'It's your turn now.'Ink on watercolour paper, 202 x 100mm. Scarcely had I mentioned how well Sophie the Stegosaurus complemented the presence of the beloved Diplodocus at their respective entrances to London's Natural History Museum...Show More Summary
When we recently described in detail the reason, or rather 70.3 trillion reasons, why Citigroup scrambled to make sure the swap push-out provision language remained in the Cronybus government funding bill, we made it clear that thatShow More Summary
If the bonds went south, JPMorgan would collect on the insurance. But if they didn’t, the bank would keep making premium payments.
NASA, ESA, and the Hubble Heritage Team (STScI/AURA) "There is so much we don't know!" said Dick Vane-Wright, the Keeper of Entomology at the London Museum of Natural History when author Sharman Apt Russell was asking about butterflies. Show More Summary
Six years after the financial crisis, little has been done to squash the caricature of the dishonest banker. Given the London Whale debacle, the LIBOR fixing scandal, the massive currency-rigging scheme and other rogue traders, it's hard not to think something is still very rotten in the state of banking. Show More Summary
LONDON — Essex authorities are steering to safety a pod of 40 whales that had moved into shallow water off the coast The pod, which includes some young whales, got into trouble earlier this week during ebb tide, the time between high...Show More Summary
``Now, coming on the heels of the recent exposure of the Carmen Segarra tapes showing how the New York Fed tiptoes around its Wall Street charges, the Inspector General's revelation that three recommended examinations of JPMorgan's high...Show More Summary
Apologies about the break from posts for the past week plus. I just moved apartments, and that kept me from blogging. (Though around the same time I was moving we had some troubles with our sister blog, Triple Crisis, which … Continue reading ? The post Tuesday Links: London Whale, S.A.C. Capital, Jeff Madrick appeared first on Dollars & Sense Blog.
Jamie Dimon is currently both Chairman and CEO of JPMorgan Chase without a succession plan. You may also recall that prior to the London Whale debacle; JPMorgan Chase had no treasurer for several months. Lymph Nodes Involved In a letter to colleagues and shareholders excerpted below, Dimon announced: I have just been diagnosed with throat cancer. Show More Summary
The charity loses millions in rogue currency swap, just like the big boys.
Add JPMorgan & Chase Co. to the list of banks being sued by the City of Los Angeles, and add one more headache for the banking giant, which has been plagued with legal troubles, most of which emerged from the London Whale trading scandal. This lawsuit, like a handful of......
The Republic of Panama?s proposal to implement four Traffic Separation Schemes for commercial vessels entering and exiting the Panama Canal and ports was approved unanimously by the International Maritime Organization in London, May 23. Show More Summary
The Republic of Panama's proposal to implement four Traffic Separation Schemes for commercial vessels entering and exiting the Panama Canal and ports was approved unanimously by the International Maritime Organization in London, May 23. Show More Summary
By Robert F. Abbott: JPMorgan Chase & Co. (JPM) came through the financial crisis of 2008 relatively unscathed; since then, though, it's been tarred several times: by connections with Bernie Madoff, the London Whale episode, and more. Show More Summary
First it was JP Morgan's $6 billion 'London Whale' trading loss, then it was The Federal Reserve slapping Citi for inadequate structural controls. As of Monday morning, you can also add Bank of America's math mistake to that list ofShow More Summary
A mystical, bewildering adventure into the beautiful unknown. Those who have tapped their way through the psychedelic 2011 mobile game Whale Trail might have already tarnished its developer, London design agency Ustwo, with all the odious associations of professional hipsters. Click here to read the full article
By Wall Street Playbook: Warren Buffett once said, "It takes 20 years to build a reputation and 5 seconds to ruin it." Today, one can't discuss the prospects of JPMorgan (JPM) without mentioning the embarrassing London Whale trade, which costs the bank $6 billion dollars. Show More Summary
``He and another one-time trader at the bank, Javier Martin-Artajo, are considered fugitives by the U.S. government for not coming to the United States to face trial over charges stemming from the so-called London Whale scandal. But at a hearing in federal court in New York, Marc Weinstein, a lawyer for Grout, told U.S. Show More Summary
A London park authority has stopped plans to put a giant inflatable whale bedside the Thames because it would be "too religious". The Bible Society had hoped to place the mock 50ft sperm whale in a park opposite Tower Bridge to illustrate the story of Jonah. Show More Summary
When fiascos like the Libor scandal, London Whale scandal, and analysts’ conflict of interest occur, investor confidence can be at an all-time low. Many investors wonder whether or not investing in stocks is worth all the hassle. At the same time, however, it’s important to keep a realistic view of the stock market. Regardless of [...]