Seeming endless bank scandal have made people start to question the credibility of CEOs everywhere.
JPMorgan
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Money Talking: Could Dodd-Frank Fix the Financial Sector?
On this week’s edition of WNYC’s Money Talking, Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether the Dodd-Frank financial reform law would have prevented the financial snafus that have plagued the banking sector recently.
Facebook Banker Morgan Stanley ‘Likes’ — But Doesn’t Love — FB Stock
Analysts at Facebook’s lead underwriter, Morgan Stanley, have set a price target of $38 on newly-public Facebook’s stock — just weeks after the Wall Street giant’s investment bankers took the social network public at that price. …
After Facebook Debacle, Can Investors Trust the IPO Process?
It’s been over a month since Facebook’s troubled initial public offering, and the fallout continues to reverberate from Wall Street to Capitol Hill. Angry shareholders have filed over 40 lawsuits against Facebook, its …
Conflicts at the Regional Fed Banks Go Way Beyond Jamie Dimon
Some heavy-hitters are lobbying to get JPMorgan CEO Jamie Dimon to give up his seat on the board of the New York Federal Reserve. And he should — Dimon clearly wasn’t paying attention to the ABCs of banking risk. But if Dimon …
Who’s to Blame for the Facebook IPO Debacle? Federal Court May Decide
Technical errors caused by the Nasdaq stock exchange helped push down Facebook shares in early trading, the social networking giant suggested in a legal filing late Friday, turning what should have been a triumphant moment for …
Dimon Hearing Reveals Lingering Questions About the Health of the Financial System
JPMorgan Chase CEO Jamie Dimon withstood a barrage of verbal flak yesterday in the Senate Banking Committee hearing which sought to investigate the over $2 billion trading loss that his bank suffered this spring. But the …
Wednesday at 10:00 a.m.: The Public Whipping of Jamie Dimon
It’s one of the few things Congress is demonstrably good at these days: the open flagellation of American businessmen. The unprecedented sums of money doled out by Congress to private industry since 2008 has given Congress the …
Chasing Chase: The Difference Between Bank Robbers and Bank Bunglers
Why is everyone getting so outraged about JPMorgan Chase losing two billion bucks? It’s a bank. Isn’t losing money what modern banking is all about—you take in deposits from normal folk and then invest those hard earned …
Is the Fed to Blame for JPMorgan’s $2 Billion Blowup?
The JPMorgan $2 billion-trading-loss story is nearly a week old, and the news has predictably gone through the various spin cycles of the political right and left. Initially, progressives pounced on the loss as reason to …
Facebook Wants to Connect with You After All
Facebook is connecting with Mom and Pop. The world’s most popular social media site has added an online trading firm to group of firms underwriting its IPO — and is serving up a video for potential investors that might well have …
Big Banks Accused of Manipulating Key Interest Rates
Just what banking industry needs – another scandal. The Wall Street Journal reported this morning that Canada’s Competition Bureau is investigating several multinational banks regarding allegations that traders attempted to manipulate a key benchmark interest rate that is used to set prices on a wide array of financial products from …
