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HomeJP Morgan: 9B Loss? Is That It? A Hedge? Really?
Posted by Larry Doyle on June 28th, 2012 7:34 AM |
On May 10th, JP Morgan CEO announced that the bank faced a $2 billion loss on a hedge that had gone awry in its Chief Investment Office.
Many analysts and commentators discounted the fact that for an institution of JP Morgan’s size a surprising $2 billion loss, while significant, was not overly significant.
Perhaps they were right. If a $2 billion loss is insignificant, then what about an $8-9 billion loss. Significant yet? (more…)
What Will Happen in Greece, Spain, and the EU?
Posted by Larry Doyle on May 22nd, 2012 5:47 AM |
I love listening to and reading the thoughts of well informed financial pros.
All eyes and ears are justifiably tuned in to developments in Greece, Spain, and throughout the EU. Will Greece leave the EU and precipitate runs on the bank in other European nations? Let’s navigate and get the insights from industry insider, Michael Platt of Bluecrest Capital Management.
Platt has received significant attention in the marketplace recently as one of the traders on the other side of JP Morgan’s losing credit bet. Having ‘harpooned’ JP Morgan’s London whale, Platt offers a wealth of valued perspectives on developments in Europe and on the situation at JP Morgan. He was interviewed recently on Bloomberg. (more…)
