Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > Business > News Summary: JPMorgan loss seen raising questions
Open news article

News Summary: JPMorgan loss seen raising questions

SeattlePI.com
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 This material may not be published, broadcast, rewritten or redistributed.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.
0
shares
Share on FacebookShare on Twitter Comment
 
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

You Might Like


Other recent news in Business

Facebook Profits Triple As APPLE Sales JumpBiz Break: Apple, FACEBOOK and Zynga make big changes
Apple's iPad SALES Tank In The First Quarter As iPhone SALES SurgeApple astounds investors with 7-1 STOCK SPLIT, unexpected sales increase overseas
Stocks Slide as UKRAINE Fears Overshadow Apple EarningsApple Should Assume It Will Never Win Over WALL STREET, Instead Of Trying To
As Facebook reaches half the INTERNET, can it continue to grow?Facebook first-quarter revenue grows 72 percent on rising mobile ads
The Founder Of RUSSIA's Version Of Facebook Flees RUSSIARegulators pave way for Internet "fast lane" with NET NEUTRALITY rules

Twitter


Comments

comments powered by Disqus

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2014 One News Page Ltd. All Rights Reserved.  |  About us  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
One News Page - Top Headlines RSS Feed RSS  |  News for my Website  |  Free news search widget  |  Advertise  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |  One News Page on Facebook LIKE us on Facebook  One News Page on Twitter FOLLOW us on Twitter  One News Page on Google+ FIND us on Google+



Bullet: One News Page official news app for iPhone Bullet: Our news app for iPhone
-