JPMorgan Chase Fought Rule on Risky Trading JPMorgan Chase fought for the ability for banks to make big bets in their portfolios, including some of the types of trading that led to the $2 billion loss now rocking the bank. Fitch Downgrades JPMorgan to 'A+/F1'; L-T IDR on Watch Negative Fitch Ratings has downgraded JPMorgan Chase & Co.'s Long-term Issuer Default Rating to 'A+' from 'AA-' and its Short-term IDR to 'F1' from 'F1+'. Fitch has placed a JPMorgan Chase: Don't Hit the Panic Button (Update 3) JPMorgan Chase's disclosure of a $2 billion second-quarter trading loss sets up a buying opportunity for long-term investors. In JPMorgan Chase Trading Bet, Its Confidence Yields to Loss A week and a half after dismissing concerns about the risky trades being made by a unit at the bank, top executives in a conference room on the 48th floor of the bank's Park Avenue headquarters realized they had a problem. The New York Times reports. Fitch downgrades JPMorgan Chase & Co. Fitch Ratings and Standard & Poor's Ratings Services each downgraded their assessment of America's biggest bank, JPMorgan Chase & Co., on Friday. Are megabanks too big to manage? JPMorgan Chase's $2 billion hedging blunder is adding fuel to those who think the megabanks are just too big. Calls to toughen regulation follow JPMorgan loss JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk. After JPMorgan loss, a call for stricter oversight JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk. Fitch downgrades JPMorgan Chase The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. JPMorgan Chase loss will be scrutinized, SEC's Mary Schapiro says WASHINGTON -- Regulators are looking into the $2-billion trading loss by JPMorgan Chase & Co., the head of the Securities and Exchange Commission said Friday as lawmakers and analysts said the bank's revelation would increase pressure for tighter financial rules.
Key Words: jpmorgan chase
References:
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http://www.dailynews.com/news/ci_20605320/2b-loss-tarnishes-bank-and-its-ceo?source=rss
http://pixelhat.net/
Saturday, May 12, 2012
Jamie Dimon Needs A Lecture From Goldman CEO Lloyd Blankfein JPMorgan's Big Loss Volcker's Not So Dumb After All JPMorgan Reveals Major Trading Says It 'Could Get Worse' The Rats in Granary Exposed Why Matters That Lost $2 Billion In Six Weeks Mike Mayo Smacks With Downgrade DealBook Chase Bet Its Confidence Yields to How Wall Street Layoffs Will Affect Housing Market Books $5.4 Profit Boosted By Reserve Release Bank Regulations Fresh Support Dimon's 'Meet the Press' Appearance Mired Controversy Pay 1.9M Damages Analyst Blog JPMorgan’s Outsize Trades Drew Interest of Regulators loss a call for stricter oversight Blew Up Discloses Losses Shock Is New Fodder Reformers Calls toughen regulation follow Moore's Law Affects St. $2B tarnishes bank and its
