A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Banks ’
US banking industry posts highest quarterly profit since 2007 – Los Angeles Times
KEPR 19US banking industry posts highest quarterly profit since 2007Los Angeles TimesBy Jim Puzzanghera WASHINGTON -- The US banking industry posted a $35.3-billion profit in the first quarter of the year, its best performance since 2007, the Federal D...
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JPMorgan, the Volcker Rule, and the Extreme Brevity of Financial Memory – Huffington Post
OregonLive.comJPMorgan, the Volcker Rule, and the Extreme Brevity of Financial MemoryHuffington PostExhibit A: The renewed battle over the so-called Volcker Rule in response to JPMorgan Chase's recent trading loss -- which might reach $5 billion. H...
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US Banks See Strong Profits – Wall Street Journal
Plain DealerUS Banks See Strong ProfitsWall Street JournalBy VICTORIA MCGRANE WASHINGTON—US banks reported their highest quarterly profit since mid-2007 in the first period, while overall lending activity decreased for the first time in four quarters...
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Dudley Tells CNBC He Doesn’t See Need for More Easing Now – Bloomberg
CNBC.comDudley Tells CNBC He Doesn't See Need for More Easing NowBloombergWilliam C. Dudley, president of the Federal Reserve Bank of New York, said he doesn't currently see the need for additional action to ease policy. “My view is that, if ...
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JPMorgan’s trading loss proves Volcker rule won’t work – Euromoney Magazine
LifeHealthProJPMorgan's trading loss proves Volcker rule won't workEuromoney MagazineFor this reason, your comment may not be live immediately, or may not be published. by Helen Avery JPMorgan's several-billion-dollar trading loss has certa...
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Facebook shares stabilizing, but probes mount – CBS News
CBS NewsFacebook shares stabilizing, but probes mountCBS NewsIt was marred further this week as investors began accusing the banks that arranged the IPO of sharing important information about Facebook's business prospects with some clients and not ...
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JPMorgan’s investment in lawmakers pays off in dividends of deflected blame – OregonLive.com
U.S. News & World ReportJPMorgan's investment in lawmakers pays off in dividends of deflected blameOregonLive.comAs the panel held the first hearing on the JPMorgan losses, Sen. Richard Shelby of Alabama, the committee's ranking Republican, glo...
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Facebook shares stabilizing, but probes mount – CBS News
Facebook shares stabilizing, but probes mountCBS NewsIt was marred further this week as investors began accusing the banks that arranged the IPO of sharing important information about Facebook's business prospects with some clients and not others. ...
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Facebook fiasco may close tech IPO door – MarketWatch
Facebook fiasco may close tech IPO doorMarketWatch“I think it will freeze the IPO market until there is some stability and some answers as to what went wrong with Facebook,” said Scott Sweet, senior managing partner of the IPO Boutique. “IPOs, as...
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Facebook, banks under fire for IPO; Congress will investigate – News & Observer
Facebook, banks under fire for IPO; Congress will investigateNews & ObserverTwo congressional committees said Wednesday that they would conduct preliminary inquiries into the IPO. And attorneys filed two separate lawsuits alleging that average investor...
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Facebook, banks under fire for IPO; Congress will investigate – TheNewsTribune.com
Facebook, banks under fire for IPO; Congress will investigateTheNewsTribune.comTwo congressional committees said Wednesday that they would conduct preliminary inquiries into the IPO. And attorneys filed two separate lawsuits alleging that average inves...
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Some Big Firms Got Facebook Warning – Wall Street Journal
AsiaOneSome Big Firms Got Facebook WarningWall Street JournalBy GINA CHON, JENNY STRASBURG and ANUPREETA DAS Capital Research & Management wanted to buy into the Facebook Inc. initial public offering. But days before the IPO, an underwriting bank o...
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JPMorgan Loss Shows Need to Measure Risk, Krawcheck Writes in FT – Bloomberg
JPMorgan Loss Shows Need to Measure Risk, Krawcheck Writes in FTBloombergJPMorgan Chase & Co. (JPM)'s $2 billion trading loss shows regulators need to focus on ensuring banks have enough capital relative to their risks, rather than trying to ba...
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NYSE pitches listing to Facebook after IPO mess-source – Reuters
Business InsiderNYSE pitches listing to Facebook after IPO mess-sourceReutersFacebook is mulling the pitch by NYSE Euronext, the source said without elaborating on specifics. Facebook and the banks that took it public, including Morgan Stanley, face qu...
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JPMorgan’s Big Loss: Why Banks Still Haven’t Learned Their Lesson – Knowledge@Wharton
Knowledge@WhartonJPMorgan's Big Loss: Why Banks Still Haven't Learned Their LessonKnowledge@WhartonAren't losses part of the game? Why does one loss matter if it is more than offset by other trades' gains? The problem, says Scott E. Har...
