tibidy-business.com

Cross-read the freshest news on business and global market places.

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 street wall

Found more than 1 month ago on channel CBS

More articles tagged with cftcoxoxox chaseoxoxox jpmorganoxoxox streetoxoxox walloxoxox

oxo Remove a tag from the tag selection   xox Keep a tag in the selection and remove others

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 employment expectations glassman james jpmorgan street wall 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 journalists jpmorgan london whale luckily obsession office operations reputation senate situation street wall

Found 1 month ago on channel TIME Moneyland

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 street wall

Found 1 month ago on channel TIME Business

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 street wall

Found more than 1 month ago on channel Reuters