|
Feeds |
|
Top stories
|
|
-
Inside JPMorgan's $2 billion loss-making CIO division
As JPMorgan's losses in credit derivatives are revealed, Euromoney columnist Jon Macaskill reveals just how the CIO division worked and the positions it took - and warns that other houses on Wall Street could try to make their rivals' losses worse.
-
JPMorgan?s CIO: Black jeans and the black art of hedging
Media coverage of the staff in JPMorgan?s chief investment office turned up nuggets that ranged from the banal (credit derivatives trader Bruno Iksil has a penchant for wearing black jeans) to the comical (London head Achilles Macris had a picture of a missile on his apartment wall, in brave defiance of stereotypical assumptions about dealers).
-
Buy JPMorgan stock, say banks
Brokers are still bullish on JPMorgan's stock, despite its shock $2 billion trading loss, underscoring how the derivatives saga is unlikely to serve as a blow to the bank's profitability. But its reputational and regulatory impact could be considerable, analysts conclude.
|
|
Feeds