iPhone app iPad app Android phone app Android tablet app

Proprietary Trading

The Wall Street Journal Rides to the Rescue of Jamie Dimon

Raymond J. Learsy | Posted 05.14.2013 | Business
Raymond J. Learsy

In a scolding editorial yesterday, "Targeting Jamie Dimon," the WSJ berates the "activist shareholders and the ususal media scolds pushing for JP Morgan to strip Mr. Dimon of his Chairman's role in the name of better corporate governance..."

Goldman's Genius: Ignoring Rule That Doesn't Exist

Mark Gongloff | Posted 03.24.2013 | Business
Mark Gongloff

See, folks, this right here is an example of how the rest of us playing checkers while Goldman Sachs is playing three-dimensional chess.

Goldman CEO Caught In Lie: Report

The Huffington Post | Eleazar David Melendez | Posted 01.08.2013 | Business

Even as the CEO of Goldman Sachs claimed a few months ago that the bank had stopped trading on its own account, a secretive unit at Goldman’s gleami...

Banks in Collusion With the Fed Shamelessly Spike Up Price of Oil/Gasoline

Raymond J. Learsy | Posted 09.16.2012 | Business
Raymond J. Learsy

Today, Federal Reserve Chairman Ben Bernanke will be testifying before a House Financial Services Committee. Would it not be timely if he were asked about the role the Fed plays in facilitating the bank holding companies to hold sway in the oil market?

Prop Trading: Gaming the Gamers

Nancy K. Humphreys | Posted 08.21.2012 | Business
Nancy K. Humphreys

Intelligence, not luck, is what wins in investing.

The Jamie Dimon 'Puppet Show'

Raymond J. Learsy | Posted 08.14.2012 | Business
Raymond J. Learsy

Words like "too cozy" and "ridiculous" were among the adjectives applied to the testimony of Jamie Dimon before yesterday's Senate Banking Committee Hearing. It is one example of the frustration felt by those who wanted answers to hard questions.

D.M. Levine

On Wall Street, Nothing Has Changed

HuffingtonPost.com | D.M. Levine | Posted 05.11.2012 | Business

If you thought Wall Street had learned its lesson four years after the global financial crisis, JPMorgan Chase's $2 billion trading debacle suggests y...

Why Jamie Dimon Has Egg On His Face

Posted 05.10.2012 | Business

Oh, the irony. After roundly criticizing regulations aimed at preventing banks from taking huge and unsustainable risks with their own money, Jamie...

Wall Street's Speed Demons: A 10-Point Primer

Sarah Anderson | Posted 05.04.2012 | Business
Sarah Anderson

Who are "high-frequency traders"? And what sort of games are they playing with our economic future? Here are 10 things you should know.

Michael Lewis: The Volcker Rule Should Push Even Harder

The Huffington Post | Khadeeja Safdar | Posted 05.03.2012 | Business

The Volker rule should push even harder to curb banks' bets with their own money than it would do as presently constructed, according to Michael Lewis...

For Wall Street, The Great Recession Continues

The Huffington Post | D.M. Levine | Posted 04.25.2012 | Business

It seems the world of finance is still in the throes of its own great recession. One hundred of the largest cities in the U.S. have shed a total o...

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012 | Business

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

The Volcker Rule's 'Unintended Consequences'

Reuters | Posted 05.27.2012 | Business

* Study says exemption for market making should be broadened * Says gasoline and power costs could rise without changes ...

It Pays To Oppose The Volcker Rule

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

Why haven't more lawmakers insisted on strict financial regulation? Maybe because that's not where the money is. Members of Congress who have calle...

Volcker Rule Deadline Likely Blown

The Huffington Post | Alexander Eichler | Posted 03.01.2012 | Business

Here's news that will surprise no one who's been watching the tortured fights over the Volcker Rule: The controversial financial regulation is not lik...

Where Is Jamie Dimon When You Need Him?

Dennis M. Kelleher | Posted 04.17.2012 | Business
Dennis M. Kelleher

Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is.

Alexander Eichler

Occupy The SEC Marches In Support Of A Strong Volcker Rule

HuffingtonPost.com | Alexander Eichler | Posted 02.14.2012 | Business

NEW YORK -- A crowd of some 60 people were milling outside the Federal Reserve Bank of New York in the Financial District Monday afternoon. They liste...

'Not So': Volcker Responds To Critics Who Say His Rule Will Wreak Havoc On Banks

The Huffington Post | Mark Gongloff | Posted 02.13.2012 | Business

Paul Volcker has two words for the people who say the new banking-sector rule that bears his name is going to wreak havoc on the financial system: "No...

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

Goldman Official: Controversial Regulation May Actually Help Bank's Profitability

Reuters | Posted 04.09.2012 | Business

* Rule might help Goldman's return on equity - CFO * Banks can buy lower, sell higher to reflect risk * Quicker asset tu...

Signs At Major Bank That Wall Street Still Fears The Volcker Rule

The Huffington Post | Jillian Berman | Posted 01.30.2012 | Business

Financial reform might just be reforming finance. Citigroup is shuttering its proprietary trading desk -- a unit that makes bets with the firm's ow...

Controversial Financial Reform Measure Could Hurt Venture Capital, Bank Says

Reuters | Posted 03.13.2012 | Business

By Dave Clarke WASHINGTON (Reuters) - While Wall Street giants fight to get regulators to loosen the broad trading restrictions of the ...

Ben Hallman

Is White House Chief Jack Lew's Banking Background Bad News For Financial Reform?

HuffingtonPost.com | Ben Hallman | Posted 01.11.2012 | Business

As President Barack Obama's new White House chief of staff, ex-banker Jacob Lew assumes a powerful position at the height of a Washington battle over ...

The European Agreement Offers Other People's Money

Georges Ugeux | Posted 12.27.2011 | Business
Georges Ugeux

The simple notion that China might be part of that new fund is sending waves throughout Europe. Does Europe need the IMF and China to resolve a $500 billion problem?

Volcker Rule So Complex Even Volcker Says He Doesn't Like It

The New York Times | James B. Stewart | Posted 12.22.2011 | Business

When Paul Volcker called for new rules in 2009 to curb risk-taking by banks, and thus avoid making taxpayers liable in the future for the kind of reck...