This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
Thomson Reuters News & InsightJPMorgan class action may hinge on when alleged fraud beganThomson Reuters News & InsightThe last time I wrote about the securities fraud class action claims against JPMorgan Chase for the losses it suffered in risky credi…
(Reuters) – JPMorgan Chase & Co’s disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the…
JP Morgan As The New Fannie MaeForbesJP Morgan's recent $2 billion loss on a wild product it created — an index of European credit default swaps (CDS)– might as well be tax payer money.
The recent sight of the mighty JPMorgan Chase, wallowing in a credit default swap position from which it cannot exit, raises many questions. One of…
ValueWalkJPMorgan Losses Likely Increase as CDS NA.IG.9 Jumps this WeekValueWalkBy Paul Shea JPMorgan Chase & Co. (NYSE:JPM) have been taking a huge hit from trading in a little known index based on Credit Default Swaps movements. The loss was anno…
Swaps Index Linked to JPMorgan Loss Surges Versus Current GaugeBloombergThe vintage credit-default swaps index said to have contributed to JPMorgan Chase & Co.'s $2 billion trading loss is surging relative to the current index. The 10-year Mark…
Daily MailDimon $2B Blunder Shows Capital Safer BetBusinessWeekThose bets, which led to $2 billion of losses, wouldn't have been necessary if JPMorgan did what banks once did: rely on bigger capital buffers rather than credit-default swaps to hedge…
Dimon $2 Billion Blunder Shows Capital Safer Than SwapsBusinessWeekThose bets, which led to $2 billion of losses, wouldn't have been necessary if JPMorgan did what banks once did: rely on bigger capital buffers rather than credit-default swaps to h…