Ironically, the bank suffered huge losses in an internal fund set up to hedge its own capital against potential risks. By Zachary Karabell.
It's not just hedge funds that are profiting by taking the other side of JP Morgan's losing billion dollar trade. Dozens of banks including Goldman Sachs and Bank of America have collectively made between $500 million to $1 billion ... Read Post
Much has been written recently about JP Morgan’s $3B CDS loss and Morgan Stanley’s FacebookIPO debacle. We also have many in Congress and other parts of the government again raising astink about banks “there they go again”. Their an... Read Post
Ever since word got out that hedge fund BlueMountain Capital Management was helping JP Morgan exit its ugly $6 billion trading loss last year everyone has been wondering exactly what the firm does. Well Bloomberg Markets Magazine ha... Read Post