Jpmorgan

Too Complex To Regulate: JPMorgan's Losses Highlight Need For Simplicity

Peter S. Goodman | Posted 05.28.2012

Read More: Jpmorgan, JPMorgan Chase, Banking Regulation, Volcker Rule, Banking Crisis, Banking Reform, Sheila Bair, Jamie Dimon, Business News
Peter S. Goodman

You can parse the stories about how the bank's risk-management people loaded up on risk, or digest the accounts of how JPMorgan's financial wizards engineered mind-bendingly complex means of limiting their vulnerability to troubles in Europe. But the simplest answer is the most pertinent: It's extraordinarily complicated.

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Regulator Seeks Advice On Watering Down Volcker Rule

Reuters | Posted 05.25.2012

Read More: Video, Cftc Volcker Rule, Dodd-Frank, Wall Street, Federal Deposit Insurance Corporation, Jpmorgan, Commodity Futures Trading Commission, Reuters, Volcker Rule, Cftc, Volcker Rule Cftc, Business News

* US CFTC to examine hedging, market-making exemptions * Rule received new scrutiny since JPMorgan trading loss * Sheila...

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Jason Linkins

GOP Senator Mocks Regulators He Sandbagged For JPMorgan Losses

HuffingtonPost.com | Jason Linkins | Posted 05.24.2012

Read More: Eat the Press, JP Morgan Chase, JPMorgan Chase, JP Morgan Loss, Dodd-Frank, Jpmorgan, Hypocrisy, Richard Shelby, Financial Regulation, Politics News

Sen. Richard Shelby (R-Ala.) is shocked -- SHOCKED! -- that gambling is going on at JPMorgan, and that this gambling led to a multibillion-dollar loss...

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If We Can't Understand Them, We Should Just Break Them Up

Rep. Brad Miller | Posted 05.24.2012

Read More: Financial Crisis, Banks, Financial Regulation, Financial Reform, Jpmorgan, Banking Regulation, JPMorgan Chase, Banking Reform, Too Big to Fail, Jamie Dimon, Politics News
Rep. Brad Miller

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

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Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 05.22.2012

Read More: Jpmorgan Regulation, JPMorgan Chase, Video, Wall Street, Senate Banking Committee, Jpmorgan, Jamie Dimon, Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Regulation, Ap, Cftc, Business News

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

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Jamie Dimon Complains More, As JPMorgan Chase Losses Eclipse $30 Billion

Mark Gongloff | Posted 05.21.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jamie Dimon JPMorgan Chase, Financial Reform, Jpmorgan, Jamie Dimon, Volcker Rule, Financial Regulation, JPMorgan Chase $2 Billion Loss, Business News
Mark Gongloff

Champion American complainer Jamie Dimon complained on Monday about Wall Street regulation, while also insisting he not be described as a complainer. ...

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Dimon On Trading Loss: 'It's An Embarrassment, It's A Black Mark'

AP | PALLAVI GOGOI | Posted 05.22.2012

Read More: Deutsche Bank, Jpmorgan Trading Loss, JPMorgan Chase, Video, CEO Jamie Dimon, Stock, Jpmorgan, JPMorgan Stock, Stock Repurchase, Jamie Dimon, Ap, Economic Downturns, Business News

NEW YORK (AP) — JPMorgan Chase is suspending plans to buy back its own stock, a little over a week after the bank posted a large trading loss. ...

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Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 05.21.2012

Read More: Banking, JPMorgan Chase, Banks, Wall Street, Jpmorgan, Jamie Dimon, Financial Crisis Inquiry Commission, Derivatives, Volcker Rule, Glass-Steagall, Business News
Phil Angelides

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.

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JPMorgan Chase: Break Up the Big Banks Now. Here's How.

Richard (RJ) Eskow | Posted 05.21.2012

Read More: SAFE Act, JPMorgan Chase, Independence Day, Sherrod Brown, Keith Ellison, John Reed, Jamie Dimon, Bill Moyers, Jpmorgan, Banking, Banks, Business News
Richard (RJ) Eskow

The JPMorgan Chase scandal -- and yes, it is a scandal -- shows us why we need to break up the big banks as quickly as possible.

