Posts Tagged ‘investment’

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How JPMorgan Lost $2 Billion Without Really Trying

The $2 billion trading loss that JPMorgan Chase ( JPM ) announced in a hastily scheduled conference call on May 10 has its roots in credit-default swaps, the same derivatives that helped trigger the financial crisis—only this time there were no mortgages involved. The bank has launched an internal investigation, regulators are swarming, and the Department of Justice has said it is pursuing a criminal probe. The bank has not yet released details of the money-losing trades

Published by on May 17th, 2012 at 05:05 pm
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DealBook: JPMorgan’s Trading Loss Is Said to Rise at Least 50%

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.

Published by on May 16th, 2012 at 08:05 pm

UPDATE 1-Olam tumbles to 3-yr low, analysts to slash estimates

Tue May 15, 2012 11:27pm EDT * Q3 net profit falls 22.5 pct to S$98.7 million * Says industrials segment to weigh on earnings * Consensus estimates may be cut by 10-15 pct – Nomura * Shares fall as much as 9.5 pct in heavy volume (Adds analyst comments) By Charmian Kok SINGAPORE, May 16 (Reuters) – Shares in Olam International Ltd tumbled 9.5 percent as analysts warned of cuts to full-year estimates after the commodity trader reported disappointing earnings and flagged a weak outlook.

Published by on May 15th, 2012 at 08:05 pm

US Dollar Targets Fresh Highs as Volatility Surges

The US Dollar (ticker: USDOLLAR ) trades to fresh highs against the Euro and other forex counterparts, and high volatility expectations suggest the USD may continue to hit fresh highs (EURUSD lows). DailyFX Individual Currency Pair Conditions and Trading Strategy Bias DailyFX PLUS System Trading Signals – The US Dollar (ticker: USDOLLAR ) has broken sharply higher against the Euro and other key counterparts, and the Dow Jones FXCM Dollar Index is currently challenging significant long-term trendline resistance

Published by on May 15th, 2012 at 09:05 am

How Did the Original J.P. Morgan Do It?

The United States emerged as the world’s leading industrial nation between the Civil War and the First World War. The towering heights of American capital were dominated by a handful of investment banks, with the most prestigious firm being J.P. Morgan & Co.

Published by on May 15th, 2012 at 03:05 am
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