. what is interesting about that though is that they would not comment on exactly why they believe that to be the case but obviously they have reason to believe that is indeed the case. they did search his home. they looked for his handgun. couldn t find it. at this point they are assuming he took his handgun with him. do they believe he s still in the los angeles area? not sure. we can tell you this is the third day of searching. he was last seen on thursday night by his wife as she was going to bed. when she woke up the next morning he was gone. he just vanished. she called into authorities at about 7:30 in the morning on that friday. the search is the biggest in the burbank area in 20 years. 100 fbi agents. 40 sheriff s deputies and dozens more law enforcement agencies so all hands on deck for this situation. okay. we ll follow it. thanks so much. it may not come as news that if you lo
so this all actually happened late last week when the financial giant revealed it had made this risky credit bet in the european market. so now, we re hearing three executives are expected to resign and bloomberg is now reporting morgan s entire chief investment office of london could be cleaned out. the trades are raising some very, very serious questions this morning about whether the country s biggest bank learned anything from that financial crisis. let me remind you, that was merely four years ago and what happened to the laws that were supposed to stop all of this? that s one of the big questions we re asking this morning. many of the rules created by the dodd-frank bill still aren t in place, two years later. ceo jamie dimon acknowledging this new mess could give regulators and members of congress more reason to tighten any loopholes. have you given regulators new ammunition against the banks? absolutely. this is a very fortunate and inopportune time to have this k