JPMorgan

China's plan seems to be to acquire a total of 6,000 tonnes of gold to put its holdings on a par with developed countries and to elevate the international appeal of the renminbi. Meanwhile in the futures market, the basic problem is that…

As always, I have a lot of links on Monday. Three or four stories have dominated the news in each market for the past week. In the US, it is about either JPMorgan Chase's escalating losses, Facebook's IPO or the general aimlessness of the…

I spoke to Paul Waldie and Brian Milner of the Globe & Mail on BNN's headline on Monday. The big story was JPMorgan Chase and the London Whale trades. JPMorgan Chase's CEO Jamie Dimon, as the leading lobbyists for the hands-off…

The big headline today is still JPMorgan Chase and it's huge trading losses. Clearly this is a black eye for JPM but the question goes to what longer term consequences the incident will have.

The FHFA complaints lose explanatory power and persuasiveness because they ignore compensation and accounting. It pays to understand accounting control fraud.

On July 13, 2011 Chairman Bernanke explained: "The reason people hold gold is protection against tail risk, really, really, bad outcomes. To the extent that the last few years have made people more worried about the potential of a major…

Here's the question: Can sovereignty and effective international supervision be reconciled when it comes to complex large financial institutions? Simon Johnson lays out a compelling case that they cannot. As he has said time and again,…

This is from the testimony in the video below: Soldier's wife: I'm dealing with Chase, getting their phone calls, getting their harassment around the clock. My husband Jonathan missed two hours of our daughter's birthday party, because…

Jamie Dimon's 17-minute interview by Maria Bartiromo below was done earlier in the week before JPMorgan Chase released their numbers. The numbers were good, showing quarterly profits of $4.8 billion or $1.12 a share. Dimon expects to resume…

The FDIC is out with its Quarterly Banking Profile for Q1 2010. And despite a rise in the FDIC's 'Problem List of Banks' to 775 in Q1 from 702 at the end of 2009 and 552 in Q3 2009, banks earned a ton of money – more than $18 billion in the…