The FT.Com running with this story here
After markets closed tonight, JP Morgan announced a surprise $2bn trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on “errors, sloppiness and bad judgement” and warned “could get worse”.
Unfortunately, banks can now forget about any watering down of the Volcker Rules.
More will become clear tomorrow, more on story here and here
Filed under: CCP, Dodd Frank, OTC, Paul Blank |
SingleDealerPlatforms.Org 
Leave a Reply