London Whale

Type: Keyphrase
Name: London Whale
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Derivatives: Abuse, Props, Risks

The topic of financial derivatives is a huge can of worms. The subject has arisen in the financial press much more in the last few years since the global financial crisis turned critical and became a clear case of grand struggle to prevent a veritable ... [Published GoldSeek.com - Jul 25 2014]
First reported Jul 23 2014 - Updated Jul 24 2014 - 1 reports

Big banks made $650 million off of Fed’s QE program

Wall Street may end up being sorry to see QE go.The Federal Reserve recently announced that its bond buying program will likely end in October. That’s elicited cheers from some parts of Wall Street. Many credit the bond-purchasing stimulus program with ... [Published Fortune - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

JPMorgan nears sale of half its private equity business: WSJ

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. JPMorgan Chase & Co will pay $920 million in penalties in two countries to settle some of its potential liabilities from its ''London Whale'' derivatives trading ... [Published Reuters - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

“New Deutsche” just got pushed back again

By The author is a Reuters Breakingviews columnist. The opinions expressed are his own.Raising $12 billion last month now looks like the easy part of Deutsche Bank’s renewal. The German lender is, it emerges, under fire from United States regulators for ... [Published Reuters UK - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Reputational Risk RIP

Today, a $5 billion fine is the cost of doing business. How can any Wall Street take risk seriously?Traders Magazine Online News, July 22, 2014Phil AlbinusAt a recent breakfast meeting with a vendor of risk solutions, a team of smart technologists and ... [Published Traders Magazine - Jul 22 2014]
First reported Jul 17 2014 - Updated Jul 18 2014 - 2 reports

JPMorgan’s Dimon gets crisis-era bonus valued at $37 million

(Bloomberg) — JPMorgan Chase & Co. will let Jamie Dimon collect about $37 million in stock options created during the financial crisis, as the board stands by its leader after risk-management lapses and billions of dollars in legal settlements.JPMorgan ... [Published Crains ChicagoBusiness - Jul 18 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 3 reports

JPMorgan's CEO gets $36 million of options delayed due to London Whale loss

REUTERS — 17 MINUTES AGONEW YORK (Reuters) - JPMorgan Chase & Co ( Symbol : JPM ) said on Thursday that its board of directors allowed $36 million of options previously awarded to Chairman and Chief Executive Officer Jamie Dimon to vest.The options were ... [Published Fidelity Brokerage Services LLC - Jul 17 2014]
First reported Jul 11 2014 - Updated Jul 11 2014 - 4 reports

Investors Pull Assets from Boaz Weinstein Saba Capital Hedge Fund

Calm markets are roiling hedge-fund manager Boaz Weinstein's Saba Capital Management LP. Mr. Weinstein, noted for his public wager against J.P. Morgan Chase & Co.'s "London whale," has faced significant client withdrawals as his main fund posts a fifth ... [Published DailyMe.Com - Jul 11 2014]
First reported Jul 08 2014 - Updated Jul 09 2014 - 7 reports

Trader to Challenge UK Watchdog over ‘London Whale’ Decision

Reuters reported that a former JPMorgan trader charged in the U.S. over his alleged role in the $6.2 billion “London Whale” trading scandal has won the right to a legal challenge of the British regulator’s decision to drop its investigation into him.According ... [Published ABF Journal - Jul 09 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

Former trader files appeal over 'London Whale' probe

A former JPMorgan trader has filed an appeal with a London tribunal court to challenge civil findings made by Britain's financial watchdog against the bank over the 'London Whale' debacle of 2012, the Financial Times reported on Sunday, citing tribunal ... [Published Here is the city - Business News - Jul 07 2014]
First reported Jul 06 2014 - Updated Jul 06 2014 - 5 reports

Ex-JPMorgan trader contests UK regulator's 'Whale' findings - FT

FT Julien Grout, a junior trader with JP Morgan who was indicted in the United States in September on five charges, will allege that he was "readily identifiable" in findings which were meant to be anonymous, the daily quoted people familiar with the ... [Published Reuters - Jul 06 2014]
First reported Jul 01 2014 - Updated Jul 02 2014 - 8 reports

Jamie Dimon's News - Implications for JPMorgan Chase

Jamie Dimon is currently both Chairman and CEO of JPMorgan Chase without a succession plan. You may also recall that prior to the London Whale debacle ; JPMorgan Chase had no treasurer for several months.Lymph Nodes InvolvedIn a letter to colleagues and ... [Published Huffington Post - Jul 02 2014]

Quotes

"For over five years I have been eagerly assimilating any and all free information (articles, interviews, etc) that Jim Willie puts out there. Just recently I finally took the plunge and became a paid subscriber. I regret not doing this much sooner, as my expectations were blown away with the vast amount of sourced information, analysis tied together, and logical forecasts contained in each report."
As Capuano noted: "This is one of those show-and-tell hearings with no purpose to it. I would have left already ... because this is going nowhere."
...and international - covered some or all of the following nine areas: 2 (1) to strengthen the stability and robustness of financial firms, "with particular emphasis on standards for governance, risk management, capital and liquidity" 3 (2) to strengthen the quality and effectiveness of prudential regulation and supervision; (3) to build the capacity for undertaking effective ma...
...The disclosure, as Bloomberg BusinessWeek put it at the time, was "less an acknowledgment of his mortality than of his celebrity."

