JPMorgan's surprising $2 billion trading loss begs a post-financial-crisis question: Are America's biggest banks simply too big to manage? |||
JPMorgan's surprising $2 billion trading loss begs a post-financial-crisis question: Are America's biggest banks simply too big to manage? Washington policymakers have largely focused on whether banks are “too big to fail” or whether they are so huge and interconnected that their failure would threaten the greater financial system as when Lehman Brothers collapsed in 2008.
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(NEW YORK) — JPMorgan Chase says its surprise trading loss grew to $4.4 billion. The bank’s original estimate was $2 billion. The bank made the announcement Friday as it reported its quarterly earnings. CEO Jamie Dimon says the bank... Read Post
Morgan Stanley's top banking analyst Betsy Graseck just released an excellent report titled The $X Billion Question, which evaluates JPMorgan and the CIO unit that has reportedly lost over $2 billion on some bad trades. Morgan goes ... Read Post
JPMorgan Chase & Co, the biggest US bank, posted $4.4 billion of credit trading losses. ||| JPMorgan Chase & Co, the biggest US bank, posted $4.4 billion of credit trading losses, but said it had cleaned up the group responsible for... Read Post