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By John Detrixhe and Betty Liu, Bloomberg |
October 25, 2012
Pacific Investment Management Co.’s Bill Gross said structural headwinds will dominate the economic debate no matter who wins the U.S. presidential election.
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By Liz Capo McCormick and Daniel Kruger, Bloomberg |
October 1, 2012
Bill Gross, who runs the world’s biggest bond fund, says the Federal Reserve’s open-ended plan to flood the economy with $40 billion a month will ignite inflation. The options market is signaling that won’t happen anytime soon.
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By Dawn Kopecki, Bloomberg |
August 21, 2012
Wall Street, the global financial community reeling from public outrage, is proving incapable of finding a champion to replace Jamie Dimon.
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By Caroline Salas Gage |
August 9, 2012
It was ultimately up to the British to deal with the manipulation of Libor, as only three of the 18 banks that set the London interbank offered rate are based in the U.S.
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By Dawn Kopecki, Phil Mattingly and Clea Benson, Bloomberg |
June 13, 2012
U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses.
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By Cheyenne Hopkins and Caroline Salas Gage, Bloomberg |
June 4, 2012
When is a hedge not a hedge? That’s the question regulators are confronting after JPMorgan Chase & Co. reported a $2 billion trading loss from a position Dimon called a “hedge.”
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By Silla Brush, Bloomberg |
May 31, 2012
The U.S. Commodity Futures Trading Commission is seeking input on whether to narrow exemptions in a proposed proprietary-trading ban after JPMorgan Chase & Co. announced at least $2 billion in losses on credit derivatives.
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By Robyn Meredith and Shamim Adam, Bloomberg |
May 31, 2012
Former Federal Reserve Chairman Paul Volcker, the namesake of U.S. rules designed to rein in banks’ proprietary trading, proposed another regulatory overhaul: This time, regarding supervision of global capital flows.
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By Phil Mattingly and Bradley Keoun, Bloomberg |
May 11, 2012
U.S. lawmakers and interest groups favoring tighter restrictions on proprietary trading said JPMorgan Chase & Co.’s $2 billion loss on synthetic credit securities bolsters their case.
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By Phil Mattingly, Bloomberg |
May 9, 2012
Former Federal Reserve Chairman Paul Volcker, speaking in support of the Dodd-Frank Act rule that bears his name, said it is impossible for banks to handle the potential customer conflicts presented by trading activities.
