Risk.netOCC faces VAR vetting questions over JP Morgan lossRisk.netThe post-mortem into the $2 billion loss at JP Morgan's chief investment office (CIO) is expanding to draw in the bank's regulators – and questions about whether and when they…
Tag Archive for Risk Model
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JPMorgan to be haunted by change in risk model – Economic Times
by Newswires • • 0 Comments
Moneycontrol.comJPMorgan to be haunted by change in risk modelEconomic TimesJPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the …
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Shareholders sue Dimon and JPM Board over trading loss | Reuters
by Newswires • • 0 Comments
(Reuters) – JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion. “What the Company did not reveal was that those losses were the result of a marked shift in the…
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Margin Call – treatise on how to screw your partners
by Bears Chat at The Wall Street Examiner • • 0 Comments
It was the risk model, an inherent flaw discovered after the fact but in time enough to pass the bag onto others. This is the big one’ says one chieftan, ‘just the start, most of us won’t make it past next week. This will destroy the firm. But what oth…
