World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Bank Order Led to Losing Trades
Keywords:
The problems in Chase bank's Investment Office unit were first reported in the WSJ April 5, 2012. Large positions were taken by Mr Michael Iksil, a trader in the London office that ruffled credit markets. Iksil reports to Achilles Macris, head of the European operations of the Investment Office unit, and Macris reports to Ms. Drew. At the time CEO Dimon and other executives reviewed trading positions and made no changes in strategies. After April 13 earnings call losses increased to $200 million a day, and review teams assigned to look into this found errors in the way the hedges were conducted. In early May Chief Risk Officer John Hogan and Europe head Daniel Pinto monitored the situation. The hedges were designed to reduce risk in the eurozone financial crisis, but the complex transactions based on relationships between a number of derivative indexes for investment grade and junk grade corporate bonds in U.S. and Europe worked in ways that led to large losses, and were so complicated that they were poorly understood.
J.P. Morgan Chase $2 billion trading losses in May 2012, the Volcker Rule and Dodd-Frank legislation
04/10/2012
Grouped Articles
Regulatory Headaches Worsen for J.P. Morgan
Wall Street Journal 08/19/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
The Volcker Rule on Bank Risks Approaches Its Final Edits
New York Times 12/03/2013
Regulators Set to Approve Toughened 'Volcker Rule'
Wall Street Journal 12/04/2013
A Hedge or a Bet? Trade Highlights Ambiguity in Volcker Rule
Wall Street Journal 05/12/2012
J.P. Morgan Chase management
06/14/2011
Grouped Articles
J.P. Morgan Faces Another Big Exit
Wall Street Journal 04/28/2013
Wall Street Journal 05/04/2013
J.P. Morgan's Dimon Aims to Stay Put
Wall Street Journal 05/20/2014
Wall Street Journal 06/20/2015
Changes in Chaseâs Top Ranks
New York Times 06/14/2011
Wall Street Journal 10/14/2011
J.P. Morgan Chase strategy
12/16/2011
Grouped Articles
J.P. Morgan, Regulator Near Pact
Wall Street Journal 07/21/2013
J.P. Morgan Shows Why It Pays to Turn Money Away
Wall Street Journal 02/25/2015
J.P. Morgan Posts Record Earnings, But Can Good Times Last?
Wall Street Journal 01/15/2016
Wall Street Journal 12/16/2011
Dimon Can't Dodge Bank Malaise
Wall Street Journal 01/14/2012
Wall Street Journal 04/15/2012
JP Morgan Chase bank CEO Jamie Dimon's views on banking, executive pay and regulation in the U.S.
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
J.P. Morgan Chase performance 2010-2013
04/14/2011
Grouped Articles
J.P. Morgan, Regulator Near Pact
Wall Street Journal 07/21/2013
Regulatory Headaches Worsen for J.P. Morgan
Wall Street Journal 08/19/2013
J.P. Morgan's Earnings Show Few Signs of Market Thaw
Wall Street Journal 04/13/2014
JP Morgan Profit Rises 67%, but Bad Loans Persist
New York Times 04/14/2011
J.P. Morgan Still Chasing Growth
Wall Street Journal 04/14/2011
At J.P. Morgan Chase, Patience Is a Capital Virtue
Wall Street Journal 07/15/2011
Jamie Dimon, CEO of JP Morgan Chase bank
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
A Call for New Blood on the JPMorgan Board
New York Times 05/05/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
Wall Street Journal 05/22/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us