Thursday, May 10, 2012

Jp morgan chase

  • JP Morgan Chase, Americas biggest bank, issued a surprise trading update after US markets had shut on Thursday, admitting it had incurred $2bn (£1.2bn) of trading losses in the past six weeks.
  • (The Guardian)
  • JP Morgan Chase emerged from the financial crisis with its reputation for conservatism and discipline intact. It's just blown it. Markets have, sadly, become accustomed to revelations of rogue traders or financial bets gone badly wrong at investment banks.
  • (Business Spectator)
  • At least the stock price is in after hours. One of those black swans just showed up. Looks like they had some bad derivative trades that went wrong and now they might be out - oh $800 million or so.
  • Jamie Dimon and JP Morgan Chase just proved what anyone not getting a paycheck from a Wall Street bank already knows: gigantic too-big-to-fail banks are too-big-to-manage, he added.
  • (Huffington Post)
  • JP MORGAN CHASE took $US2 billion in trading losses in the past six weeks and could face an additional $US1bn in second-quarter losses due to market volatility, chief executive James Dimon said overnight in a hastily arranged conference call after US markets closed.
  • (The Australian)
  • RHINEBECK, N.Y., April 18, 2012 /PRNewswire/ -- Phoenix Marketing International (Phoenix), one of the fastest-growing research companies in the U.S.
  • (Yahoo Finance)
  • NEW YORK -(Dow Jones)- J.P. Morgan Chase Co.
  • (NASDAQ)
  • NEW YORK, May 10 (Xinhua) -- JP Morgan Chase, the largest bank in the United States, acknowledged on Thursday a surprising trading losses of 2 billion U.S. dollars for the past six weeks.
  • (Xinhua News Agency)
  • JPMorgan Chase, the largest bank in the United States handed approach by regulators to monitoring banks trading activity.
  • (

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