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News Summary: JPMorgan loss seen raising questions

Wednesday, 16 May 2012

News Summary: JPMorgan loss seen raising questions
Associated Press
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Published 03:31 p.m., Wednesday, May 16, 2012

BIG JPMORGAN LOSS CITED: A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control risks. Republican lawmakers reject Democrats' calls for stricter oversight of Wall Street. WRESTLING WITH REGULATION: Rep. Shelley Moore Capito, R-W.Va., chairman of a House Financial Services subcommittee, noted the trading loss during a hearing about how best to regulate big banks that could bring down the broader financial system. NOT ONE-SIZE-FITS-ALL: Lawmakers said a firm's characteristics should count when regulators determine if they are "systemically important financial institutions" and decide on stricter requirements for them.
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Source: Bloomberg - on May 11, 2012

News video: JPMorgan Loss, Financial Stocks, Investing

JPMorgan Loss, Financial Stocks, Investing

May 11 (Bloomberg) -- Margie Patel, senior portfolio manager at Wells Capital Management, talks about JPMorgan Chase & Co.'s $2 billion trading loss, financial stocks and investment strategy. She speaks with Tom Keene on Bloomberg Television's &am

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