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Posts related to ‘Banking’

Can Greek Banks Survive A Euro Exit? Which PIIGS Are Next?

Posted: May 15, 2012 at 4:01 pm

The Europeans need to make a decision soon.  It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system.  The ...
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Dimon To Lose JP Morgan Chairman’s Job?

Posted: May 15, 2012 at 6:20 am

The California Public Employees' Retirement System (CalPERS) remarked that it will pressure the JP Morgan (NYSE: JPM) board to split the CEO and chairman roles to water down the power ...
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Moody’s Downgrades Italy’s Banks, More Downgrades To Follow

Posted: May 14, 2012 at 5:02 pm

Moody's is taking aim at the PIIGS all over again.  This time the company is firing off at the Italian banks rather than the Spanish, Portuguese, or the Greek banks.  ...
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JP Morgan Says CIO “Retires”, And Gets Off Easy

Posted: May 14, 2012 at 10:25 am

Maybe Jamie Dimon CEO of JP Morgan (NYSE: JPM) did a long-time colleague a favor. Ina Drew, the CIO of the bank, "retired" today. She ran the unit of the financial ...
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When Will JP Morgan Fire CIO Ina Drew?–Or, Has It?

Posted: May 12, 2012 at 9:57 am

It is safe to assume that JP Morgan (NYSE: JPM) CEO Jamie Dimon will keep his job as CEO after the bank's astonishing announcement that it had a trading loss of ...
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S&P Say JPMorgan Outlook Negative

Posted: May 12, 2012 at 8:45 am

A few hours after a Fitch downgrade, S&P said its outlook for JP Morgan (NYSE: JPM) has gone from "Stable" to "Negative" in the wake of a $2 billion loss ...
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Fitch Cuts JP Morgan

Posted: May 12, 2012 at 8:32 am

In the midst of calls for JP Morgan (NYSE: JPM) CEO Jamie Dimon to step down, and new scrutiny over a $2 billion trading loss by agencies in the US and ...
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A Call For Jamie Dimon To Resign

Posted: May 11, 2012 at 11:17 am

J.P. Morgan Chase & Co. (NYSE: JPM) has done some severe damage to its image as the best risk manager of the large banks, and this damage may easily carry ...
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Dallas Fed President Repeats Call for Smaller Banks (JPM)

Posted: May 11, 2012 at 11:03 am

At a speech to a group of Texas bankers, Dallas Federal Reserve President Richard Fisher was asked to comment on the news of the $2 billion trading loss reported by ...
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JP Morgan: Does One Bad Trade Make a Dangerous Pattern?

Posted: May 11, 2012 at 6:52 am

The front page of almost every news and financial paper or website carried that story of JP Morgan’s (NYSE: JPM) $2 billion trading loss. As MarketWatch described it, “The losses stemmed ...
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JP Morgan $2 Billion Loss — Stock Down 6%

Posted: May 10, 2012 at 5:48 pm

In a hastily called conference call, JP Morgan (NYSE: JPM) CEO Jamie Dimon explained that one of the bank’s divisions would have an $800 million trading loss based on a bad investments ...
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BofA Starts More Mortgage Forgiveness Efforts, Sort Of (BAC)

Posted: May 8, 2012 at 8:00 am

Bank of America Corporation (NYSE: BAC) may be trying to move further and further past its mortgage exposure, but its Home Loans division is reaching out to customers who may ...
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Treasury Sale of AIG Shares Hammers Share Price (AIG)

Posted: May 7, 2012 at 10:22 am

At one time US taxpayers owned more than 90% of American International Group Inc. (NYSE: AIG). Today taxpayers own about 63% of the insurance giant, following AIG’s purchase of about ...
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Barclays To Start Online Bank

Posted: May 7, 2012 at 6:19 am

Barclays, the UK based bank, has decided to move into the US online bank business. The move is a mystery given the competition from American banks, brokers, and financial advisors. ...
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Chinese Currency Going Global? (CME, ICE)

Posted: May 4, 2012 at 7:29 am

At a conference in Singapore, the CEO of the London Metals Exchange (LME), the world hub for metals trading, said that LME is working on a 2-year project to create ...
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