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, warned on Wednesday that loss rates on the ...
The King Report: Looking at JP Morgan Earnings
ritholtz.com 10/17/2009 —
>
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 ...
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 ...
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 ...
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 ...
JPMorgan Conference Call
calculatedriskblog.com 10/14/2009 — Update: see bottom of post for Q&A.; "While we seeing some initial signs of consumer credit stability, we are not certain that this trend will continue." JPMorgan CEO Jamie Dimon, Oct 14, 2009 A few excerpts (ht Brian): CEO Jamie Dimon: “We continue ...
JP Morgan Private Bank sees hedge funds comeback
hf-implode.com 10/7/2009 — " Wealthy clients believe the worst of the crisis is probably over and have started to come back to higher-risk assets such as hedge funds, a top banker at JP Morgan Private Bank (JPM.N: Quote, Profile, Research, Stock Buzz) said on Wednesday."
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 ...
GGP and Leverage, JP Morgan Needs No More Aid, Safe as Reserve Currency
economicdiscourse.com 4/17/2009 — 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 ...
The Strange Allure of Florida Banks —
The Big Money 5/26/2009
You would think a semiobscure failed Florida thrift, hobbled by $10 billion or so of bad assets, wouldn't draw an A-list of potential acquirers. In the case of BankUnited Financial (BKUNA) of Coral Gables, however, you would be wrong. The company ...
The Bankruptcy Parasites —
The Big Money 5/29/2009
The American system of bankruptcy is quite efficient at handling the disappointment of parties to whom much is owed and little may be coming. The bankruptcy code sets up a hierarchy of the unpaid in which any sums of cash given to those highest ...
Hurricane Prudence —
The Big Money 5/31/2009
Insurance specialists tend to be a gloomy lot. After all, their work demands they think of the worst-case scenario every time. But when these professional pessimists start talking about the hurricane season that kicks off Monday , even they get a ...
Follow WallStreetBlips on Twitter
