Wednesday, May 16, 2012

JPMorgan Chase Trading Loss

  • A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter regulation. Rep.
  • (The Christian Science Monitor)
  • The fallout from a massive investment loss at JPMorgan Chase continued to spread Wednesday Chief executive officer Jamie Dimon called the trading errors egregious and the losses self-inflicted.
  • (The Christian Science Monitor)
  • The $2 billion trading loss at JPMorgan Chase has led to worries about the bank's risk management, the danger of high-stakes trading by Wall Street and the shape of future financial regulation.
  • (New York Times)
  • The $2 billion trading loss at JPMorgan Chase has claimed another victim. Bruno Iksil, the so-called London Whale at the center of the trading debacle, is expected to leave the bank, according to current and former colleagues.
  • (New York Times)
  • NEW YORK (Reuters) - JPMorgan Chase Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.
  • (Yahoo Finance)
  • NEW YORK (Reuters) - Within hours of JPMorgan Chase Cos revelation of its multibillion-dollar trading loss from a failed hedging strategy, financial adviser Nicholas Olesen was fielding calls and emails from concerned clients.
  • (msnbc.com)
  • WASHINGTON (AP) — FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase Co. following a $2 billion trading loss at the bank.
  • (Memphis Commercial Appeal)
  • FBI Director Robert Muller said the bureau has opened a preliminary investigation into a major JPMorgan Chase trading loss.
  • (CNN (blog))
  • JPMorgan Chases (NYS: JPM) recent $2 billion trading loss has sparked the usual chorus of criticism for the big banks and a call for greater regulation.
  • (Daily Finance)

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