Message:

<p>[QUOTE=&quot;doug444, post: 1664226, member: 38849&quot;]from MarketWatch.com, 15 March 2013.</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; &nbsp;&nbsp; WASHINGTON (MarketWatch) — A Senate subcommittee report on Thursday&nbsp; charged J.P. Morgan Chase &amp; Co. with ignoring its own limits on risk&nbsp; taking, manipulating risk models to avoid detection and ignoring&nbsp; warnings from traders as the bank’s CEO, Jamie Dimon, intentionally&nbsp; withheld investment bank profit and loss data from federal regulators.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; </p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The report was commissioned to examine a $6.2 billion credit derivatives&nbsp; trading loss last year at J.P. Morgan’s&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; London investment office. The loss was partly attributed to a trader,&nbsp; Bruno Michel Iksil, dubbed the “London whale” for his large positions in&nbsp; credit derivatives. The report notes that the current status of the&nbsp; losses is unclear because J.P. Morgan dismantled the portfolio late last&nbsp; year, moving some funds to its investment banking unit...[more]</p><p><br /></p><p>==========</p><p>Please add new posts with evidence of fraud, manipulation, and ethical misconduct by banks and financial services organizations.&nbsp; Crimes against YOU, Citizen![/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in