empty
 
 
Obama To Investigate Into JPMorgan Loss
21-05-2012 10:54
Obama To Investigate Into JPMorgan Loss
Obama To Investigate Into JPMorgan Loss

 US president Barack Obama is determined to find out what caused one of the US best banks JPMorgan Chase loss of over two billion dollars in half a month. During a taped interview for ABC's The View, the president said that the huge loss highlighted the need for a Wall Street reform. According to an ABC blog post, even such a large-scale organization as JPMorgan Chase can collapse despite being managed by the leading financiers of America. In this connection, Obama passed a reform on tighter financial services regulation. US president argued that while JPMorgan could withstand the loss, a smaller bank could have been so damaged that it would have required federal aid. President Obama's interview with ABC was broadcast on Tuesday, May 15. On May 10, JPMorgan Chase, the largest bank in the United States by assets and market capitalization, reported a loss of 2.3 bln dollars in roughly six weeks. After this announcement, JPMorgan Chase is expected to accept the resignation of several high-ranking executives.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback