Friday, September 21, 2012

Democratic Senators Will Call For Stronger Rule Against Risky Bank Trades After Investigation Of JP Morgan Chase

Democratic Senators Will Call For Stronger Rule Against Risky Bank Trades After Investigation Of JP Morgan Chase: The Senate panel responsible for probing the $9 billion “London Whale” trading loss that shook JP Morgan Chase earlier this year will release its findings before the end of the year and will call for a stronger Volcker Rule, sources told Bloomberg. The rule is a piece of the 2010 Dodd-Frank financial reform law that [...]/p