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Facebook IPO Scrutiny Grows as Morgan Stanley Defends Role – AdAge.com
Facebook IPO Scrutiny Grows as Morgan Stanley Defends RoleAdAge.comInvestors and regulators raised new concerns about the $16 billion IPO after Facebook shares fell a second straight day yesterday, extending losses to 18% below the $38 offer price. Mor...
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JP Morgan, Hedges and ‘Asymmetric Accounting’ – Wall Street Journal
JP Morgan, Hedges and 'Asymmetric Accounting'Wall Street JournalOpponents of portfolio hedging claim it is a back door for banks to engage in proprietary trades—although it remains unclear whether JP Morgan's loss-making positions were re...
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Shareholders May Bust Up JPMorgan: KBW – TheStreet.com
Sydney Morning HeraldShareholders May Bust Up JPMorgan: KBWTheStreet.comBy Philip van Doorn 05/23/12 - 08:44 AM EDT NEW YORK (TheStreet) -- KBW analyst David Conrad on Tuesday said that JPMorgan Chase (JPM) could be broken up if stock price multiples r...
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What Washington is eyeing after JP Morgan trade – MarketWatch
MarketWatchWhat Washington is eyeing after JP Morgan tradeMarketWatchBy Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — While talk of breaking up big banks isn't likely to be translated into action in the wake of JP Morgan Chase & Co.&...
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JPMorgan’s Blunder Doesn’t Mean US Should Bust Up Banks – Bloomberg
JPMorgan's Blunder Doesn't Mean US Should Bust Up BanksBloombergJPMorgan (JPM) Chase & Co.'s colossal $3 billion-and-counting trading blunder has breathed new life into long-simmering calls to break up big US banks. We agree they've...
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Probe of JPMorgan losses discussed at Senate hearing – USA TODAY
USA TODAYProbe of JPMorgan losses discussed at Senate hearingUSA TODAYBy Marcy Gordon, AP WASHINGTON – Federal regulators are reviewing what JPMorgan Chase (JPM) told investors about its finances and the risks it took weeks before suffering a multibi...
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JPMorgan Among Banks Sued For $1.8 Billion Over Mortgages – Bloomberg
JPMorgan Among Banks Sued For $1.8 Billion Over MortgagesBloombergJPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) are among the banks that were sued in New York for $1.8 billion over the sale of mortgage-backed securities. The banks ma...
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JPMorgan sued over employee retirement plan losses – Reuters
BloombergJPMorgan sued over employee retirement plan lossesReutersJPMorgan, Dimon accused of misleading employees about risk * Hundreds of millions of dollars said to be lost By Jonathan Stempel May 22 (Reuters) - JPMorgan Chase & Co has been hit w...
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JPMorgan Veered From Hedging Practices at Competing Banks – BusinessWeek
BloombergJPMorgan Veered From Hedging Practices at Competing BanksBusinessWeekJPMorgan Chase & Co. (JPM) (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion lo...
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JPMorgan Veered From Hedging Practices at Competing Banks – Bloomberg
BloombergJPMorgan Veered From Hedging Practices at Competing BanksBloombergJPMorgan Chase & Co. (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion loss and bu...
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For Starters, Reinstate Glass-Steagall – New York Times
Corporate CounselFor Starters, Reinstate Glass-SteagallNew York TimesPreventing blow-ups like the JPMorgan “hedge” that bears no resemblance to any known hedge isn't difficult. What makes preventing it difficult is that banks that exist only by...
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JP Morgan Losses To ‘Inform’ Volcker Rule – US Official – Fox Business
Dividend.com (blog)JP Morgan Losses To 'Inform' Volcker Rule - US OfficialFox BusinessWASHINGTON – US regulators will study JP Morgan Chase & Co.'s (JPM) trading losses to help shape a new rule meant to stop banks from making risky be...
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Why The Facebook IPO Was A Bad Deal For The Public – Forbes
There has been a lot of focus on Facebook and whether or not the public deserved a first-day “pop” on the stock. First of all, the public doesn’t deserve anything. It expects plenty, but that doesn’t mean it deserves squat. That having been said, Zuck and company were more than a little greedy in...
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Spanish Economy Still Struggles – Wall Street Journal
AFPSpanish Economy Still StrugglesWall Street JournalBy JONATHAN HOUSE And JEFFREY T. LEWIS MADRID—Spain's gross domestic product continued to shrink in the second quarter, Finance Minister Luis de Guindos said Monday, yet more bad news for the c...
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