JPMorgan fallout: Jamie Dimon couldn’t sleep after seeing the CIO positions! He had a hard time breathing! Mr. Dimon drank vodka, others drank wine and the JPMorgan chief executive officer struggled to fire “sister” Ina Drew. Ms. Drew told executives at an April 9 operating committee meeting that early press reports of the London Whale were Read More
Losses mount: Tack on another $1 billion to the $2 billion-plus in trading losses JPMorgan disclosed a week ago today, says Dealbook, as hedge funds and other investors—knowing that Jamie Dimon’s firm is under pressure to sell out from under the losing bet—continue to prey on the firm’s huge, illiquid position.
Before Bruno Iksil Read More
The European Central Bank stopped monetary operations with some Greek banks today, Reuters reports, the latest bit of bad news for Greece and just about everyone else. Savers have been withdrawing funds from Greek banks at a rate of more than $800 million a day, as the failure by Greek political parties to Read More
The Facebook IPO keeps growing, a new source of irony in JPMorgan’s losses and an old player heads goes in for a fresh helping of mortgage bonds. That and more in today’s Wall Street roundup.
Who needs revenue? The world’s largest social network may yet challenge the record for the world’s largest IPO, as Zuck Read More
