By Dunstan Prial For supporters of the Volcker Rule, JPMorgan's (JPM) $2 billion bad bet is "manna from heaven," proof that big investment banks shouldn't be gambling their clients' money in the big casino. "Understandably
By Dunstan Prial For supporters of the Volcker Rule, JPMorgan's (JPM) $2 billion bad bet is "manna from heaven," proof that big investment banks shouldn't be gambling their clients' money in the big casino. "Understandably
WASHINGTON – Two Democratic senators said Friday that a draft of the Volcker rule is inconsistent with the language of the Dodd-Frank overhaul of the financial system and should be tightened to exclude the kind of trade involved in JP Morgan Chase & Co
JP Morgan mess boosts reformers, Volcker Rule. JP Morgan CEO Jamie Dimon doesn't mince words. "Flawed, complex, poorly reviewed, poorly executed and poorly monitored," is how he described the strategy that saddled the firm with $2 billion in trading
By Dunstan Prial For supporters of the Volcker Rule, JPMorgan's (JPM) $2 billion bad bet is "manna from heaven," proof that big investment banks shouldn't be gambling their clients' money in the big casino. "Understandably
