JPMorgan Chase & Co. (JPM) was pressed by U.S. regulators to strengthen investor disclosures on proprietary trading almost a year before a wrong-way bet on credit derivatives cost the bank at least $6.2 billion.
The Securities and Exchange Commission asked Chief Financial Officer Douglas Braunstein to provide information about the bankâ€™s so-called principal transactions revenue and proprietary trading, according to letters between the agency and the company from June 15 of last year through Feb. 17 that were made public yesterday. Proprietary trading, in which banks make bets with their own money, would be restricted under a Dodd- Frank Act provision known as the Volcker rule.
- 1Margin Call And Stop Out level Difference | Top Forex Brokers
- 1MetaTrader 4 And MetaTrader 5 Major Difference | Top Forex Brokers
- 1U.S. Said to Warn Money Managers of More Russia Sanctions
- 1Dollar Heads for Weekly Gain as Data Support Pace of Fed Taper
- 1Swipe these credit card deals while they last
- 1Compensation battle rages four years after BP's U.S. oil spill
- 3Difference Of Market Execution And Instant execution In MT4 | Top Forex Brokers
- 4â€˜I Think Iâ€™m Going to Die,â€™ Student on Korean Ferry Phoned
- 4Ukraine Crisis Deepens as Putin Invokes 'Right' to Invade
- 4U.S. Stocks Decline as Google, IBM Sales Disappoint
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar ecb economy economy news eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news forex trading fx gbp/usd gold greece imf japan nfp obama oil pound spain stock stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen