Volcker Rule

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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Barney Frank Takes Strong Position On JP Morgan Fiasco

Posted 05.28.2012

Read More: Barney Frank Mitt Romney, Video, JP Morgan, Barney Frank Wall Street Reform, Barney Frank Jp Morgan, Barney Frank Wall St Reform, Barney Frank Volcker Rule, Volcker Rule, Politics News

Rep. Barney Frank (D-Mass.) says that JPMorgan Chase's $2 billion loss earlier this month reaffirms the argument for regulating Wall Street. In an ...

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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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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
Sanjay Sanghoee

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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JPMorgan, the Volcker Rule, and the Extreme Brevity of Financial Memory

Arianna Huffington | Posted 05.27.2012

Read More: JP Morgan Loss, Volcker Rule, Jamie Dimon JP Morgan, Jamie Dimon Volcker Rule, The Volcker Rule, Obama-Volcker-Rule, Business News
Arianna Huffington

Financial crises are a lot like childbirth -- they both involve a lot of pain and end up costing you a lot of money. But, after a while, you forget about all the negatives and are ready to do it again.

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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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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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Big Bank Time Bomb Ticking

Ted Kaufman | Posted 05.20.2012

Read More: JP Morgan, Bankruptcy, Too Big to Fail, Banks, Consumers, Jamie Dimon, Investment, Obama-Biden, High Frequency Trading, Warren Buffett, Volcker Rule, Politics News
Ted Kaufman

What is so abundantly clear is that the lack of transparency in derivatives trading, and the sheer complexity that is a by-product of that lack of transparency, really can make them "financial weapons of mass destruction."

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This Is Our Best Chance to Fix Wall Street

Sen. Jeff Merkley | Posted 05.18.2012

Read More: JP Morgan, Wall Street Reform, Federal Reserve, Jamie Dimon, Ben Bernanke, Volcker Rule, Glass-Steagall, Politics News
Sen. Jeff Merkley

Let's be clear: There's nothing wrong with high-risk trading, but if the bets go bad, only the people who made the bets should have to pay. This sort of gambling should happen in hedge funds, not in the federally-insured banks that families and small businesses depend on.

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Banking Sector Puts Its Money On Mitt Romney

boston.com | Posted 05.18.2012

Read More: JPMorgan Chase, Barack Obama, Politics News, Mitt Romney, Elections 2012, Business News, Volcker Rule, Banking Sector, Politics News

When Jamie Dimon of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving poli...

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Greece Should Not Influence the U.S. Markets: the U.S. Should

Georges Ugeux | Posted 05.16.2012

Read More: Christine Lagarde, General Electric, JP Morgan, Paul Krugman, Greece, Volcker Rule, Derivatives, Business News
Georges Ugeux

Greece is a convenient excuse. Let's correct our own weaknesses, starting from public indebtedness, rather than pointing the finger towards Europe.

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What Will a Greek Default Mean for You?

Jeffrey Rubin | Posted 05.16.2012

Read More: Glass-Steagall Act, Eurozone Debt Crisis, Greece Default, Volcker Rule, Business News
Jeffrey Rubin

A Greek default would start in Athens, but it wouldn't be long before it's felt in Paris, Berlin, New York and Toronto. In today's intertwined financial markets, everyone has exposure to everyone else's problems.

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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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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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D.M. Levine

Jamie Dimon Defends Lobbying, Fends Off Critics At Shareholders Meeting

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

Read More: Jamie Dimon, JP Morgan, Volcker Rule, Lobbying, Financial Regulation, Financial Reform, Derivatives, New York Federal Reserve Bank, Business News

At the annual JPMorgan Chase shareholders meeting on Tuesday morning in Tampa, Fla., CEO Jamie Dimon offered what amounted to a spirited defense of th...

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Geithner: JPMorgan Loss 'Helps Make Case' For Regulation

AP | ANDREW TAYLOR | Posted 05.15.2012

Read More: JPMorgan Chase, Video, Peter G. Peterson Foundation, Federal Reserve, Obama Administration, Derivatives Markets, Treasury Secretary Timothy Geithner, Securities and Exchange Commission, Capital Requirements, Volcker Rule, Financial Regulation, Business News

WASHINGTON -- Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules...

