WASHINGTON (Reuters) – JPMorgan Chase & Co’s (JPM.N: Quote, Profile, Research, Stock Buzz) recent trading losses are an isolated incident and the bank is expected to be “solidly profitable” in the second quarter, Jamie Dimon, the bank’s chief executive, will tell the Senate Banking Committee on Wednesday.

Dimon will tell the committee the bank feels terrible about the trading debacle, while emphasizing the losses will only hurt shareholders, not taxpayers, and the bank maintains a “fortress balance sheet,” according to his prepared testimony.

WASHINGTON (Reuters) – The newest members of the U.S. Federal Deposit Insurance Corp raised concerns on Tuesday that forthcoming international bank capital standards, known as Basel III, might not be tough enough.

At an FDIC meeting, board members Thomas Hoenig and Jeremiah Norton questioned the complexity of the new rules and whether the minimum requirements go far enough.

WASHINGTON, June 11 (Reuters) – The Federal Reserve should
allow banks to pay their stars for “exceptional performance” so
long as those employees also get hit in the wallet when their
decisions tank, a group of bank CEOs told Fed Chairman Ben
Bernanke and other governors at a recent meeting.

The CEOs told the Fed there is a growing and unnecessary
tension between pay practices that shareholders want and that
the Fed considers acceptable, according a summary of the May 11
meeting posted on the Fed’s website on Monday.

WASHINGTON/NEW YORK (Reuters) – Jamie Dimon will be playing a new role in Washington this Wednesday, called to explain JPMorgan’s recent trading debacle after years of being known as the Wall Street banker who got it right during the financial crisis.

The Senate Banking Committee is expected to press Dimon on how much more will the estimated $2 billion trading loss grow, and whether the purported failed hedging strategy was really a speculative bet that went largely undetected until it was too late.

WASHINGTON/NEW YORK (Reuters) – Jamie Dimon will be playing a new role in Washington this Wednesday, called to explain JPMorgan’s recent trading debacle after years of being known as the Wall Street banker who got it right during the financial crisis.

The Senate Banking Committee is expected to press Dimon on how much more will the estimated $2 billion trading loss grow, and whether the purported failed hedging strategy was really a speculative bet that went largely undetected until it was too late.

WASHINGTON (Reuters) – The Federal Reserve rejected pleas by the U.S. banking industry in releasing on Thursday a rigorous interpretation of an international agreement on higher capital standards for banks, known as Basel III.

U.S. banks have pushed the Fed, for instance, to allow them to more heavily count mortgage servicing rights and the unrealized gains and losses of certain securities toward their capital requirements than allowed by Basel III, but the U.S. central bank’s draft rule closely follows the international agreement.

WASHINGTON (Reuters) – The Federal Reserve released a proposal to enact an international agreement on higher capital standards for banks, known as Basel III, that largely rejects pleas by the U.S. banking industry to soften parts of the new standards.

U.S. banks have pushed the Fed to allow them to more heavily count mortgage servicing rights and the unrealized gains and losses of certain securities toward their capital requirements than allowed by Basel III, but the U.S. central bank’s draft rule closely follows the international agreement.

WASHINGTON (Reuters) – Bank regulators likely would have had an earlier look at JPMorgan Chase & Co’s unraveling hedging strategy if the Volcker rule had been in place, Federal Reserve Governor Daniel Tarullo said on Wednesday.

Tarullo argued that under a proposal released in October to implement the crackdown on proprietary trading, banks would have to produce documentation detailing a hedge that would be exempted from the Volcker rule.

WASHINGTON, June 5 (Reuters) – U.S. bank regulators will
review whether JPMorgan Chase & Co executives should
have to give back compensation due to the bank’s failed hedging
strategy that has produced at least $2 billion in losses, the
head of the Office of the Comptroller of the Currency said.

OCC chief Thomas Curry said his agency will evaluate the
compensation of the Chief Investment Office responsible for the
trading loss, and will assess JPMorgan’s determination on
clawbacks as part of that evaluation.

WASHINGTON, June 1 (Reuters) – The chief regulator of U.S.
national banks did not pay enough attention to how lenders
process home foreclosures and underestimated the risks it posed
until problems broke into the open in late 2010, the Treasury
Department’s inspector general said in a report released on
Friday.

Banks’ failure in recent years to follow the laws and rules
that govern how a delinquent borrower can be removed from their
home has led to multi-billion-dollar settlements with federal
regulators and states.