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JPMorgan sued over employee retirement plan losses

Published on May 23, 2012 By admin

The following article is brought to you by Jonathan Stempel at Reuters.Com. May 22 (Reuters) – JPMorgan Chase & Co has been hit with a lawsuit brought on behalf of employees whose retirement holdings fell in value after the largest U.S. bank revealed a surprise $2 billion trading loss earlier this month. The complaint, filed […]

Financial-Reform Group: JPM Clearly Was Not Hedging

Published on May 23, 2012 By admin

The following article is brought to you by Joe Adler at BankInvestmentConsultant.Com. WASHINGTON — The big question following JPMorgan Chase & Co.’s now-notorious derivative trade is whether it would have been permitted under the so-called ‘Volcker Rule.’ But the answer is clear cut to an advocacy group that has led calls for regulatory restrictions after […]

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

Published on February 20, 2012 By admin

The following article is brought to you by David Paul at HuffingtonPost.Com. This week, four years after the collapse of Bear Stearns, the two hedge fund managers who helped bring about its demise, Ralph Cioffi and Matthew Tannin, agreed to pay $1 million to settle a civil suit brought by the Securities and Exchange Commission. […]