JPMorgan Chase (JPM) went viral on Twitter Wednesday ... and not in a good way.
The bank, which has already had its share of bad press recently, announced plans to have one of its senior executives, Jimmy Lee, "take over" the @JPMorgan handle Thursday afternoon to answer questions from the social media masses.
Just a friendly chat. What could possibly go wrong?
It turns out many people on Twitter still have hard feelings about the whole financial crisis and Great Recession thing, and they wanted to #AskJPM about it.
After about seven hours, it became clear that JPMorgan had lost control and the bank pulled the plug on the social media event.
Tomorrow's Q&A is cancelled. Bad Idea. Back to the drawing board.—
J.P. Morgan (@jpmorgan) November 14, 2013
So how bad was it? Well, CEO Jamie Dimon was accused of cannibalism.
If you think that's bad, Dimon was also compared to the character from Mel Brook's 1987 classic "Spaceballs," who uttered the immortal words: "She's gone from suck to blow!"
Some of the best zingers came from Amy Hunter, a self-described political strategist.
Then things got really weird.
Wonder what the CEO of Goldman Sachs (GS) thinks about this?
What about the person in charge of JPMorgan's social media strategy?
There were a few questions about the many lawsuits against JPMorgan ...
I have Mortgage Fraud, Market Manipulation, Credit Card Abuse, Libor Rigging and Predatory Lending
... some speculation about the bank's alleged early access to market moving reports ...
... and the obligatory taking candy from a baby joke.
Maybe JPMorgan can try its next social media experiment on Snapchat? We hear it's popular because messages get erased in a few minutes.
Goldman's profits doubled. JPMorgan (JPM) and Citigroup (C) topped expectations. Next up, Bank of America.
The big banks have reported strong earnings this week, and traders on StockTwits are betting the trend will continue with Bank of America (BAC), which releases second-quarter results Wednesday.
$GS great numbers from banks. Now all eyes will turn to $BAC
Following a blockbuster report from Goldman Sachs (GS), shares Bank of America briefly rose above MOREBen Rooney - Jul 16, 2013 2:10 PM ET
It's that time of year again. Most of the nation's big banks have disclosed how much chief executives earned in 2012. While some had their compensation cut, others received hefty raises.
One caveat: Wells Fargo (WFC) CEO John Stumpf, who received $17.6 million in total compensation in 2011, is not on the list. Wells has not yet disclosed Stumpf's 2012 compensation.
Lloyd Blankfein: $21 million
The CEO of Goldman MOREBen Rooney - Feb 25, 2013 5:26 AM ET
Massachusetts regulators on Friday fined a Citigroup unit $2 million for failing to prevent analysts from illegally leaking confidential information about Facebook's initial public offering.
Citigroup (C) was one of several banks that competed to underwrite Facebook's (FB) IPO, along with lead underwriter Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC) and others.
Under U.S. securities law, IPO underwriters are not allowed to publish research on a company until MOREBen Rooney - Oct 26, 2012 11:11 AM ET
Banks have had their share of bad publicity recently, but investors continue to give them the benefit of the doubt.
Standard Chartered (SCBFF) is a prime example.
The British bank's stock has recouped nearly all of the losses sustained earlier this month, when the bank was accused of laundering money for Iran.
U.S.-listed shares plunged to a low of $18.65 on Aug. 7, one day after banking regulators in New York threatened to MOREBen Rooney - Aug 24, 2012 7:04 AM ET
Even billionaire George Soros caught Facebook (FB) fever this spring.
The hedge fund manager purchased 341,000 shares of the social media company during the second quarter, according to SEC filings.
Hedge fund managers aren't forced to specify when during a quarter they purchased stakes in various firms. Still, it's safe to say that the investor who infamously made $1 billion shorting the British pound is under water on his Facebook bet.
Related: Warren MOREMaureen Farrell - Aug 14, 2012 7:13 PM ET
U.S. Treasury Secretary Tim Geithner said Wednesday that European Union leaders have the political will to keep the euro currency union from breaking apart.
"They've decided that it's in their interest to hold this together," Geithner said at the Council on Foreign Relations in Washington. "They tell us privately that they will do whatever is necessary to hold it together."
Geithner backed the steps EU leaders have outlined to form a banking MOREBen Rooney - Jun 13, 2012 5:43 PM ET
A month after revealing a multi-billion trading loss, JPMorgan Chase CEO Jamie Dimon took the hot seat on Capitol Hill. Dimon, who was once dubbed President Obama's favorite banker, was grilled by both Democrats and Republicans on the Senate Banking Committee.
During the two-hour hearing, Dimon said that he cannot defend the trades that led to the bank's massive multi-billion loss.
"The way it was contrived between January to March, MOREHibah Yousuf - Jun 13, 2012 12:15 PM ET
A battle is brewing over how the swaps or derivatives market is regulated.
As part of the Dodd-Frank Wall Street reform law, the Commodity Futures Trading Commission agency was tasked with the job of monitoring the $700 trillion derivatives market. Derivatives are the instruments behind JPMorgan's (JPM) recent loss of at least $2 billion and the trades that helped blow up AIG (AIG), Lehman Brothers and Bear Stearns.
But CFTC chairman Gary MOREMaureen Farrell - Jun 7, 2012 5:11 PM ET
Jamie Dimon has no business being on the board of directors at the New York Federal Reserve Bank, according to Simon Johnson and thousands of others.
Johnson, an influential professor at MIT and a former IMF chief economist, says the chief executive of JPMorgan (JPM) should step down immediately or be forced to resign his post at the New York Fed.
To get his point across, Johnson has formed a petition calling on MOREBen Rooney - May 24, 2012 12:34 PM ET
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