Wall Street 2012: A Look Back
In a word, “unpredictable” is best used to describe the year on Wall Street. Here’s how the money movers made it happen.
Fiscal Cliff Just One Unfinished Reform
November 14, 2012
The fiscal cliff is front and center on the evening news, but there’s more financial legislation at risk, too.
Dimon Will Testify in Senate on Massive Loss
May 28, 2012
JPMorgan Chase CEO, Jamie Dimon, has agreed to testify in June before the Senate. He’s expected to explain the massive $2 billion loss.
Citigroup Sued Over CDO Losses
May 25, 2012
Citigroup is now on the wrong end of a lawsuit filed by Woori Bank. In it, the goal is to recover losses from the Seoul-based lender’s $95 million investment in debt obligations.
Former GE Bankers Convicted of Muni Bond Bid Scheme
May 21, 2012
3 former General Electric bankers have been found guilty of defrauding several cities and the IRS in a massive rigging scheme involving bids and municipal bonds.
Will JPMorgan Loss Mean More Fed Oversight?
May 18, 2012
Regulators are closely watching for repercussions of the massive $2 billion loss by JPMorgan trading position.