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How JPMorgan's Loss Will Affect Four Key Parts Of Financial Reform

AP | DANIEL WAGNER | Posted 05.15.2012

Read More: 2008 Financial Crisis, Congress, CEO Jamie Dimon, Federal Reserve Chairman Paul Volcker, Too Big to Fail, Regulation, Obama Administration, Volcker Rule, Cftc, JPMorgan Chase, Video, Bailout, Securities and Exchange Commission, London Whale, Financial Rules, The Federal Deposit Insurance Corp., Trading Loss, Business News

WASHINGTON — The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congre...

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Regulators Forgive JPMorgan Trade

The Huffington Post | Mark Gongloff | Posted 05.15.2012

Read More: Jpmorgan Chase Loss, JPMorgan Chase, Video, Mark Gongloff Things to Know, Seven and a Half Things, Seven and a Half Things You Need to Know, Jpmorgan Chase Volcker Rule, Even and a Half Things to Know, 7 1/2 Things, 7.5 Things, Volcker Rule, Things You Need to Know Today, Business News

Thing One: Regulators Inaction: Feckless U.S. financial-markets regulators are a lot like the referees in professional wrestling: They're only there f...

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Will JPMorgan's Loss Provide a Win for Wall Street Reform?

Barbara Roper | Posted 05.14.2012

Read More: J.P. Morgan Chase, Dodd-Frank, Derivatives, Financial Reform, Lincoln-Rule, Credit Default Swaps, Jamie Dimon, Volcker Rule, Wall Street Reform, Bank Regulation, Jpmorgan, Business News
Barbara Roper

While regulation comes with a significant price tag, those costs pale beside the losses that banks can incur when left to their own devices. Will regulators take the hint that the cost-benefit fight is one they can win?

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The Bailout That Never Was

Dave Pederson | Posted 05.14.2012

Read More: Wall Street Bailout, Bank Bailout, Volcker Rule, Barack Obama, Subprime Mortgage Crisis, Economic Crisis, Bank Bailouts, New Deal, Citizen Bailout, Politics News
Dave Pederson

The bailouts only helped the banks, buried Americans further in debt they will never payoff, and froze economic growth.

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A Dimon in the Rough

D. Sidney Potter | Posted 05.14.2012

Read More: Foreclosures, Citigroup, Volcker Rule, Wells Fargo, Derivative Fiasco Loss, Big Banks, Alley, Bank of America, JPMorgan Chase, Mortgage, The London Whale, $2 Billion Loss, Occupy Wall Street, Banking, Jaime Dimon, Real Estate, Business News
D. Sidney Potter

Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.

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D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

Read More: JP Morgan Chase, Financial Reform, Derivatives, Regulation, Jamie Dimon, Credit Default Swaps, Volcker Rule, Brooksley Born, JPMorgan Chase $2 Billion Loss, JPMorgan Chase, JP Morgan, Credit Derivatives, Wall Street, Banks, Financial Regulation, Business News

To Brooksley Born, JPMorgan Chase's trading blowup looks a lot like the Long-Term Capital Management debacle of 14 years ago. It's "happening all o...

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Paul Krugman: This Is Why We Regulate Wall Street

The New York Times | Paul Krugman | Posted 05.14.2012

Read More: Banking Regulations, JP Morgan Chase, Wall Street, Lehman Brothers, Banking, Federal Reserve, Aig, Banks, Jamie Dimon, Paul Krugman, Volcker Rule, Gilded Age America, Business News

One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...

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3 JPMorgan Execs Expected To Resign Following $2 Billion Loss: Report

AP | Posted 05.14.2012

Read More: JPMorgan Chase, Video, Jpmorgan, Ina Drew, Barney Frank, Banks, Jamie Dimon, Volcker Rule, Carl Levin, Business News

The Associated Press NEW YORK (AP) -- Three high-ranking executives at JPMorgan Chase are expected to leave their jobs this week after a trading bl...

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Zach Carter

Barney Frank Lays Into House Republican On Jobs, Wall Street Reform

HuffingtonPost.com | Zach Carter | Posted 05.13.2012

Read More: 2012 Elections, Dodd-Frank, Marsha Blackburn, Economy, Barney Frank, Wall Street Reform, Jobs, Obama, Volcker Rule, Romney, JPMorgan Chase, Video, Gay Rights, 2012 Election, Jpmorgan, November Elections, Gay Marriage, Politics News

WASHINGTON -- Rep. Barney Frank (D-Mass.) lit into Rep. Marsha Blackburn (R-Tenn.) on Sunday, when both appeared on ABC's "This Week." The show sta...

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