Positive views of Wall Street have slipped, though only modestly, since the advent of Occupy Wall Street and an increased focus on economic inequality. Currently,…
BloombergJPMorgan CIO Swaps Pricing Said to Differ From Investment BankBloombergThe JPMorgan Chase & Co. (JPM) unit responsible for at least $2 billion in losses on credit derivatives was valuing some of its trades at prices that differed from thos…
JPMorgan overhauls $2bn-loss trading unitFinancial TimesBy Tom Braithwaite in New York JPMorgan Chase is spinning out the “special investments group” from its troubled chief investment office as executives clean up the division that caused $2bn tra…
JPMorgan Said to Hire Ex-SEC Enforcement Chief McLucasBloombergJPMorgan Chase & Co. (JPM), the biggest US bank, has hired former US Securities and Exchange Commission enforcement chief William McLucas to help respond to regulatory probes of the fir…
BloombergFacebook Underwriters Said to Support Stock at Near $38 a ShareBloombergFacebook Inc. (FB) underwriters purchased the company's stock to keep it from falling below $38 a share after debuting on the Nasdaq Stock Market, people with knowledg…
SlashGearPinterest Raises $100 Million With $1.5 Billion ValuationWall Street JournalBy PUI-WING TAM Pinterest, the online scrapbooking website that has become a Silicon Valley darling because of its rapid user growth, has raised $100 million in a fina…
The Federal Bureau of Investigation is examining potential wrongdoing surrounding JPMorgan Chase‘s $2 billion trading loss, people briefed on the matter said Tuesday. The investigation,…
WKBW-TVMore Memorial Day travelers expected to hit the roadFox NewsWhile high gas prices may keep people closer to home this year, more Americans will still be hitting the road this Memorial Day weekend than last. AAA projects that 34.8 million America…
Yesterday, both counts expected more downside, which the market provided. The picture has clarified just a little bit, and, as I see it, there are two main options for the short-term resolution.
What’s interesting about this market is that it’s…
Everyone who’s anyone (and some other people too) has a view on what will happen to the value of the euro if Greece makes an…