JPMorgan Tightens Bond Grip as Whale Loss WeighsBloombergJPMorgan Chase & Co. is tightening its grip on the global corporate bond market while Bank of America Corp. sees its market share decline with issuance on pace to exceed $3 trillion for a fou…
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JP Morgan Latest News
Bank Breakups Make Sense to Investors as Boards Defy Market – San Francisco Chronicle
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ForbesBank Breakups Make Sense to Investors as Boards Defy MarketSan Francisco ChronicleWhen JPMorgan last month disclosed a $2 billion trading loss, it reignited concerns that a bank with $2.3 trillion of assets has too much risk for managers and …B…
JP Morgan Latest News
Breaking Up Bank Conglomerates Hard to Do as Market Forces Fail – San Francisco Chronicle
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Breaking Up Bank Conglomerates Hard to Do as Market Forces FailSan Francisco ChronicleWhen JPMorgan last month disclosed a $2 billion trading loss, it reignited concerns that a bank with $2.3 trillion of assets has too much risk for managers and …and…
JP Morgan Latest News
Breaking Up Big Banks Hard to Do as Market Forces Fail – Bloomberg
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Breaking Up Big Banks Hard to Do as Market Forces FailBloombergWhen JPMorgan last month disclosed a $2 billion trading loss, it reignited concerns that a bank with $2.3 trillion of assets has too much risk for managers and …and more »
Latest Business Headlines
U.S. Banks Aren’t Nearly Ready for Coming European Crisis – Bloomberg
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What are the odds that JPMorgan would lose no more than $50 billion on assets of $4 trillion, much of which is complex derivatives, in a euro-area breakup, an event that would easily be the biggest financial crisis in world history? …The Federal Reserve should apply the same approach to big U.S. banks [as some…
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Putin- Champion of Free Market Competition
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“State capitalism is not our goal,” Vladimir Putin said in his first big speech on the economy since his return to the Kremlin, managing to leave investors at Russia’s premier business forum little wiser as to how serious he is about selling state assets. Privatisation has come to the fore as Russia’s most divisive policy…
JP Morgan Latest News
Dimon faces tougher questions on $2B trading loss – Plain Dealer
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Dimon faces tougher questions on $2B trading lossPlain DealerSean Duffy, R-Wis., asked Dimon how high the losses could mount. "Is it fair to say that JPMorgan could have losses of half a trillion, or a trillion dollars?
Housing News, Latest Business Headlines
Americans Sees Biggest Home Equity Jump in 60 Years: Mortgages – Bloomberg
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Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The 7.3 percent gain was the biggest jump in more than 60 years, according to an analysis by Bloomberg…
European Crisis
Spanish Yields at 7% Show Investors Slamming Door: Euro Credit – Bloomberg
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Investors who oversee more than $3.2 trillion expect Spain to become the fourth euro member to need external funding as borrowing costs surge to levels too punitive for the nation to finance its needs on the capital markets. Spanish debt has slumped, pushing the 10-year yield today to a euro-era record of 7.14 percent, as…
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D.C. Decoder 101: How Washington spends your money
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D.C. Decoder 101: How Washington spends your money (via The Christian Science Monitor) The federal government is the biggest spender in the US, and maybe the world. How big? So big that in 2011 Washington laid out a cool $3.6 trillion. (Not million, not billion, but trillion, with a “T”.) So big that its budget…
