Tag Archive for Derivatives

Analysis: JPMorgan dips into cookie jar to offset London Whale losses | Reuters

JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank’s now-infamous “London Whale,” compounding the cost of those trades…. The sales of profitable securities from elsewhere in the bank’s investment portfolio will increase its costs by triggering…

DERIVATIVES: Fed data expose US$100bn JP Morgan blunder | Capital City | IFRe

Official data from the US Federal Reserve have laid bare the eye-watering size of trading positions built up by JP Morgan’s chief investment office in synthetic credit indices, raising further questions about risk management standards at the bank. According to the figures, JP Morgan’s position in investment-grade credit default swaps jumped eightfold from a net…