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June 28, 2012

JPMorgan Chase’s trading losses looking way higher than $2 billion

  • $2 billion the size of JPMorgan Chase's original trading loss which really ticked people off a few weeks ago
  • $9 billion the size of JP Morgan Chase’s potential trading loss, which is a lot more than $2 billion source

» So, um, what happened?! To put it simply, the company has a lot of work to do to unravel the bad investments they made, and while they managed to pull out from the most volatile part, they haven’t gotten out entirely. Remember how angry you were when you found out JPMorgan Chase announced the trading loss? Quadruple that.

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11:08 // 2 years ago
July 18, 2011

The US Treasury is running low on cash

  • 29 companies have more money than the United States Treasury
  • 7 of those companies are based in America source

» The American companies include: Bank of America, JPMorgan Chase, Morgan Stanley, Goldman Sachs, and Freddie Mac. Two of the top three companies on the list are Chinese. On the upside, the Treasury has as much money as Google, so that’s kind of a nice consolation prize.

23:23 // 3 years ago