JPMorgan, the Volcker Rule, and the Extreme Brevity of Financial MemoryArianna Huffington
Financial markets and institutions face some of the most constant cyber risks. JPMorgan has disclosed that the bank nowinvests $15 billion per yearand employs 62,000 technologists to counter about 45 billion potential attacks monitored on a daily basis. Mary Callahan Erdoes, head of JPMorgan Chas...
Levin said: “JPMorgan’s Chief Investment Office rapidly amassed a huge portfolio of synthetic credit derivatives, in part using federally insured depositor funds, in a series of risky, short-term trades, disclosing the extent of the portfolio only after intense media exposure.” McCain state...
JPMorgan has hedged First Republic Bank's interest rate exposure after buying the company when it collapsed into receivership earlier this month, he added. While he expects blowback from the acquisition, Dimon said the U.S. needs big banks to accomplish complex tasks ...
JP Morgan Chase and Bear Stearns (A) There is one financial commandment that cannot be violated: Do not borrow short to invest long. — Jamie Dimon, JP Morgan Chase Co. CEO1 You wouldn’t know we’re a well-run bank if you attended a meeting here. We’re always asking, “What went...
JPMorgan Chase (JPM), the nation’s largest bank, has launched a firm-wide effort to sell off assets as regulatory probes into its operations continue to mount, the FOX Business Network had learned. People inside the bank say that JPMorgan chief executiv
, etc., already illustrate social tensions that are likely to be amplified in the next financial crisis.” Occupy Wall Street Protesters Outside 15 Central Park West, the Residence of Lloyd Blankfein, CEO of Goldman Sachs, in 2012 Notice what “social tension” the JPMorgan an...
financial system (the money was repaid in June 2009). In September 2008 the federal government seized the bank holding company Washington Mutual, Inc., and sold its banking assets to JPMorgan Chase. In May 2012 JPMorgan Chase announced that an investment unit of the bank had lost some $2 ...
Although JPMorgan has been lauded as one of Wall Street's best-run investment banks – and one of the few to emerge from the 2008 financial crisis unscathed – the firm has run into a thicket of legal and regulatory problems over the last several months. ...
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