London Whale

Type: Keyphrase
Name: London Whale
First reported 1 hour ago - Updated 1 hour ago - 1 reports

The Business Matrix: Wednesday 22 October 2014

ECB mulls ways to boost eurozone The European Central Bank is considering buying bonds issued by eurozone companies in its latest attempt to pump money into the single currency area. The bank, which is set to move into its new Frankfurt headquarters in ... [Published The Independent - 1 hour ago]
First reported 1 hour ago - Updated 1 hour ago - 1 reports

Reining In Bankers' Pay

Officials at the Federal Reserve are telling banks to change their risk-taking culture or else . Their argument is familiar, but it's being pressed with new force.In 2010, the Dodd-Frank financial reform law stressed the importance of changing the incentives ... [Published Bloomberg View - 1 hour ago]
First reported 11 hours ago - Updated 1 hour ago - 27 reports

Fed Inspector General Finds NY Fed Knew Of JPMorgan 'Whale' Risks In 2010, "Missed Opportunity"

Just two years after "The London Whale" took a storm-in-a-teacup to a balance-sheet-busting reality for Jamie Dimon and exposed a face-slapping level of regulatory ignorance of how the TBTF banks 'trade' and 'lever' their balance sheets, the Federal ... [Published Zero Hedge - 1 hour ago]
First reported 5 hours ago - Updated 4 hours ago - 1 reports

Wall Street dysfunction is alive and well

First, the European Commission announced a $92 million fine against J.P. Morgan Chase & Co. (JPM) for rigging a benchmark interest rate and operating a separate cartel for Swiss franc derivatives. It's a probe that's already ensnared Royal Bank of Scotland ... [Published Morningstar.com - 5 hours ago]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

Ten things you do that top leaders hate

Everyone has things that tick them off, and that's especially true for powerful leaders who frequently deal with people.From half-baked ideas to working around the clock, we've collected the management pet peeves of 10 of the world's most influential ... [Published Brisbane Times - Oct 17 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

How to achieve cultural change in the finance sector

By on Oct 9, 2014In the wake of financial scandals, big banks declare their culture is changing, but critics say genuine reform is easier said than doneSub-prime mortgages, predatory lending, complicity in money laundering, mis-selling of payment protection ... [Published Ethical Corporation Online - Oct 17 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 1 reports

JPMorgan Chase & Co. Earnings: Solid, With a Hint of Litigation Risk

Legal chargesJPMorgan's miss was largely the result of one line item: legal expenses. The bank reported unexpectedly highThis could be the start of something bigger. On the quarterly conference call, CFO Marianne Lake noted that outsized expenses resulted ... [Published Motley Fool - Oct 14 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 2 reports

All That Is Broken With The US Financial System In One Chart

We have shown this chart before. We will show it again because, to nobody's surprise, nothing has changed since then.The chart in question, which we believe demonstrates all that is wrong with the US financial and banking system, shows JPM's quarterly ... [Published Zero Hedge - Oct 14 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 2 reports

JPM Results Plagued By Recurring "Non-Recurring" Legal Charges, Stagnant Trading Revenues, Record Low NIM

Earlier today, in a surprising leak, JPM reported another batch of disappointing Q3 earnings well before the scheduled time. The reason for the early report, according to the WSJ, "an inadvertent early release by a third party website Tuesday meant J.P. ... [Published Zero Hedge - Oct 14 2014]
First reported Oct 02 2014 - Updated Oct 02 2014 - 3 reports

PIMCO: How To Lose (Lots Of) Money And Still Influence People

Joshua Brown: "Do we need to fire PIMCO?": "In February of 2011, [Bill] Gross loudly proclaimed...[that] Pimco Total Return had taken its allocation to US Treasury bonds down to zero. As recently as the previous December, Pimco Total Return had been ... [Published Seeking Alpha - Oct 02 2014]
First reported Sep 25 2014 - Updated Sep 25 2014 - 1 reports

Finance jobs today: Filling up with environmental warriors and social justice campaigners?

Summer analyst at JPMorganIt’s been going on for a while, but it’s only recently become a big thing among young people who want jobs in banking. It’s not enough to have a perfect CV  with an immaculate academic record and a second life of summer internships ... [Published eFinancial Careers - Sep 25 2014]
First reported Sep 25 2014 - Updated Sep 25 2014 - 1 reports

Lansdowne Partners ramps up pay, ‘London whale’ hedge fund not quite as buoyant

Hedge funds Lansdowne Partners and Blue Mountain Capital were more generous with their pay last year, but in contrasting ways. While Lansdowne has ramped up comp for its rank-and-file employees by over £10m, Blue Mountain has quintupled the amount it ... [Published eFinancial Careers - Sep 25 2014]

Quotes

If they don't, Dudley said, regulators would conclude that "your firms need to be dramatically downsized and simplified so they can be managed effectively."
...This was "a missed opportunity for the consolidated supervisor and the primary supervisor to discuss risks related to the CIO" says the Inspector General, and it doesn't sound great , does it? They could have stopped the Whale in his tracks! His underwater migratory routes
...who is now a lecturer at Boston University’s School of Management, told Bloomberg that the Fed’s failure on JPMorgan was disturbing because "risk identification without follow up is the equivalent of a fireman seeing a fire but not acting on it"
In April 2008, a Fed letter to J P Morgan found the bank's risk management program was satisfactory "based upon the effective Corporate-wide processes in place to identify, measure, monitor and control risk." The letter was released by the Financial Crisis Inquiry Commission

