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 ... Read Full Story »
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 ... Read Full Story »
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. ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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 ... Read Full Story »
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. ... Read Full Story »
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 ... Read Full Story »