EON Will Lose Millions After Trader's 'Irregularities'BloombergEON's losses follow money-losing bets in financial markets in the past year which hurt banks including JPMorgan Chase & Co. and UBS AG. The utility's trading and opt…
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Bank of America Withheld Loss Figures Ahead of Merrill Vote – NYTimes.com
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Days before Bank of America shareholders approved the bank’s $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advised that losses at the investment firm would most likely hammer the combined companies’ earnings in the years to come. But shareholders were not told about the looming losses… leaving them instead to…
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Facebook Fiasco Damages US Markets – Huffington Post
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Facebook Fiasco Damages US MarketsHuffington PostThe Facebook IPO was a mess in many ways; we may know more when the inevitable investigations are completed. But there is no question that, just before the stock offering, the analysts for the firms resp…
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Facebook IPO: Once Again, Wall Street Wins And Muppets Lose – Seeking Alpha
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CNBC.comFacebook IPO: Once Again, Wall Street Wins And Muppets LoseSeeking AlphaAt that time, the two deals valued Facebook at about $50 billion, with a 100+ price-to-earnings (PE) ratio. Fast forward to 2012, Facebook actually went IPO on May 18 with …
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Facebook is finally a buy at … – The Buzz – CNNMoney
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CNNMoneyFacebook is finally a buy at … – The BuzzCNNMoneyIt's likely to get worse for Facebook (FB) before it gets better. It's easier to make that case now, since we are starting to get a slow trickle of earnings and revenue forecasts for Fa…
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JPMorgan Selling Off Tens of Billions in Securities to Cover Fail Whale Loss – Firedoglake
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New York TimesJPMorgan Selling Off Tens of Billions in Securities to Cover Fail Whale LossFiredoglakeReuters looks at the furious sell-offs JPMorgan Chase has engaged in over the last month: JPMorgan Chase & Co has sold an estimated $25 billion of …
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JPMorgan raids savings to make up for London losses – Vancouver Sun
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JPMorgan raids savings to make up for London lossesVancouver SunJPMorgan 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 "…
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Analysis: JPMorgan dips into cookie jar to offset London Whale losses | Reuters
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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…
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JP Morgan Sells Securities to Make Up For Losses – NASDAQ
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JP Morgan Sells Securities to Make Up For LossesNASDAQAs the new, short week kicks off, it was revealed on Tuesday that JP Morgan Chase has sold off approximately $25 billion of securities in an effort to boost the earnings numbers after seeing terrify…
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JPMorgan dips into cookie jar to offset ‘London Whale’ loss – Chicago Tribune
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The Fiscal TimesJPMorgan dips into cookie jar to offset 'London Whale' lossChicago TribuneJPMorgan Chase & Co. has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied t…
