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May 11, 2012 Afternoon Update |
TOP NEWSDealBook$2 Billion Loss at JPMorgan Spurs S.E.C. InvestigationBy BEN PROTESS and SUSANNE CRAIGRegulators are looking into potential civil violations surrounding the loss that JPMorgan Chase disclosed on Thursday, raising further questions about the trading activities at the nation's biggest bank. Bank Regulations Gain Fresh SupportBy JOHN H. CUSHMAN Jr. and EDWARD WYATTLeading members of Congress demanded that federal regulators strengthen proposed banking rules in the wake of JPMorgan Chase's disclosures of trading losses. Addiction Diagnoses May Rise Under Guideline ChangesBy IAN URBINARevisions to a major psychiatric manual would expand recognized addiction symptoms, which could pose huge consequences for insurers and taxpayers. Common SenseGay Marriage Bans May Come at a PriceBy JAMES B. STEWARTAs North Carolina voters approved a ban on same-sex marriage this week, executives and business professors were silent on the issue; some say the state may regret the outcome. Catering to Caviar Tastes From an Unexpected PlaceBy CHOE SANG-HUNAn entrepreneur's plans to produce caviar in South Korea have finally come to fruition, 15 years after he imported 200 sturgeon from Russia. |
ArtsOpinion |
BUSINESSDealBookAfter JPMorgan Trading Debacle, a Chorus of CriticismBy KEVIN ROOSESince disclosing a $2 billion trading loss, Jamie Dimon, the bank's chief, has been getting flayed for having been a vocal opponent of the regulatory reform while overseeing risky trades. Stocks Turn Around, Despite Trading LossBy CHRISTINE HAUSERStocks edged ahead on Wall Street, although the financial sector declined in the wake of huge losses at JPMorgan Chase on trading bets gone wrong. DealBookA Shock From JPMorgan Is New Fodder for ReformersBy NELSON D. SCHWARTZJPMorgan Chase's $2 billion trading loss could aid supporters of tighter industry regulation as they fight a last-ditch battle with the banks over new federal rules. DealBookOthers in the Spotlight After JPMorgan's Big Trading LossBy MICHAEL J. DE LA MERCEDAmid JPMorgan Chase's $2 billion trading loss at its chief investment office, DealBook highlights some executives who may face additional scrutiny from the embarrassing incident. European Warning Over Spanish DeficitBy JAMES KANTER AND RAPHAEL MINDERAs Spain took steps to shore up its banking sector, the European Commission warned the government was likely to miss its deficit-reduction targets for this year and next. |
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