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May 21, 2012

More trouble on the horizon for JPMorgan Chase

  • last week A $2 billion trading loss, amid word the JPMorgan Chase pushed for a loosening of Dodd-Frank, led to the firing of Chief Investment Officer Ina Drew. The company also announced that Chief Executive Officer Jamie Dimon would testify before Congress.
  • this week The Commodity Futures Trading Commission is starting an investigation, too. Chairman Gary Gensler confirmed the existence of an “investigation related to credit derivative products,” at a Financial Industry Regulatory Authority conference.  source

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16:03 // 2 years ago