More Content

All (230) | News (163) | Reports (0) | Blogs (62) | Audio/Video (2) | Fact Sheets (0) | Press Releases (1)
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Almost 40 Percent of US Corporate Profits Nearl... [Published The Tribune Papers - Jul 27 2014]
Settlements and Fines from TBTF Institutions si... [Published Zero Hedge - Jul 26 2014]
Settlements and Fines from TBTF Institutions si... [Published Zero Hedge - Jul 26 2014]
Derivatives: Abuse, Props, Risks [Published GoldSeek.com - Jul 25 2014]
The next financial crisis is brewing right now ... [Published The Week Magazine - Jul 24 2014]
Forget too big to fail. Banks bro-down to borro... [Published Guardian.co.uk - Jul 24 2014]
“New Deutsche” just got pushed back again [Published Reuters UK - Jul 23 2014]
Big banks made $650 million off of Fed’s QE pro... [Published Fortune - Jul 23 2014]
Top EU politician lifts lid on five years of fi... [Published GlobalCapital - Jul 23 2014]
JPMorgan nears sale of half its private equity ... [Published Reuters - Jul 23 2014]
Reputational Risk RIP [Published Traders Magazine - Jul 22 2014]
JPMorgan’s Dimon gets crisis-era bonus valued a... [Published Crains ChicagoBusiness - Jul 18 2014]
JPMorgan CEO gets $36M of options after delay [Published CNBC - Jul 17 2014]
JPMorgan's CEO gets $36 million of options dela... [Published Fidelity Brokerage Services LLC - Jul 17 2014]
JPMorgan’s Dimon Gets Crisis-Era Bonus Valued a... [Published Washington Post - Jul 17 2014]
JPMorgan's CEO gets $36 million of options dela... [Published Reuters: Business News - Jul 17 2014]
JPMorgan's CEO gets $36 mln of options delayed ... [Published CNBC - Jul 17 2014]
Monster $250 billion lawsuit against big banks ... [Published Sott.net - Jul 17 2014]
FACTBOX-Bank settlements top $50 bln this year ... [Published CNBC - Jul 16 2014]
Stock Downgrades: Yahoo Definitely Not Partying... [Published Minyanville - Jul 16 2014]
$7 Billion Citigroup Settlement: About Those 25... [Published Wall Street On Parade - Jul 15 2014]
15Jul/Stanley Fischer: Financial sector reform ... [Published Bank for International Settlements - Jul 15 2014]
Three New JPMorgan IT Deaths Include Alleged Mu... [Published Wall Street On Parade - Jul 14 2014]
Who Gets Put In Charge When Businesses Are Doin... [Published Think Progress - Jul 14 2014]
Why JPMorgan is Undervalued on Long-Term Earnin... [Published ShoreLine Times - Jul 14 2014]
Why JPMorgan is Undervalued on Long-Term Earnin... [Published The Street Latest - Jul 14 2014]
Rules vague on sharing the news when a CEO gets... [Published Chicago Daily Herald - Jul 13 2014]
Reputation Damage a Risk Not to Overlook [Published Credit Union Times - Jul 12 2014]
Investors Pull Assets from Boaz Weinstein Saba ... [Published DailyMe.Com - Jul 11 2014]
Boaz Weinstein's Saba Capital fund faces asset ... [Published CNBC - Jul 11 2014]
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Blogs

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Settlements and Fines from TBTF Institutions si... [Published Zero Hedge - Jul 26 2014]
Let's take a look at the amount of settlements/fines from various banks and financial institutions around the world since the crisis. There are probably a lot of settlements/fines I have missed, frankly the amount below is already staggering, so this ...
Who Gets Put In Charge When Businesses Are Doin... [Published Think Progress - Jul 14 2014]
CREDIT: Shutterstock It’s not necessarily a fluke that Mary Barra became General Motors’s first female CEO right before a massive recall that has been roiling the company ever since. Women and people of color are more likely to be promoted to struggling ...
Boaz Weinstein Is Having Another Losing Year [Published Clusterstock - Jul 11 2014]
Saba Capital, the hedge fund run by legendary credit trader Boaz Weinstein, is on track for another down year so far. The fund is down 2.9% through the end of June,  Bloomberg News reports  citing an investor letter. According to the report, Saba's ...
Frontrunning: July 7 [Published Zero Hedge - Jul 07 2014]
Bond Anxiety in $1.6 Trillion Repo Market as Failures Soar ( BBG ), as reported first by Zero Hedge As Food Prices Rise, Fed Keeps a Watchful Eye ( WSJ ) Yellen’s Economy Echoes Arthur Burns More Than Greenspan ( BBG ) Draghi’s $1.4 Trillion Shot: Silver ...
Former trader files appeal over 'London Whale' ... [Published Here is the city - Business News - Jul 07 2014]
A former JPMorgan trader has filed an appeal with a London tribunal court to challenge civil findings made by Britain's financial watchdog against the bank over the 'London Whale' debacle of 2012, the Financial Times reported on Sunday, citing tribunal ...
1 2 3 4 5 6 7 8 9 10 ...

Audio/Video

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Markets applaud Yellen comments [Published Reuters Video: Top News - Mar 31 2014]
Markets applaud Yellen comments [Published Reuters Video: Business - Mar 31 2014]
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Press Releases

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Bearish Stocks Analysis: Morgan Stanley, Micros... [Published PR Newswire - Dec 06 2013]
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