JPMorgan Reports $2 Billion Trading Loss Hurts Bank Shares
JPMorgan Chase disclosed a $2 billion loss in a trading portfolio that manages the bank's own risk, triggering an 8 percent stock drop and stoking regulatory and political scrutiny. CEO Jamie Dimon defended the trades as not covered by the Volcker rule.
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Washington
Jpmorgan Chase
United States
Carl Levin
D-Mich
Securities and Exchange Commission
Mary Schapiro
Jpmorgan
Jamie Dimon
Federal Reserve
Dimon
Michael Greenberger
Commodity Futures Trading Commission
AIG
Greenberger
University of Maryland
Britain
Wall Street
Barclays
Royal Bank of Scotland
Morgan Stanley
Goldman Sachs
Citigroup
AMR backs merger study amid bankruptcy pressure
AMR Corp and creditors will explore potential consolidation scenarios while under Chapter 11 protection. The move signals faster-than-expected activity as US Airways pushes for a takeover. Unions and officials caution against commitments while AMR remains independent for now.
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Dallas
American Airlines
American
AMR Corp
AMR
US Airways
Thomas Horton
Texas
U.S
Beverly K. Goulet
Jamie Horwitz
Transport Workers Union
Standard & Poor's
Bloomberg News
Facebook wraps up IPO road show in Silicon Valley
Facebook Inc concludes its major road show with a Palo Alto luncheon for about 200 prospective investors. Mark Zuckerberg Sheryl Sandberg and David Ebersman led a 10 minute pitch and 35 minute Q A after meetings in New York and Boston as the IPO prices next Thursday and trading starts Friday with an estimated value near 100 billion dollars.
MENTIONED IN THIS ARTICLE
Facebook
Silicon Valley
Palo Alto
Calif
Mark Zuckerberg
Facebook Inc
Crown Plaza
Zuckerberg
New York
Boston
Wal-Mart faces bribe accusations in Mexico amid image push
New York AP reports Wal-Mart, the world's largest retailer, is accused of paying millions in bribes to officials in Mexico as governments in the U.S. and Mexico probe the company. The allegations threaten its ongoing efforts to repair a damaged reputation while stock falls and investors sue.
MENTIONED IN THIS ARTICLE
Wal-Mart
Mexico
U.S
Jonathan Low
Predictive LLC
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Jpmorgan Says
London
Wall Street Journal
Fort Worth
United
Delta
S&p
Jim Corridore
Sky Harbor International
Phoenix
Sheryl Sandberg
David Ebersman
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