Friday, May 11, 2012


  • (MoneyWatch) Fitch Ratings has lowered JPMorgan Chases (JPM) credit rating one day after the banking giant disclosed that one of its trading units had lost $2 billion.
  • (CBS News)
  • "Regulations just got more teeth," said trader Steve Grasso after hearing commentary from Senator Carl Levin on CNBC. "This is going to be a political football right up until the elections.
  • (CNBC)
  • Derivatives traders seeking to profit on speculation JPMorgan Chase Co. (JPM) (JPM) is unwinding positions tied to its $2 billion trading loss are driving up a vintage credit- default swaps index to the highest in more than three months.
  • (Businessweek)
  • WASHINGTON May 11 (Reuters) - Representative Barney Frank said that JPMorgan Chase Cos shock trading loss of at least $2 billion from a failed hedging strategy will undermine the bank industrys efforts to fight reforms.
  • (Reuters)
  • Fitch Ratings has downgraded JPMorgan Chase Co.s (NYSE: JPM) Long-term Issuer Default Rating (IDR) to A+ from AA- and its Short-term IDR to F1 from F1+. Fitch has placed all parent and subsidiary long-term ratings on Rating Watch Negative.
  • (
  • Shares of JPMorgan Chase (JPM) tumbled Friday morning after the firm shocked investors Thursday evening by disclosing a $2 billion trading loss.
  • (Yahoo Finance)
  • You need to enable Javascript to play media on JPMorgan Chase Co. (JPM), the largest and most profitable U.S. bank, had its credit grade lowered one level by Fitch Ratings after a $2 billion trading loss.
  • (Bloomberg)
  • Yesterdays announcement by JPMorgan Chase Co. (NYSE: JPM) that it lost $2 billion on a hedge position is not only surprising, its frightening. Ill try and make this short and easy to understand, but the truth is that its complicated.
  • (Money Morning)
  • JPMorgan Chase Co. (JPM)'s trading loss of about $2 billion underscores the need for the "common-sense regulation" of the financial industry that presumed Republican nominee Mitt Romney would push as president, his campaign spokeswoman said today.
  • (Bloomberg)
  • J.P. Morgan Chase (NYSE:JPM) , also part of the Dow Jones Industrial Average (DJI:DJIA) , closed the day down 9.3% at $36.96, for a loss of 11.5% for the week. After the market close, Fitch Ratings downgraded J.P.
  • (Marketwatch)

No comments:

Post a Comment