KGMIMr. Dimon goes to WashingtonReutersThe embarrassing loss from a series of trades out of JPMorgan's London office has also raised questions about the oversight of regulators and whether proposed rules curbing proprietary trading will be adequate…
The RepublicMr. Dimon goes to WashingtonChicago TribuneThe embarrassing loss from a series of trades out of JPMorgan's London office has also raised questions about the oversight of regulators and whether proposed rules curbing proprietary trading …
Jeffrey Scharf: JPMorgan shows derivatives a zero-sum gameSanta Cruz SentinelOn May 10, JPMorgan and Co. announced that it would lose $2 billion, and possibly much more, on a derivatives trade gone awry. Ironically, this trade was designed to protect t…
J.P. Morgan trade: OCC berated for missing threatThe Deal Pipelineby William McConnell In Washington | Published June 7, 2012 at 9:11 AM A week before the Senate Banking Committee is set to hear JP Morgan Chase & Co. CEO Jamie Dimon explain how his…
Aljazeera.com'Inadequate' controls led to JPMorgan lossAljazeera.comTop regulator tells senators that risk management at US's biggest bank was not up to job of preventing $2bn loss. A top US bank regulator has told legislators that "in…
JPMorgan hands operations executive more authorityReutersLewis will also report to Matt Zames who was named chief investment officer after the derivatives loss was announced and the then-head of the office resigned. Compton's new roles were discuss…
This Plagued Financial Stock May Tank 30% By 2013Seeking AlphaAfter announcing a $2 billion loss due to a derivatives bet gone awry, JP Morgan (JPM) is now facing an FBI investigation on whether its officers engaged in any criminal activity related to …
Trading Curbs, JPMorgan CIO Price, Nasdaq OMX 'Loop': ComplianceBloombergCompliance Policy After JPMorgan Loss, US Regulator Ponders Tighter Volcker Rule The main US derivatives regulator will discuss whether to tighten exemptions to a proposed…
Wall Street JournalUS Probe of JP Morgan WidensWall Street JournalThe inquiry is tied to so-called derivatives trades by JP Morgan's Chief Investment Office that have resulted in a loss of more than $2 billion. A spokesman for JP Morgan declined to…
Daily MailDodd says JPMorgan loss proof of legislation needReutersJPMorgan disclosed the trading loss early in May, wiping $15 billion from its market value on the day it was announced. The loss was on positions built up after Dodd-Frank took effect. D…