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Internal Discord And Clashing Egos Blamed In Giant JPMorgan Loss

www.nytimes.com | Posted 05.19.2012

Read More: Jpmorgan Loss, JPMorgan Chase, Jamie Dimon, Jpmorgan, Ina Drew, Business News

Ever since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk...

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Obama: Banks That 'Aren't Cheating Customers' Have Nothing To Fear From Reforms

AP | DOUGLASS K. DANIEL | Posted 05.19.2012

Read More: Elections 2012, Wall Street Reform, JPMorgan Chase, Obama Wall Street Reform, Barack Obama, President Barack Obama, Jpmorgan, Video, Politics News

WASHINGTON — President Barack Obama says the big trading loss at JPMorgan Chase shows the need to finally put in place banking rules he signed i...

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What's Going To Haunt JPMorgan

Reuters | Posted 05.19.2012

Read More: Risk Measurements Jpmorgan, Jpmorgan Chase Risk Measurements, Jpmorgan Chase Risk, Jpmorgan Risk Measurements, Risk Model Jpmorgan Chase, Jpmorgan Risk, Jamie Dimon, Jpmorgan Chase Risk Model, Jamie Dimon JPMorgan, JPMorgan Chase, Video, Risk Model Jpmorgan, Jpmorgan, Reuters, Risk Measurements Jpmorgan Chase, Jpmorgan Risk Model, Risk Jpmorgan, Risk Jpmorgan Chase, Business News

* Change in risk model hid near doubling of risk * Disclosure of change came as losses announced * Seen becoming a possi...

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Don't Get Fooled Again

Taylor Lincoln | Posted 05.18.2012

Read More: Banking, Banks, JPMorgan Chase, Wall Street, Jpmorgan, Financial Reform, Wall Street Reform, Dodd-Frank, Derivatives, Derivatives Reform, Politics News
Taylor Lincoln

The JPMorgan episode may be the warning that Congress needs to return to its role of protecting the public rather than coddling the banks. But it also raises a question: How many times does a lesson have to be taught before it is learned?

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Elizabeth Warren Whacks Obama's Wall Street Efforts

Firedoglake | Posted 05.17.2012

Read More: Elections 2012, Wall Street Reform, Elizabeth Warren Obama, Elizabeth Warren, Wall Street, Barack Obama 2012, 2012 Election, Jpmorgan, Politics News

This has been the week where we got a taste of how Elizabeth Warren would comport herself as a US Senator. Since JPMorgan Chase’s Fail Whale trade, ...

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What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?

Jane White | Posted 05.16.2012

Read More: JP Morgan Chase, Federal Reserve, Americans for Financial Reform, Ben Bernanke, New Democrat Coalition, Dodd-Frank, Volcker Rule, Derivatives, Wall Street, Jpmorgan, Banking, JPMorgan Chase, Banks, Bankers, JP Morgan, Business News
Jane White

We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."

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Ben Hallman

Shareholders File Suits Over $2 Billion JPMorgan Loss

HuffingtonPost.com | Ben Hallman | Posted 05.16.2012

Read More: JPMorgan Chase, Jamie Dimon, Jpmorgan Chase Shareholder Lawsuit, Jpmorgan Chase Trading Loss, Jpmorgan, Business News

That didn't take long. Less than a week after JPMorgan Chase disclosed massive trading losses, investors who own bank stock have filed three different...

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JPMorgan Chase Annual Meeting

Jeff Danziger | Posted 05.16.2012

Read More: JPMorgan Chase, Annual Meeting, Jamie Dimon, Political Cartoon, Jpmorgan, Politics News
Jeff Danziger

2012-05-16-Screenshot20120516at8.12.24AM.jpg

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Hunter Stuart

WATCH: The Jamie-Dimon-Hates-Regulation Mashup

HuffingtonPost.com | Hunter Stuart | Posted 05.15.2012

Read More: Jamie Dimon Regulation, Mashup, Jamie Dimon, Volcker Rule, Jpmorgan London Whale, Mashups, Jamie Dimon Rails Against Regulation, JPMorgan Chase, Video, Bruno Iksil, Jpmorgan Bruno Iksil, Jpmorgan, Dodd Frankenstein, Jamie Dimon Volcker Rule, $2 Billion Loss, Stephanie Ruhle, Jamie Dimon Dodd Frank, Jpmorgan Voldemort, Business News

As one of the only banks that remained profitable during the financial crisis of 2008, JPMorgan was considered by many to be the sturdiest bank in the...

