Jamie Dimon

Tyler Durden's picture

"Timmy" Geithner Gets Loan From Jamie Dimon For PE Investment





“You are in a position to make 20 percent to 30 percent on your position in the fund. Why wouldn’t you buy in at Libor-plus to leverage that up?”

 
Tyler Durden's picture

The Institutionalized Looting Of America





The US has been in a cycle of bubbles, busts, and crashes since at least 1995, and more likely since Alan Greenspan became the Chairman of the Federal Reserve in August, 1987. It has become a machine for transferring income, wealth, ownership, and power to the very top. This is not 'the new normal.'  This is financial corruption and the erosion of systemic integrity.

 
Tyler Durden's picture

Frontrunning: January 22





  • Stocks, oil soar as Draghi the dove tames global bears (Reuters)
  • Massive snowstorm poised to wallop U.S. East Coast (Reuters)
  • Oil Rises in Biggest Rally Since August Amid Volatility Surge (BBG)
  • Nikkei spikes more than 900 points after rebounds overseas (Japan Times)
  • China's Working-Age Population Sees Biggest-Ever Decline  (WSJ)
  • Oil Is `Trade of the Year' for Citigroup After Iran Export Surge (BBG)
  • U.S. Payment of $1.7 Billion to Iran Raises Questions of Ransom (WSJ)
 
Tyler Durden's picture

Exclusive: Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears





The Dallas Fed met with the banks a week ago and effectively suspended mark-to-market on energy debts and as a result no impairments are being written down. Furthermore, as we reported earlier this week when first nothing the rumor, the Fed indicated "under the table" that banks were to work with the energy companies on delivering without a markdown on worry that a backstop, or bail-in, was needed after reviewing loan losses would exceed the current tier 1 capital tranches.

 
Tyler Durden's picture

JPMorgan Just Did Something It Has Not Done In 6 Years





When skimming through the company's loan loss reserve disclosure, we found that in Q4 JPM did something it hasn't done in 6 years: for the first time in 22 quarters, or since March 2010, JPM actually increased its loan loss provisions by $89 million, instead of reducing these.

 
Tyler Durden's picture

JPM Earnings Rebound On Big Drop In Compensation Expense; Dimon Notes "Some Stress In Energy"





There were four things we mostly cared about in today's JPM earnings release, the first Wall Street bank to report Q4 results:i) how did the company's fixed income and equity trading revenue do; ii)what is the bank's credit exposure to energy/oil;iii) did the recent Fed hike do anything to boost the company's Net Interest Margin (this has been the primary catalyst for bank share upside), and iv) did JPM halt its practice of releasing reserves and start building reserves - a major inflection point when it comes to management expectations for future credit quality deterioration.

 
Gold Standard Institute's picture

Open Letter to the Banks





Jamie Dimon, JP Morgan Chase
Brian T. Moynihan, Bank of America
Michael Corbat, Citigroup

I am writing to you to warn you about the disruption that is about to occur in banking.

 
Tyler Durden's picture

Bernie Sanders: We Need A "Full And Independent Audit" Of The Federal Reserve





"Unfortunately, an institution that was created to serve all Americans has been hijacked by the very bankers it regulates.” 2016 Democratic presidential candidate and Senator from Vermont Bernie Sanders said in an op-ed on Wednesday that a full independent audit of the Federal Reserve is necessary “to reign in Wall Street."

 
Reggie Middleton's picture

In High Stakes Game of the Future of Finance, Reggie Middleton Challenges Goldman Sachs Patent Filing With Ease





Year end 2015, we go from Ponzi scheme to failure to the thing every major global bank desires. The dilemma is, the ingenuity to excel in this space lies in scrappy young startups, not trillion dollar mega banks. Let me prove this to you, step by prior art step.

 
Reggie Middleton's picture

JP Morgan & Morgan Stanley Have Their CEOs on the Board of the NY Fed: Regulatory Capture & How to Neutralize It





Is having the CEOs of two of the largest, most powerful banks sit on the board of their own regulator literally worse than putting a fox in charge of the hen house? Here's why the name "Morgan" get's you a regulator board seat and what regular people can do about it.

 
Tyler Durden's picture

Secret "Diaries" Show ECB Board Members Met With Banks, Hedge Funds "Days" Before Policy Meetings





As FT reports, "some of the European Central Bank’s top decision-makers met banks and asset managers days before major policy decisions, and on one occasion just hours before, copies of their diaries reveal."

 
Reggie Middleton's picture

Regulatory Capture, The True Definition of Money & A World Without Banks





In this symposium I literally challenge the audience (of mostly bankers) to tell me what use would the world have for banks in a Blockchain connected world. The response?............... 

 
Tyler Durden's picture

"The Bankers Have Gone Through This Before. They Know How It Ends, And It’s Not Pretty"





Oil companies have sold $61.5 billion in stocks and bonds since January as oil prices have tumbled. However, the fees geneated are a tiny fraction of the bank's real exposure to the energy sector, at over $150 billion. So have the banks learned their lesson?  "The bankers have gone through this before,” says Oscar Gruss’s Meyer. “They know how it works out in the end, and it’s not pretty." Then again, perhaps banks are just sailing on an ocean of liquidity allowing them to postpone the day of Mark to Market reckoning, especially since this time, everyone is in it together....

 
Tyler Durden's picture

US Retail Sales Tumble Most Since January, Signal Sustained Recessionary Environment





Retail Sales (ex Auts) dropped 0.3% in September, the 2nd drop in a row, the biggest drop since January (at the heart of the weather-driven economic weakness). For the first time since February, the 'Control Group' Retail Sales dropped (down 0.1% vs +0.3% expectations) as sales dropped in 7 of 13 categories (but notably autos rose significantly but was offset by a collapse in gas station spending). Notably 27 out of 27 'experts' agreed that the control group sales data woul dnot be negative.. wrong! Year-over-year data shows sustained stagnant growth in retail sales historically aligned with a recessionary environment.

 
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