NEW YORK (Reuters) - JPMorgan Chase & Co's disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the financial health of blue-chip U.S. companies.
JPMorgan Chase & Co's disastrous bets on corporate debt may have caused unexpected collateral damage: erratic behavior in a barometer that measures the financial health of blue-chip U.S. companies. Those ...
By Lauren Tara LaCapra and Douwe Miedema (Reuters) - In March, as U.S. bank regulators were framing a new rule that would affect the $630 trillion derivatives market, JPMorgan Chase & Co sent five bankers from New York and London to Washington to raise some fine points about the impact of the financial reform. In a jargon-laden, 23-slide presentation, the JPMorgan bankers walked regulators through the complexities of how their decisions would affect the arcane market, according to documents and a person familiar with the meeting. On July 2, the U.S. Federal Reserve released the final rule. ...
Spain's prime minister, Mariano Rajoy, has finally admitted three things I have been saying for a long time
Spain's regions were in deep fiscal trouble if not bankrupt
Spain could not possibly hit its deficit targets for 2012
It is mathematically impossible for Spain to meet deficit goals without raising taxes, no matter how much he insisted otherwise.
NEW YORK (Reuters) - When federal regulators proposed a six-month penalty on JPMorgan Chase & Co's electricity trading arm last month, they took aim at what is now a rare sight on Wall Street: a large and growing power sales business.