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Zach Carter

Obama's Quandry: Bashing Blundering Banks While Courting Wall Street Cash

HuffingtonPost.com | Zach Carter | Posted 05.16.2012

Read More: Corruption, 2012 Elections, Dodd-Frank, Marsha Blackburn, Derivatives, Economy, Financial Reform, Bank of America, Wall Street Reform, Mitt Romney, Jobs, Money in Politics, Obama, Democrats, Romney, Barack Obama, Campaign Finance, 2012, Thune, Video, Wall Street, Trade, Jpmorgan, Banks, J.P. Morgan, Occupy, November Elections, Fat Cats, Republicans, Politics News

WASHINGTON -- President Barack Obama's response to JPMorgan Chase's spectacular trading failure underscores a persistent tension in his presidency -- ...

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JPMorgan and Walmart: Two Stories, One Bottom Line

Judith Samuelson | Posted 05.16.2012

Read More: Jamie Dimon, Committee for Economic Development, Jpmorgan, Short Termism, Business Philosophy, Goldman Sachs, Business News
Judith Samuelson

It's really only one story, told over and over again: Aggressive growth goals, with executives under pressure to do whatever is necessary to meet the targets.

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Jamie Dimon's "Tempest In A Tea Pot"

Charles Gasparino | Posted 05.17.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jpmorgan, Banking, Banks, Jamie Dimon, Bankers, London Whale, Jamie Dimon JP Morgan, Business News
Charles Gasparino

There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.

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Banks Push For Trading Loophole, Would Allow For More Whale Fails

The Huffington Post | Mark Gongloff | Posted 05.15.2012

Read More: JP Morgan Chase, Dodd-Frank, Derivatives, Derivatives Reform, Derivatives Regulation, JPMorgan Chase, JP Morgan, Video, Wall Street, Jpmorgan, Banks, London Whale, Jp Morgan Chase London Whale, Jpmorgan Chase London Whale, Business News

U.S. banks might act worried about how JPMorgan Chase's trading pratfall will lead to tighter regulations on their own risky bets, but they've already...

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JPMorgan Losses Do Not Make the Case for Regulation

Mark A. Calabria | Posted 05.15.2012

Read More: Bank Regulation, JPMorgan Chase, Bank Reform, Financial Reform, Jpmorgan, Banking, Banks, Banking Crisis, Financial Crisis, Jamie Dimon, Financial Regulation, Business News
Mark A. Calabria

President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should -- and does -- work.

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Below the Fold: JPMorgan's $2 Billion Fail Whale

Richard Zombeck | Posted 05.15.2012

Read More: Elizabeth Warren, JPMorgan Chase, Tbtf, Wall Street, Financial Reform, Jpmorgan, Banks, Financial Crisis, Jamie Dimon, Business News
Richard Zombeck

A wrap-up of stories and posts you might have missed or overlooked -- the ones below the fold.

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Romney Camp Speaks Out On JPMorgan's Lost Billions

Reuters | Posted 05.15.2012

Read More: Romney Jpmorgan Chase, Video, 2012 Elections, Mitt Romney Jpmorgan Chase, Mitt Romney Jpmorgan, 2012 Election, Mitt Romney, Jpmorgan, Mitt Romney 2012, Reuters, Elections 2012, JPMorgan Chase, Romney Jpmorgan, Election 2012, Romney, Romney 2012, Politics News

* Romney adviser says investors, not taxpayers took hit * Regulations cannot put 'wet blanket' on economy -adviser ...

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