CFTC probing JPMorgan Chase trading loss
Financial regulator says it is investigating a trading blunder that cost the Wall Street bank more than $2 billion
cftc
chase
jpmorgan
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Found more than 1 month ago on channel
CBS
Wall Street ratcheting down jobs expectations: JPMorgan economist
NEW YORK - Wall Street has lowered expectations for the pace of employment growth following higher than forecast jobless claims last week, but the latest jobs data due Friday won't tell investors much about the economy's momentum, JPMorgan Chase senior economist James Glassman said on Thursday.
chase
economists
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expectations
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jpmorgan
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york
Found 1 month ago on channel
Reuters
Too Big To Fail: 3 Lessons of the “London Whale” Debacle
Of the many scandals that have plagued Wall Street of late, the “London Whale” trades, which cost banking giant JPMorgan Chase more than $6 billion, has captured the attention of the financial media more than any other. The biggest reason for journalists’ obsession with this story is that it tarnished the reputation of JPMorgan CEO Jamie Dimon, who is widely thought to be one of the most competent bank CEOs in the business, and one of the few who ably steered his bank through the subprime-mortgage crisis. And as far as the media is concerned, the bigger they come, the more people like to watch ’em fall. But there is more to this story than the comeuppance of the biggest banker on the Street today. The London Whale debacle, and the subsequent Senate investigation, gives us a window into the culture and operations of the biggest bank in America as it adjusts to a postcrisis world in which Dodd-Frank is the law of the land. And the picture painted isn’t exactly comforting. The ...
america
attention
billion
business
ceo
ceos
chase
cio
comeuppance
competence
dimon
dodd-frank
insolvency
institutions
investigation
investment
jamie
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U.S. regulator downgrades JPMorgan management rating : WSJ
A key U.S. bank regulator has called for improvement in the management of JPMorgan Chase & Co on concerns linked to the multi-billion dollar "London Whale" trading loss last year, the Wall Street Journal reported, citing knowledgeable sources.
chase
improvement
journal
jpmorgan
london whale
management
street
wall
wsj
Found 1 month ago on channel
Reuters
What Have We Learned? 3 Lessons from the London Whale Trading Debacle
Of the many scandals that have plagued Wall Street of late, the “London Whale” trades, which cost banking giant JPMorgan Chase more than $6 billion, has captured the attention of the financial media more than any other. The biggest reason for journalists’ obsession with this story is that it tarnished the reputation of JPMorgan CEO Jamie Dimon, who is widely thought to be one of the most competent bank CEOs in the business, and one of the few who ably steered his bank through the subprime mortgage crisis. And as far as the media is concerned, the bigger they come, the more people like to watch ‘em fall. But there is more to this story than the comeuppance of the biggest banker on the Street today. The London Whale debacle, and the subsequent Senate investigation, gives us a window into the culture and operations of the biggest bank in America as it adjusts to a post-crisis world in which Dodd-Frank is the law of the land. And the picture painted isn’t exactly comforting. The ...
america
attention
billion
business
ceo
ceos
chase
cio
comeuppance
competence
dimon
dodd-frank
insolvency
institutions
investigation
investment
jamie
journalists
jpmorgan
london whale
luckily
obsession
office
operations
reputation
senate
situation
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wall
Fed tells JPMorgan, Goldman to improve capital plans
In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends.
chase
fed
federal reserve
goldman sachs
jpmorgan
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Found more than 1 month ago on channel
Reuters