On Friday, the United States senate subcommittee hearings will be held, to discuss its findings of jpmorgan chase's notorious "the London whale" trade. Many on Wall Street, the United States senate, "beating a dead whale," former executive Sally as bank of America, told bloomberg.
However, "is this whale [London] trade. It is about the supervision and internal control," counters josh - Ross, managing director of graham fisher and co-author recklessly endangered subsidiary. "And the internal control problem [and] lack of oversight can turn into big losses to the shareholders."
Shareholders will forgive feel as if they had had enough after Revelations of trade broke last spring, jpmorgan shares fell about 33%, shaving off the company's market value of about $5.1 billion. Jpmorgan chase shares have since the compensation for the losses, and then some, but the company has lost $6.2 billion m, the reputation of the business to date and accuracy, and CEO James dimon (Jamie Dimo n), is quite serious.
, rose, don't see much of jpmorgan chase stock short-term risk, because of the trade. But on Friday the senate hearing was "important to understand the scale of these institutions and how difficult and complicated, it is to manage them," he said. "I would say that Damon is a great coach, but it is impossible to the scale of the agency."
Anyhow, Ross, see the rising "political risk" big bank is on the rise, we can discuss further in the second part of this interview.
J.p. Morgan chase & co. (JPMorgan), especially, a new report entitled were controlled by Ross, he thinks, in essence, the best, the strongest Banks j.p. Morgan's reputation, whether to prove the fact.
In addition, he said, the company has started to look a bit like another once considered "too big to fail" institutions: the federal mortgage association.
"I don't suggest they will fail, such as fannie mae, but they can use their power and influence, in order to prevent the [policy] action seems eerily reminiscent of fannie mae, Ross said."
 
 



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