Category: Wall Street
SIMON JOHNSON: Jamie Dimon Should Resign In Disgrace
Shares of JP Morgan Chase (JPM) tumbled Friday morning after the firm shocked investors Thursday evening by disclosing a $2 billion trading loss.
The revelations provide more evidence “the banks cannot manage their risk,” says MIT…
PETER TCHIR: There’s Actually A ‘Bright Side’ For JP Morgan In This $2 Billion Fiasco (JPM)
Everyone’s still buzzing about the aftereffects of the JP Morgan’s $2 billion blunder that was announced yesterday. Markets, so far, have been negative, and the banks’ stock is down over 8% in pre-market trading. JP Morgan’s reputa…
This Is Why JP Morgan Isn’t Giving You Any Details About The Trade That Caused Its $2 Billion Loss
On the JP Morgan conference call yesterday, CEO Jamie Dimon made it very clear that he wouldn’t answer any questions about what trade caused his bank’s massive $2 billion loss.
Observers raised their eyebrows, an journalists got an…
This Chart Tells You Everything You Need To Know About The Massive Risk JP Morgan Is Taking
How do we explain the devastating mess JP Morgan is in?
All of the sudden, around 4:30 pm today, everyone started buzzing about JP Morgan’s recent 10-Q report, which detailed massive losses in its chief investment office, an unfore…
Goldman Lost Money On Only One Day Of Trading Last Quarter
More interesting stuff from Goldman’s 10Q. It was released this morning.
You may remember that last year, Goldman traders took a loss 17 times in Q4 2011. On two of those days, they lost over $100 million.
Obviously, this is not go…
The New Vanity Fair Piece On Goldman Throws Out A Bunch Of Names For Blankfein’s Potential Successor
The question’s been in the air for a while — who will replace Lloyd Blankfein as CEO of Goldman Sachs?
In the latest issue of Vanity Fair, Bethany McLean doesn’t really answer that question, but she does give us some insight …
Morgan Stanley Will Have To Plunk Down A Huge Pile Of Cash If It Gets Hit With A Big Downgrade
Wall Street’s been buzzing about an impending round of bank downgrades from ratings agencies for a couple of weeks now.
Banks are concerned because if their ratings go down, their borrowing costs go up. Not only that, but BlackRock…
The Guys Who Started The Hilarious #WhenInFinance Meme Blog Just Told Us How They Do It And Why
If you haven’t stumbled upon the hilarious meme blog #WhenInFinance yet, get ready to 1—laugh till you almost pee your pants, and 2—throw productivity out the window.
The blog, which has been spreading like wildfire amo…
Some Former MF Global Employees Can’t Even Get Jobs At Target
The good news for former MF Global employees: Despite the firm’s now notorious name—associated with possible rule breaking within the futures industry and up to $1.6 billion of missing client funds, their connection to the fo…
The Most Badass Banker On Wall Street Is A 3rd Generation Marine And Three Time Author
If you know anyone on Wall Street more badass than Owen West, please let us know.
Until then, from what we’ve read, we’re fairly certain that West, a managing director at Goldman Sachs, takes the title in a walk. The former marine …
