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By Cheyenne Hopkins and Caroline Salas Gage, Bloomberg |
July 13, 2012
Timothy F. Geithner sent Bank of England Governor Mervyn King recommendations in 2008 to revamp the London interbank offered rate
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By Phil Mattingly, Bloomberg |
July 3, 2012
In the U.K., a record fine for Barclays Plc has triggered outrage from lawmakers and forced resignations from the bank’s top executives. In the U.S., Wall Street’s defenders in Congress are sticking by the industry
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By Shannon D. Harrington and Mary Childs |
June 26, 2012
Saba Capital Management LP, which bet that Bruno Iksil's large trades distorted credit-derivatives indexes, is exiting its positions as the bank unwinds.
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By Stanley Haar |
June 21, 2012
The Golden Rule of government, “Whoever has the gold makes the rules,” was on full display in Washington over the past week as JP Morgan’s Jamie Dimon appeared at hearings
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By Cheyenne Hopkins, Bloomberg |
June 20, 2012
Federal Reserve Chairman Ben S. Bernanke said the Volcker Rule may have influenced the outcome of JPMorgan Chase & Co.’s $2 billion trading loss.
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By Daniel P. Collins |
June 19, 2012
JP Morgan Chairman and CEO Jamie Dimon faced a little more hostility at Tuesday’s hearings of the House Financial Services committee than last week’s hearings
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By Dawn Kopecki, Phil Mattingly and Steven Sloan, Bloomberg |
June 19, 2012
U.S. House members criticized regulators today for failing to detect JPMorgan Chase & Co.’s loss of at least $2 billion on risky derivatives trades and pressed for additional measures to ensure similar losses don’t occur in other banks.
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By Matt Taibbi, Rolling Stone |
June 19, 2012
If not for Oregon’s Jeff Merkley, who was the only senator who understood the importance of taking the right tone with Dimon, the hearing would have been a total fiasco.
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By Daniel P. Collins |
June 15, 2012
We have pointed out on several occasions how the original sin in the MF Global debacle is how the firm was allowed to be split
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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.
