economicdiscourse.com - 4/17/2009
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Trouble brewing in commercial real estate? General Growth Properties files for bankruptcy…Here are some quick stats:
Financial Highlights(In USD as of 12/31/2008)
Total Revenue
3,361,525,000
Operating Income
1,228,571,000
Net Income
26,260,000
Total ...
Interview With the Ghost of JP Morgan
thereformedbroker.com 2/24/2009 — Last night, I was working late in my office in the Helmsley Building, blocks away from the old JP Morgan Library on Madison Ave. A stiff wind blew through the window and before I knew it, I was face to face with the Ghost of J. Pierpont ...
The King Report: Looking at JP Morgan Earnings
ritholtz.com 10/17/2009 —
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JP Morgan reported better than expected earnings due to fixed income revenue jumping to a record $5B (vs. -$3.6B). Earnings are $3.59B. Once again the usual suspects hailed JPM’s “fortess-like balance sheet”. Few on The Street or in ...
JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%
nakedcapitalism.com 5/28/2009 —
Folks, 24% is a simply breathtaking number for credit card losses, and JP Morgan is saying that is what it may see on its WaMu portfolio. Even keeling-over-and-dying Advanta is up to only 20% losses. Jamie Dimon, JPMorgan Chase chief executive, ...
FT.com / Weekend / Reportage - Genesis of the debt disaster
ft.com 5/2/2009 — illustration of dominoes depicting the role of JP Morgan in the financial crisis In the 1990s, a young team at Wall Street investment bank JP Morgan pioneered a new way of making money – credit derivatives. Within a decade, the market for these exotic ...
JP Morgan strategist joins ministry forex unit
search.japantimes.co.jp 3/17/2009 — A JP Morgan strategist has joined the Finance Ministry to help manage Japan's $1 trillion in foreign-exchange reserves — the first official from the private sector recruited for that purpose, the ministry said.
Akihiko Yokoyama, 40, formerly headed up fixed-income research at JP Morgan ...
JP Morgan: "High Frequency Predator Traders Feast Upon The Signals Of Others"
hf-implode.com 7/12/2009 — " hen JP Morgan discusses high frequency trading, people listen. When the head of JP Morgan's algorithmic product desk Carl Carries says that high frequency trading is merely a form of parastic market making, people should run for the hills (not in the least due to JP Morgan's proficiency in ...
JP Morgan's Jamie Dimon (video)
valueplays.blogspot.com 3/12/2009 — JP Morgan's (JPM) CEO talks about banking, mark-to-market accounting, compensation and regulation.
The speech:
Dimon is right when he talks about mark-to-market accounting. It is a good idea taken to the extreme and that always ends up being a bad idea. It's ...