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 ‘ Volcker ’
JPMorgan: The bank that kicked the hornets’ nest – MSN Money
JPMorgan: The bank that kicked the hornets' nestMSN MoneyNow, just when the nation's financial institutions had largely adjusted to this brave new regulatory world, JPMorgan Chase's (JPM) $2 billion-and-counting trading loss has put the ...
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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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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loss proves Volcker rule won't workEuromoney MagazineFor this reason, your comment may not be live immediately, or may not be published.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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JPMorgan Loss Hurting GOP’s Hopes For a Weak Volcker Rule – US Banker
MarketWatchJPMorgan Loss Hurting GOP's Hopes For a Weak Volcker RuleUS BankerAside from the sour grapes, some Republicans worry that their efforts to roll back new financial regulations were made moot by JPMorgan's massive trading loss. "T...
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Feds set to review JP Morgan trading loss – New York Post
Business InsiderFeds set to review JP Morgan trading lossNew York PostWASHINGTON -- A US federal council charged with examining systemic financial risks is expected later Tuesday to discuss losses made by JP Morgan Chase of at least $2 billion from cre...
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Revived focus on regulation after JPMorgan loss – BusinessWeek
CBS NewsRevived focus on regulation after JPMorgan lossBusinessWeekBy MARCY GORDON Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss at JPMorgan Chase & Co. News of the...
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Obama pressed to take stand on Volcker Rule – Washington Post
New York PostObama pressed to take stand on Volcker RuleWashington PostNearly two years after President Obama signed a major law to tighten oversight of Wall Street, the trading losses at JPMorgan Chase of $2 billion or more are raising questions about...
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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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JP Morgan Losses To ‘Inform’ Volcker Rule – US Official – NASDAQ
New York PostJP Morgan Losses To 'Inform' Volcker Rule - US OfficialNASDAQBy Jeffrey Sparshott WASHINGTON -(Dow Jones)- US regulators will study JP Morgan Chase & Co.'s (JPM) trading losses to help shape a new rule meant to stop banks f...
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$2 billion JP Morgan loss latest argument for regulation – McClatchy Washington Bureau
World Magazine$2 billion JP Morgan loss latest argument for regulationMcClatchy Washington BureauThat's the message from Jamie Dimon, the swaggering CEO of JP Morgan Chase, the nation's biggest bank. Recently, Dimon announced that JP Morgan had...
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Does JPMorgan’s Derivatives Fiasco Portend The Collapse Of Crude Oil and … – Huffington Post (blog)
Justia VerdictDoes JPMorgan's Derivatives Fiasco Portend The Collapse Of Crude Oil and ...Huffington Post (blog)According to The Wall Street Journal, JPMorgan's losses on what has been reported as big directional bets on credit derivatives, but...
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JPMorgan Chase-ened – TheStreet.com
Corporate CounselJPMorgan Chase-enedTheStreet.comBy Charles Gabriel05/21/12 - 08:22 AM EDT NEW YORK (Real Money) -- JPMorgan Chase's(JPM) multi-billion-dollar trading losses have rearmed Washington's bank-bashers and reform advocates, all while...
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JPMorgan’s (NYSE: JPM) Busted Bet Was No Chance Encounter
This weekend I was strolling by JPMorgan Chase's (NYSE: JPM) Park Avenue office building in Manhattan.
It was 11:40 am, and I was returning from a long walk from my midtown hotel down to Chelsea (it was definitely "a Chelsea morning" in NYC... thank you...
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Elizabeth Warren: ‘That’s the strongest argument for a modern Glass-Steagall’ – The Washington Post
Ezra Klein interviews Elizabeth Warren- who chaired Congressional oversight panel on TARP and who is now running for the Senate in Massachusetts. EK: I agree that complexity is where lobbyists and lawyers work their dark magic. But when I talk to people in the industry about this, they say that simple rules sound great,...
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Dimon and Bank Critics Smell Blood – American Banker
There’s a seminal moment in the 1987 movie “Predator” when Arnold Schwarzenegger’s character, facing a seemingly indestructible alien, finds its blood on a leaf and declares, “If it bleeds, we can kill it.” For Jamie Dimon, JPMorgan Chase & Co.’s announcement that it was taking a $2 billion loss on its trading activities was...
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As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading – NYTimes.com
When JPMorgan Chase revealed its $2 billion loss last week, it looked as though the big Wall Street banks were up to their old tricks, using their government-backed funds to make risky trades in a misguided effort to improve their profits. But even banks that focus mainly on good, old-fashioned lending do their fair...
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Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says
Volcker Rule May Mostly ‘Go Up in Smoke,’ Goldman’s Levitt Says
October 13, 2011, 1:02 PM EDT
By Charles Mead and John Tucker
Oct. 13 (Bloomberg) -- The Volcker rule, which would bar banks from trading for their own accounts, is likely to be p...
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Budget crunch = remove funding for WallSt reform and voting paper trail
link
Regulating (or outlawing) derivatives is absolutely essential to avoid a repeat of what we just went through - or worse. 60 million is pocket change. This is clearly using the budget crunch as an excuse to remove even the paper-thin regulation ...
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Obie headed to Schenectady , will announce Immelt replaces Volcker as chair
Bloomberg link
Excerpts:
Immelt wrote in an op-ed today in the Washington Post that Obama asked him to helm the newly renamed President’s Council on Jobs and Competitiveness. The group will reach out to labor and business leaders to serve “as a c...
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Volcker stepping down, with no comment from White House
WashPost link
Sperling was deputy under Rubin during the Clinton WH.
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Volcker ends term, advisory board may not be continued (seeings as how Obie ignored them anyway)
WashPost link
Sperling was deputy under Rubin during the Clinton WH.
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Are We There Yet?
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Are We There Yet?
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GS Case Begs the Volcker Rules (and Blankfein a lesson in asymmetry)
The core of the SEC’s case is based on the view that one of our employees misled these two professional investors by failing to disclose the role of another market participant in the transaction, namely Paulson & Co., and that the employee thereby orchestrated the creation of materially defective offering materials for which the...
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What Volcker Said
Commercial banks, taken collectively, are certainly systemically important. Their basic role is to provide vital basic services to customers – payment services, a safe depository for liquid funds, credit for individuals and businesses and financial advice.As a general matter, I would exclude from commercial banking institutions, which are potential beneficiaries of official (i.e., taxpayer)...
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Guest commentary: Hedging financial risks — better to be safe than sorry on … – Detroit Free Press
New York TimesGuest commentary: Hedging financial risks -- better to be safe than sorry on ...Detroit Free PressBy John Pottow A hedge is like insurance: You buy it to protect against something bad. You do not -- or should not -- buy it to make money. ...
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