Friday, May 11, 2012

Jpmorgan chase

  • WASHINGTON -- Regulators are looking into the $2-billion trading loss by JPMorgan Chase Co.
  • (Los Angeles Times)
  • NEW YORK/LONDON (Reuters) - JPMorgan Chase Cos shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.
  • (msnbc.com)
  • A $2 billion trading loss is a drop in the bucket for strongly capitalized, profitable banking giant with a $15 billion share buyback program in place.
  • (MSN Money)
  • JPMorgan Chase Co.
  • (Businessweek)
  • Bank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase would lead to tougher regulation of financial institutions.
  • (Newsday)
  • JPMorgan Chase plunged nearly 10 percent on opening Friday after reporting shock $2 billion derivatives losses, pulling down the US markets.
  • (YAHOO!)
  • AFL-CIO President Richard Trumka said JPMorgan Chase Co. (JPM)'s $2 billion trading loss shows that left unchecked, Wall Street will lead the U.S. economy "off a cliff, just like they tried to the last time.
  • (Bloomberg)
  • NEW YORK, May 11 (UPI) -- U.S. stock markets Friday defied a global downturn and a jolting $2 billion loss announced by investment bank JPMorgan Chase.
  • (United Press International)
  • LONDON -- JPMorgan Chase is reportedly facing regulatory scrutiny on both sides of the Atlantic, a day after the firm disclosed an estimated $2 billion of trading losses incurred at its chief investment office.
  • (New York Post)

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