Commodity Trade Mantra

Posts Tagged ‘Jamie Dimon’

IMF Now Ready To Slam The Door On The U.S. And The Dollar

The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency & bring the BRICS into the SDR fold.

The Volcker Rule and You: What’s Your Bank Doing with Your Money?

Its true that the Volcker Rule wouldn’t have prevented the financial crisis. So is your money safer in the bank with the Volcker Rule than without? There’s no concrete answer, but given that the loopholes are big enough to drive Jamie Dimon’s private jet through, I would say no.

What the drop dead date for the Volcker Rule might mean for Gold

Big trading banks traditionally have occupied the short side of the paper gold market. The Volcker Rule which limits banks’ speculative investments (including gold) goes into effect April 1, 2014. There has already been quite a bit of adjustment to bank portfolios & will get interesting as we move ahead.

After the crash of September 2008, the term “too big to fail” became familiar when hundreds of billions of dollars were set aside to bail out BANKS -The nations largest financial institutions. And today, many of the mega-banks that caused the panic of 2008 have now become even larger.

Fed Unveils "Self-Regulated" Volcker Rule

Federal Reserve extends Volcker Rule compliance period to July 2015 from July 2014 – Volcker Rule bans banks from owning and sponsoring “covered” hedge funds and private equity funds – Regulators.

The Tragic Truth Behind A Guilty Bank (JPMorgan) Paying A $13 Billion Fine

To JPMorgan Chase, paying $13 billion is nothing more than a “licensing fee.” So what if it’s far and away the largest penalty ever paid to settle a civil investigation? – It doesn’t matter that these big banks are criminal enterprises. The only thing that matters is that they pay their licensing fees.

JPMorgan Urged to Pay More in Mortgage Deal

After JPMorgan raised its total offer to $11 billion, the disparity in negotiating positions narrowed significantly – And the size of the fine is not the central negotiating point for JPM. JPMorgan is focused on using the pact to resolve many investigations it faces.

JPMorgan's Mortgage Settlement May Reach $20 Billion

Ironically, it may be the sins from JPMorgan’s pre-crisis legacy closet that will come back to haunt it most painfully, and result in a fine or settlement that could make the London Whale damages seem like lunch money – Expensed to an account of course.

U.S. Justice Department Preparing To Sue JPMorgan

The U.S. Justice Department is preparing to sue JPMorgan Chase & Co (JPM) over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank’s legal troubles are not yet over.

JPMorgan Caught in Swirl of Regulatory Woes

Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one […]

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