New York : JPMorgan Chase amp; Cos $2 billion (Dh7.3 billion) trading loss shows that, left unchecked, Wall Street will lead the US economy off a cliff, just like they tried to the last time, AFL-CIO (American Federation of Labour and Congress of Industrial Organisations) President Richard Trumka said. It ...

Fed examining other risks being taken by JPMorgan Reuters | 04:00 AM,May 15,2012 By Jonathan Spicer and Dave Clarke WASHINGTON (Reuters) - The Federal Reserve is examining whether JPMorgan Chase Co is taking risks elsewhere in the bank similar to the botched trading strategy that could cost the bank more than $2 billion, a Fed ...

Sure, blame JP Morgans traders. But dont forget what motivated them to take on extra risk -- the Federal Reserves low interest rate policy has left banks scrambling to make up for lost income on loans. By Cyrus Sanati FORTUNE -- Who is to blame for JP Morgans growing multi-billion dollar trading loss? While it is easy to just fire and ...

Housing has come a long way since the peak of the financial crisis in 2008 and 2009. But has the market bottomed yet? I recently saw someone put that question to US Housing and Urban Development Secretary Sean Donovan at a Bloomberg Washington Summit. Heres what he had to say: My view is that weve reached a turning ...

Business executives and national security leaders are of one mind over the need to improve the security of the computers that control the US power grid, the financial system, water treatment facilities and other elements of critical US infrastructure. But they divide over the question of who bears responsibility for that effort. The ...

Pres. Obama signs Dodd-Frank in July of 2010Everyone with a sufficiently strong constitution to follow the Republican primary campaign and Mitt Romneys sequel is well-versed on the theory that burdensome regulation hangs around the neck of the economy like a millstone. Rick Perry wanted to obliterate so many federal agencies that he ...

Though the Fed - JPMorgans primary regulator - is not supposed to prevent banks from losing money, and JPMorgan remains stable, the shock loss rattled confidence in the financial sector. It also raises questions about how attuned regulators were to the botched derivatives trade. The Fed ramped up the number of ...

Does a $2 billion mistake by JP Morgan Chase show the need for more Wall Street regulation? CNBC's Brian Sullivan discusses. ...

* Robust US farm income drives demand for crop land * A third of bankers surveyed see land values to keep risingCHICAGO May 15 (Reuters) - Surging farmland prices in the US Plains states jumped even higher in the first quarter as strong farm income fueled demand for farmland, the Federal Reserve Bank of Kansas City said on Tuesday.The ...

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