Quietly, today is turning out to be a biggie.
The Dow is up about 150 points.
Helping things, perhaps? JPMorgan is up 3.6% after reporting earnings and clearing the air (kind of) on the London Whale trade.
Citigroup is also up over 3%.
The S&P 500 is up just over 1%.
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There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. ||| New York - There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billio... Read Post
JPMorgan Chase CEO Jamie Dimon took a huge pay cut following the "London Whale" trade. His 2012 compensation is $11.5 million, which is half of what he took home for 2011. In an SEC filing the went along with today's earnings report... Read Post
This sounds serious... JPMorgan found that credit trader Bruno Iksil (a.k.a the "London Whale") was encouraged by his boss to increase the values on some trades above where they would have sold in the market, the Wall Street Journal... Read Post