Saturday, May 12, 2012

Jpmorgan chase trading loss

  • WASHINGTON -- JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
  • (Huffington Post)
  • When reports emerged in the first week of April that a JPMorgan Chase trader in London was making bets so big they were distorting a little-known market in credit derivatives, an embedded regulator approached executives.
  • (New York Times)
  • May 12 (Bloomberg) -- JPMorgan Chase Co.'s trading position that led to a $2 billion loss may call for increased Federal Reserve scrutiny of risk management as the central bank steps up its post-crisis supervision of lenders.
  • (The Business Insider)
  • WASHINGTON — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
  • (Nashville Tennessean)
  • a team of JPMorgan Chase lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios, including some of the types of trading that led to the $2 billion loss now rocking the bank.
  • (CNBC)
  • JPMorgan Chase Co. (JPM)'s trading position that led to a $2 billion loss may call for increased Federal Reserve scrutiny of risk management as the central bank steps up its post-crisis supervision of lenders.
  • (Bloomberg)
  • WASHINGTON - A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
  • (Philadelphia Daily News)
  • JPMorgan Chase Co. (JPM)'s $2 billion trading loss has intensified the call for tighter regulation in Washington, with presidential campaign officials weighing in alongside lawmakers in response to the bank's disclosure.
  • (Bloomberg)
  • Barely four years after Wall Streets wrong-way bets plunged the world into a financial crisis, JPMorgan Chase Co. admitted it lost $2 billion from a trading portfolio that was supposed to have helped the bank manage credit risk.
  • (Los Angeles Times)
  • WASHINGTON, May 12 (UPI) -- A $2 billion loss at a U.S. bank validates the need for tougher banking regulations, Democrats on Capitol Hill said. JPMorgan Chase announced this generally called proprietary trading.
  • (United Press International)

No comments:

Post a Comment