More Content

All (143) | News (110) | Reports (0) | Blogs (32) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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The Business Matrix: Wednesday 22 October 2014 [Published The Independent - 1 hour ago]
Reining In Bankers' Pay [Published Bloomberg View - 1 hour ago]
Fed Inspector General Finds NY Fed Knew Of JPMo... [Published Zero Hedge - 1 hour ago]
Top watchdog lashed for severe blunders over bo... [Published NewsRT.co.uk - 2 hours ago]
New York Fed Caught Sight of London Whale and L... [Published Bloomberg View - 2 hours ago]
Top watchdog lashed for severe blunders over bo... [Published The Independent - 2 hours ago]
NY Fed faulted in JPMorgan’s ‘London Whale’ deb... [Published New York Post - 3 hours ago]
NY Fed: If You Can’t Beat JPMorgan, Break ‘Em Up [Published Equities.com - 3 hours ago]
Fed spotted JPMorgan 'Whale' risks years before... [Published NewsRT.co.uk - 4 hours ago]
New York Fed Faulted in 'London Whale' Case [Published Nasdaq - 4 hours ago]
Wall Street dysfunction is alive and well [Published Morningstar.com - 5 hours ago]
New York Fed Was Told To Look Into London Whale... [Published Dealbreaker - 5 hours ago]
In the Markets: Fed urges flock to clean up act [Published Crains NY Business - 5 hours ago]
Fed spotted JPMorgan 'Whale' risks years before... [Published Yahoo! Finance UK and Ireland - 6 hours ago]
New York Fed Was Told To Look Into London Whale... [Published Dealbreaker - 6 hours ago]
JPMORGAN CHASE : Fed spotted JPMorgan 'Whale' r... [Published 4 Traders - 6 hours ago]
New York Fed Faulted in 'London Whale' Case [Published WSJ.com: What's News US - 8 hours ago]
Could the Fed Have Prevented JPMorgan’s London ... [Published BusinessWeek - 9 hours ago]
London Whale — some NY Fed blubber [Published FT Alphaville - 9 hours ago]
NY Fed botched JPM London Whale scrutiny, repor... [Published Industrial Info Financials - 9 hours ago]
UPDATE: New York Fed didn't examine J.P. Morgan... [Published Morningstar.com - 9 hours ago]
OIG report finds fault with New York Fed over L... [Published Seeking Alpha - 9 hours ago]
NY Fed spotted JPMorgan 'Whale' risks four year... [Published Yahoo! News UK and Ireland - 10 hours ago]
NY Fed spotted JPMorgan 'Whale' risks four year... [Published 4 Traders - 10 hours ago]
Inspector general: Federal Reserve failed to ac... [Published Washington Examiner - 10 hours ago]
New York Fed Failed To Examine J.P. Morgan 'Lon... [Published 4 Traders - 10 hours ago]
Fed Watchdog Criticizes Scrutiny of JPMorgan Lo... [Published Bloomberg - 10 hours ago]
Fed inspector general: NY Fed stumbled in handl... [Published Yahoo! Canada - 10 hours ago]
Fed inspector general: NY Fed stumbled in handl... [Published Reuters - 11 hours ago]
Fed Inspector General: NY Fed Stumbled In Handl... [Published Clusterstock - 11 hours ago]
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Fed Inspector General Finds NY Fed Knew Of JPMo... [Published Zero Hedge - 1 hour ago]
Just two years after "The London Whale" took a storm-in-a-teacup to a balance-sheet-busting reality for Jamie Dimon and exposed a face-slapping level of regulatory ignorance of how the TBTF banks 'trade' and 'lever' their balance sheets, the Federal ...
New York Fed Was Told To Look Into London Whale... [Published Dealbreaker - 6 hours ago]
The Federal Reserve Bank of New York failed to examine J.P. Morgan Chase & Co.’s investment unit ahead of the bank’s 2012 “London Whale” trading debacle, despite a recommendation from other Fed supervisors that they look at the unit involved in ...
London Whale — some NY Fed blubber [Published FT Alphaville - 9 hours ago]
Since it’s curiously hard to find on the NY Fed’s home page , given the prominence of Bill Dudley’s recent firebreathing speech warning against complexity and cultural dysfunction in US banks… Click for the Federal Reserve inspector general’s ...
Fed Inspector General: NY Fed Stumbled In Handl... [Published Clusterstock - 11 hours ago]
WASHINGTON (Reuters) - The Federal Reserve's inspector general arm found several flaws in the way the New York Fed handled J.P. Morgan's huge credit derivative losses in 2012, including limited resources and competing priorities. J.P. Morgan incurred ...
All That Is Broken With The US Financial System... [Published Zero Hedge - Oct 14 2014]
We have shown this chart before . We will show it again because, to nobody's surprise, nothing has changed since then. The chart in question, which we believe demonstrates all that is wrong with the US financial and banking system, shows JPM's quarterly ...
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