May 17 (Bloomberg Law) — Last week JP Morgan Chase acknowledged a trading loss of at least billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director at Tangent Capital Partner, tells Bloomberg Law’s Lee Pacchia that it was actually too much regulation that led to the loss. Jeff Madrick, a Senior Fellow at the Roosevelt Institute, maintains instead that regulators need to clamp down on financial institutions if the dangers of such losses are to be minimized.
Financial shares are among the top gainers at mid-session as favorable results from Portugal’s debt sale helps to drive shares higher. In mid-day news, shares of American International Group Inc. (AIG) are higher amid reports the insurance giant is selling its Taiwan life insurance unit to Taiwan’s Ruen Chen Investment Holdings Ltd. for .16 billion. Meanwhile, Barclays (BCS) ADRs are higher on Barclays Capital plans to cut about 200 jobs in the UK following an internal review, Bloomberg reported, citing sources. Also, JP Morgan Chase (JPM) is higher after CEO James Dimon told CNBC that he “would like” to boost the company’s dividend.
Shanghai – www.BAZHE.com China, Asia Shanghai is the largest city in China in terms of population and one of the largest metropolitan areas in the world, with over 20 million people. Located on China’s central eastern coast at the mouth of the Yangtze River, the city is administered as a municipality of the People’s Republic of China with province-level status. BKBAZHE is a writer, poet, and artist. He is the author of DAMAGES (creative nonfiction) —Winner in the Writers Digest Awards and IDENTITIES (poetry). He is published and exhibited in Europe and America. More info at BK Bazhe Website: www.bazhe.com Amazon Books & Art by BKBazhe astore.amazon.com YouTube Videos by BK Bazhe: www.youtube.com Google Blog by BK Bazhe: bazhe.blogspot.com
A brief and simple explanation of why this crisis was doomed to happen given by someone who, in 1999, wrote “the possible Big Bang that scares me the most is the one that could happen the day those genius bank regulators in Basel, playing Gods, manage to introduce a systemic error in the financial system” and then who, while an Executive Director of the World Bank, 2002-2004, did all he could to warn about the utterly faulty regulatory paradigm that had been adopted by Basel… all to no avail. You can find much more here: www.subprimeregulations.blogspot.com financefordevelopment.blogspot.com baselcommittee.blogspot.com www.theaaa-bomb.blogspot.com
Towering Skills provides professional training to engineers and technical professionals. We teach project management, financial analysis, and business writing. Visit us at www.ToweringSkills.com
Follow us on Twitter: twitter.com TYT Network (new WTF?! channel): www.youtube.com TYT on Facebook: www.facebook.com Check Out TYT Interviews www.youtube.com Watch more at www.theyoungturks.com
This video is the 2nd in a 4-part series that presents the essentials of investment decision-making. Part 2 covers the NPV (net present value) and IRR (internal rate of return).
This video is the 1st in a 4-part series that presents the essentials of investment decision-making. Part 1 covers the Time Value of Money, Cash Flows, and Incremental Analysis.
