Jpmorgan Chase

Below the Fold: Regulation. What is it Good For?

Richard Zombeck | Posted 05.31.2012

Read More: Regulation, Aig, JPMorgan Chase, Bernie Sanders, Jamie Dimon, Wall Street, Financial Reform, Barney Frank, Business News

It is business as usual on Wall Street and of no concern to us, the unwashed masses. Meanwhile, JPMorgan CEO, Jamie Dimon is out and about again, railing against regulation.

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The Complexity of the Simplicity Solution

Robert Teitelman | Posted 05.30.2012

Read More: New York Times, Robert Teitelman, Sallie Krawcheck, Joe Nocera, Dodd-Frank, JPMorgan Chase, Glass-Steagall, Business News

If JPMorgan Chase & Co.'s big ugly trade managed to escape the bank's internal risk management operation -- not to say regulators -- how would that have found its reflection in the bank's overall risk number? It's a rule: It's the stuff we don't know, or don't want to know, that tends to kill us.

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How JPMorgan Is Trying To Make Up For That Huge Trading Loss

Reuters | Posted 05.30.2012

Read More: Earnings, JPMorgan Chase, Jpmorgan Trading Loss, Video, Securities, CEO Jamie Dimon, Reuters, London Whale, Securities and Exchange Commission, Business News

(Repeating item with no changes to headline or text) * JPMorgan sold estimated $25 billion in securities * Sales to prop...

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Mr. Dimon's Bank, Sen. Lee's Short Sale: Unanswered Questions About a Suspect Deal

Richard (RJ) Eskow | Posted 05.29.2012

Read More: JPMorgan Chase, Jamie Dimon, London Whale, Mike Lee Short Sale, Jpmorgan Short Sale, Jp Morgan Mortgages, Mike Lee Jp Morgan, Business News

Why is it that most Americans can't get a principal reduction from Chase or any other bank, but JPMorgan Chase was so very flexible with a sitting member of the United States Senate? People should be demanding those answers now.

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Sheila Bair as Vice President. Governor Romney, Are You Listening?

Raymond J. Learsy | Posted 05.28.2012

Read More: Fdic, Cnbc, JPMorgan Chase, President Obama, Wall Street, Maria Bartiromo, Bain Capital, Governor Romney, Crony Capitalism, Congress, Business, Financial Crisis, Heila Bair, Dodd-Frank Bill, Sheila Bair, Politics News

Romney is identified hand and fist with Wall Street's interests. Yet it is still early in the campaign. It would be a coup were his campaign to look to that singular personage in government who fought tooth and nail for the interests of everyday America.

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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

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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How to Fix the Fed: Dismiss Dimon, Boot the Bankers, and Can the Corporations

Richard (RJ) Eskow | Posted 05.25.2012

Read More: JPMorgan Chase, Federal Reserve, Elizabeth Warren, Bernie Sanders, Jamie Dimon, Simon Johnson, Business News

The question isn't whether we need a central bank: We do. The question is, Why is it dominated by the people who have already ruined the economy once -- and who have a clear conflict of interest?

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The Surprising Casualty Of The Financial Crisis

Reuters | Posted 05.25.2012

Read More: Layoffs, JPMorgan Chase, Women, Wall Street Women, Wall Street, Lehman Brothers, Reuters, Bank of America, Financial Crisis, Women Wall Street, Compensation, Citigroup, Video, Business News

By Michelle Conlin May 24 (Reuters) - The financial crisis and its aftermath have been brutal for Wall Street's riches...

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Fed Official Essentially Calls For Dimon To Leave New York Fed

The Huffington Post | Mark Gongloff | Posted 05.24.2012

Read More: JP Morgan Chase, Jamie Dimon New York Fed, Esther George, JPMorgan Chase, Video, JP Morgan, Jamie Dimon JPMorgan Chase, Fed, Kansas City Fed President Esther George, Regulation, Federal Reserve, Banks, Jamie Dimon, New York Fed, Slideexpand, Business News

Don't worry, Jamie Dimon. Even in the Facebook mess, you are not forgotten. Kansas City Federal Reserve President Esther George on Thursday said in...

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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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Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 05.24.2012

Read More: Congress, Securities and Exchange Commission, Financial Reform, Commodity Futures Trading Commission, Elections 2012, Enron, Wall Street Reform, Jamie Dimon, Volcker Rule, Cftc, Financial Watchdog, JPMorgan Chase, Wall Street, Wall Street Regulation, Barack Obama, Mary Schapiro, Sarbanes-Oxley Act, Sec, Banking Reform, Gary Gensler, Glass-Steagall, Gary Gensler Chairman CFTC, Lobbyists, SEC Chairman Mary Schapiro, Appropriations, Banking Lobby, Banking Industry, Obama 2012, Dodd Frank, Special Interests, Business News

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

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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

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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JPMorgan Loss, Facebook IPO Debacle Combine To Erode Confidence In Wall St.

AP | PALLAVI GOGOI | Posted 05.24.2012

Read More: JPMorgan Chase, Jpmorgan Trading Loss, Video, Morgan Stanley, Wall Street, Senate Banking Committee, Facebook IPO, Main Street, Securities and Exchange Commission, Facebook, Wall Street Confidence, Ap, Business News

NEW YORK (AP) — Wall Street appears bent on convincing Main Street that the game is rigged. Investor anger is mounting over the initi...

