DealBook: How Bank Handles Bad Bet Is Fraught With Peril

As was reported in the previously presented Cypriot Debt Sustainability Analysis, which among other things had this stunner inside of it, things in Cyprus have gone from bad to worse in the brief span of a month.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon sought to hide escalating trading losses that surpassed US$6.2 billion, misled investors and dodged regulators as a “monstrous” derivatives bet deteriorated last year, a Senate probe found.

By Trefis: Macro headwinds, the demand-supply mismatch, increasing competition and a consequent decline in memory product prices has put pressure on Micron Technology's (MU) top line growth. In addition to persistent weakness in the memory market, the temporary internal operation disruptions witnessed by the company last quarter led to a 12% annual decline in its revenue.

By Trefis: Macro headwinds, the demand-supply mismatch, increasing competition and a consequent decline in memory product prices has put pressure on Micron Technology's (MU) top line growth. In addition to persistent weakness in the memory market, the temporary internal operation disruptions witnessed by the company last quarter led to a 12% annual decline in its revenue.

The board of JPMorgan Chase voted Tuesday to release an internal report detailing the bad bet -- and related management missteps -- that cost the nation's largest bank more than $6 billion, according to several people familiar with the matter.

By Saj Karsan: Rising gross margins are almost always cheered by market price action, but a myopic focus on this figure can get a company and its investors stuck in a short-term mentality. Yes, increasing gross margins can signify pricing power or cost advantages, but higher prices and lower costs can also make short-term profits look good while actually hurting the business in the long run.

THE New York Times has a piece today tracking the latest dynamic in European bond markets, in which the European Central Bank buys the debt of troubled countries in an effort to convince traders there's no money to be made betting against those countries. And yet the traders keep on betting against those countries!