JPMorgan Trading Loss Shows Danger In Bank Size -Volcker

Reuters – June 7, 2012

NEW YORK, June 7 (Reuters) – Former Federal Reserve Chairman Paul Volcker said JPMorgan Chase’s recent multibillion-dollar trading loss may show that the nation’s largest banks are too big to manage.

Former Chairman of the Federal Reserve Paul Volcker; Photo: Reuters/Lucas Jackson

JPMorgan revealed last month that its London office had executed a failed hedging strategy that has so far produced at least $2 billion in trading losses.

The news has rattled Wall Street and Washington and raised questions about whether banks are still taking too many risks following the 2007-2009 financial crisis.

To read the full article please click here.

Advertisements
This entry was posted in Articles, Business, Finance, Practitioners, U.S. Economy and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s