Posts Tagged ‘morgan-chase’

How Boaz Weinstein and Hedge Funds Outsmarted JPMorgan

Sunday, May 27th, 2012

JPMorgan Chase lost big because of outsize trades, but not before Boaz Weinstein, a hedge fund manager, seized a rich opportunity, winning in a high-risk game of nerves.

Go here to read the rest:
How Boaz Weinstein and Hedge Funds Outsmarted JPMorgan

Regulators’ Role at Chase Scrutinized

Saturday, May 26th, 2012

Fallout from JPMorgan Chase’s bad bets is revealing lapses in the policing of the office that disclosed a multibillion trading loss.

See original here:
Regulators’ Role at Chase Scrutinized

JPMorgan’s soap opera makes clear that Wall Street is detached from reality

Sunday, May 20th, 2012

Jamie Dimon was right about one thing: The embarrassing $3-billion-and-counting trading loss at JPMorgan Chase has played right into the hands of pundits who think Wall Street needs to be put on a shorter leash. Read full article > >

See the original post:
JPMorgan’s soap opera makes clear that Wall Street is detached from reality

DealBook: JPMorgan’s Trading Loss Is Said to Rise at Least 50%

Thursday, May 17th, 2012

Hedge funds and other investors taking advantage of JPMorgan Chase’s distress have fueled faster deterioration in the underlying credit market positions held by the bank.

See the article here:
DealBook: JPMorgan’s Trading Loss Is Said to Rise at Least 50%

DealBook: Red Flags on Bets Said to Go Unheeded by Chase Bosses

Tuesday, May 15th, 2012

In the years leading up to JPMorgan Chase’s $2 billion trading loss, an increased appetite for risky trading had the approval of the upper echelons of the bank, including Jamie Dimon, the chief executive, current and former employees said.

Originally posted here:
DealBook: Red Flags on Bets Said to Go Unheeded by Chase Bosses

JPMorgan faces growing scrutiny

Saturday, May 12th, 2012

US bank JPMorgan Chase faces stiff criticism from politicians after admitting a $2bn loss that led to a nosedive in its share price.

See original here:
JPMorgan faces growing scrutiny

Dow Suffers Worst Week This Year

Saturday, May 12th, 2012

Driven by JPMorgan Chase loss.

View original post here:
Dow Suffers Worst Week This Year

JPMorgan Chase Fought Rule on Risky Trading

Saturday, May 12th, 2012

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.

Read the original:
JPMorgan Chase Fought Rule on Risky Trading

JPMorgan shares plunge on loss

Friday, May 11th, 2012

Shares in JPMorgan Chase, the biggest US bank, dive 9% after it reveals a surprise trading loss of $2bn (£1.2bn) on complex investments.

View post:
JPMorgan shares plunge on loss

Stocks Retreat on JPMorgan Loss

Friday, May 11th, 2012

Stocks fell on Wall Street, led by the financial sector in the wake of huge losses at JPMorgan Chase on trading bets gone wrong.

More:
Stocks Retreat on JPMorgan Loss

DealBook: A Shock From JPMorgan Is New Fodder for Reformers

Friday, May 11th, 2012

JPMorgan Chase’s $2 billion trading loss could aid supporters of tighter industry regulation as they fight a last-ditch battle with the banks over new federal rules.

Continued here:
DealBook: A Shock From JPMorgan Is New Fodder for Reformers

JPMorgan reveals shock $2bn loss

Thursday, May 10th, 2012

JPMorgan Chase, the biggest US bank, reveals a surprise trading loss of $2bn (£1.2bn) on complex investments made by its traders.

View post:
JPMorgan reveals shock $2bn loss

New York Suing 3 Banks Over Mortgage Database

Friday, February 3rd, 2012

The state attorney general asserted that fraudulent use of the tracking system allowed Bank of America, Wells Fargo and JPMorgan Chase to avoid the need for recording mortgage transfers.

Read more here:
New York Suing 3 Banks Over Mortgage Database

Major Banks Face New Foreclosure Suit

Thursday, December 1st, 2011

Massachusetts is suing five major banks, including Bank of America and JPMorgan Chase, over deceptive foreclosure practices.

Go here to read the rest:
Major Banks Face New Foreclosure Suit

JP Morgan sees profits increase

Wednesday, April 13th, 2011

Wall Street giant JP Morgan Chase sees a rise in first-quarter profits, helped by an improvement in its credit card business.

More here:
JP Morgan sees profits increase