For the first time in recent memory, financials investors are judging bank earnings by Main Street borrowing versus Wall Street trading.» Read More
Stephen Roach, former Morgan Stanley Asia non-executive chairman, discusses what it will take to get the markets and economy moving again and restore investor confidence, on the heels of JPMorgan's recent loss.
Austan Goolsbee, former C.E.A. chairman, discusses the huge losses at JPMorgan and defends the need for the Volcker Rule to oversee big bank activities.
JPMorgan's Jamie Dimon told NBC's "Meet the Press," he admits the $2-billion trading loss damages his argument against excessive regulations. John Kanas, BankUnited chairman, president & CEO and Camden Fine, Independent Community Bankers of America president & CEO, discuss the fallout from the banking blunder and the future of investment banks.
Three high-ranking officers are expected to leave JPMorgan Chase this week, people familiar with the situation told The Wall Street Journal, in the latest fallout from a trading blunder that has cost the bank at least $2 billion.
Although JPMorgan Chase suffered a trading loss of at least $2 billion due to a failed hedging strategy, it will not be life threatening to the bank, CEO Jamie Dimon said in an interview aired Sunday.
A preview of JPMorgan's CEO, Jamie Dimon's interview on "Meet the Press". Also, CNBC's John Harwood reports JPM's $2 billion banking blunder is drawing increased Congressional scrutiny, and debating whether it's time to break-up the big banks, with Rep. Brad Sherman, (D-CA); Rep. David Schweikert, (R-AZ); and Bill Isaac former FDIC chairman.
Is the market headed higher or lower from here? Zachary Karabell, River Twice Research president and Stephen Weiss, Short Hills Capital, make a bull and bear case for the direction of the markets and U.S. economy.
Mad Money host Jim Cramer shares his outrage on what went wrong at JPMorgan and wonders why CEO Jamie Dimon did not catch this "financial mess" before it got out of control.
JPMorgan took a $2 billion hit, but were regulators aware ahead of time? Michael Greenberger, University of Maryland professor; Tim Ryan, SIFMA president & CEO; and CNBC contributors Michael Yoshikami and Zachary Karabell, offer insight.
David Gregory, "Meet the Press" host, discusses the details of JPMorgan CEO Jamie Dimon's appearance on his show.
Checking the charts on JPMorgan since the firm reported $2 billion in trading losses, with JC O'Hara, Phoenix Partners Group.
Forecasting Facebook's pricing and performance ahead of its initial public offering, with Steven DeSanctis, Bank of America Merrill Lynch and John Manley, Wells Fargo Advantage Funds.
CNBC's Mary Thompson reports the SEC is opening an investigation into JPMorgan's trading loss, and Jim Iuorio, TJM Institutional Services, explains why he is "short" financials.
Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.
It is almost certain that, at the very least, the Fed (not wanting to exacerbate its reputation for throwing taxpayer money at “Too Big To Fail” problems), would have backed JP Morgan off these trades long ago.
The surprising news of a $2 billion loss at J.P. Morgan is understandably shaking the markets and investor confidence.
These circumstances take on a fantasy-world quality in that many of us continue to believe the bankers are so scary smart about our markets and economy. What it really demonstrates is what chumps we sometimes have become.
One day after JPMorgan Chase announced that it had suffered a trading loss of at least $2 billion, Bill Gross, Pimco's managing director and co-CIO, said it was still one of the “best-run banks in the world.”
United States and British regulators have been in discussions with the bank for almost a month about the trading group that disclosed more than $2 billion in losses, The New York Times reports.
Bill Gross, Pimco managing director and co-CIO, is calling for a third round of quantitative easing from the Fed.