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Romney's Disastrous Education Agenda: Reward His Donors, Make Sure Money Dominates Politics

David_Halperin | Posted 05.23.2012

Read More: Mitt Romney, JPMorgan Chase, Goldman Sachs, Higher Education, Student Loans, For-Profit Colleges, Full Sail, Politics News

Romney attacks -- and pledges to undo -- two critical reforms implemented by the Obama administration: (1) reforming student loans and (2) holding for-profit colleges accountable for waste, fraud, and abuse.

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JPMorgan Has A Worse Reputation Than Goldman Sachs Right Now

The Huffington Post | Harry Bradford | Posted 05.23.2012

Read More: JPMorgan Chase, Goldman Sachs, Video, Jpmorgan Chase Consumer Perception, Abacus, Goldman Sachs Reputation, Jamie Dimon, Jpmorgan Chase Reputation, Slideexpand, Consumer Perception, Yougov, Citigroup, Business News

Apparently an op-ed from a bitter employee and a $2 billlion trading loss will do about the same amount of damage to a big bank’s reputation. In ...

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10 Reasons to Be Suspicious About Wall Street's Facebook Fiasco

Richard (RJ) Eskow | Posted 05.23.2012

Read More: Financial Fraud, Meg Whitman, Mark Zuckerberg, JPMorgan Chase, Goldman Sachs, Jamie Dimon, Morgan Stanley, Facebook, Facebook IPO, Facebook Stock Price, Facebook Stock, Business News

Here are ten reasons why it makes sense to be suspicious of the Facebook IPO, starting with the fact that any overview of the three institutions which handled it might best be described as "rounding up the usual suspects."

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How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 05.23.2012

Read More: Corruption, Financial Fraud, JPMorgan Chase, Goldman Sachs, JP Morgan, White Collar Crime, Wall Street, Finance, Wall Street Crimes, Financial Crisis, Mortgage-Backed Securities, Securities Fraud, Wall Street Corruption, Business News

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

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Why Obama Should Be Attacking Casino Capitalism -- Both Romney's Bain and JPMorgan

Robert Reich | Posted 05.22.2012

Read More: JP Morgan Chase, Mitt Romney Bain Capital, JPMorgan Chase, JP Morgan, Bain Capital, 2012 Election, Mitt Romney 2012, Elections 2012, Mitt Romney, Jamie Dimon, Obama Romney, Politics News

Bain Capital and JPMorgan are parts of the same problem -- a particular kind of capitalism that uses other peoples' money to make big bets which, if they go wrong, can wreak havoc on the economy. The president should be leading the charge against both.

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JPMorgan Hires Ex-Government Enforcer To Help Probe Loss

Reuters | Posted 05.23.2012

Read More: JPMorgan Chase, Video, Jpmorgan-Probe, Jpmorgan-London-Whale, Reuters, Business News, William Mclucas, Sec, Jpmorgan-Chase-Trading-Loss, Jpmorgan Chase William Mclucas, Securities and Exchange Commission, Business News

May 22 (Reuters) - JPMorgan Chase & Co has hired former U.S. Securities and Exchange Commission enforcement chief William McLuca...

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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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Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds

AP | Posted 05.22.2012

Read More: Federal Deposit Insurance Corp., Fdic, Mortgage Securities, Bank of America, Mortgage Crisis, Royal Bank of Scotland, Hsbc, Deutsche Bank, Ubs, JPMorgan Chase, Video, Credit Suisse, Strategic Capital Bank, Citizens National Bank, Fdic Sues, Ap, Citigroup, Business News

WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks ...

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Financial Regulation: How to Find the Right Balance

Philip Jennings | Posted 05.21.2012

Read More: JPMorgan Chase, Financial Crisis, JP Morgan, Financial Regulation, Financial Reform, Business News

JP Morgan's multi-billion punt is the latest evidence that the financial sector remains a minefield five years on from the initial crisis. Despite the efforts of regulators there is a vacuum at the heart of financial global governance.

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Citizen Bane

David Crisanti | Posted 05.21.2012

Read More: JPMorgan Chase, Jamie Dimon, Wall Street Journal, The New York Times, Business News

I agree with Jonathan Macey's opinion piece in Tuesday's Wall Street Journal ("Losing Money isn't a Crime") that we don't need to vilify JPMorgan for...

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Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Read More: 2008 Financial Crisis, Derivatives, Financial Reform, Derivatives Reform, Wall Street Reform, Jamie Dimon, Commodity Futures Trading Commission, Brooksley Born, Goldman Sachs, JPMorgan Chase, Financial Crisis, Derivatives Trading, Alan Greenspan, Financial Regulation, Business News

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

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Regulator To Probe JPMorgan Trading Loss

AP | MARCY GORDON | Posted 05.21.2012

Read More: JPMorgan Chase, Video, Gary Gensler Chairman CFTC, Reuters, Business News, Banks, Jpmorgan-Chase-Trading-Loss, Cftc, Jpmorgan Chase London Whale, Cftc Jpmorgan Chase Trading Loss, Business News

WASHINGTON -- The head of the Commodity Futures Trading Commission says the agency has begun an investigation into JPMorgan Chase's ill-timed bet on c...

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