Make these ads go away.
+ Reply to Thread
Results 1 to 5 of 5

Thread: J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.

  1. #1
    Banned
    is New year ... Same Jj.
     
    I am:
    Happy
     

    Join Date
    Jan 2008
    Posts
    6,602
    Local Date
    12-15-2018
    Local Time
    12:36 AM
    Points
    32,926
    Gifts Balloons Cocktail Heart Balloons Paintbrush Beer Gift

    J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.

    I mean this is like close to a billion dollars!

    So I have a few questions:

    Firstly: Where do these droids get this type of money from to pay a fine like this?

    Secondly: If they have money like this on hand ... why do they have it?

  2. #2
    Senior Member
    is .
     
    I am:
    Happy
     
    Bryn Mawr's Avatar
    Join Date
    Feb 2006
    Location
    London
    Posts
    15,333
    Local Date
    12-14-2018
    Local Time
    10:36 PM
    Points
    23,316
    Gifts Balloons Car Gift Naughty Mag Certificate Beer Beer

    Re: J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.

    Quote Originally Posted by jones jones View Post
    I mean this is like close to a billion dollars!

    So I have a few questions:

    Firstly: Where do these droids get this type of money from to pay a fine like this?

    Secondly: If they have money like this on hand ... why do they have it?
    For JPM that represents a half of one percent of their nett capital value - it's a big company.

    The Basle II agreement sets a minimum level of capitalization that each bank must hold in reserve - for someone like JPM that would be about four percent.

  3. #3
    Banned
    is New year ... Same Jj.
     
    I am:
    Happy
     

    Join Date
    Jan 2008
    Posts
    6,602
    Local Date
    12-15-2018
    Local Time
    12:36 AM
    Points
    32,926
    Gifts Balloons Cocktail Heart Balloons Paintbrush Beer Gift

    Re: J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.

    Quote Originally Posted by Bryn Mawr View Post
    For JPM that represents a half of one percent of their nett capital value - it's a big company.

    The Basle II agreement sets a minimum level of capitalization that each bank must hold in reserve - for someone like JPM that would be about four percent.

    No company should have the right to funds like this ...

    I am beginning to think that communism may be the answer ... 'cept I don't know the question.

  4. #4
    Banned
    is New year ... Same Jj.
     
    I am:
    Happy
     

    Join Date
    Jan 2008
    Posts
    6,602
    Local Date
    12-15-2018
    Local Time
    12:36 AM
    Points
    32,926
    Gifts Balloons Cocktail Heart Balloons Paintbrush Beer Gift

    Re: J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.

    And what puzzles me is that when stuff like this happens, its almost always the junior brokers who take a fall. Top management seem immune for some reason and keep on collecting their bonus year after year ...

  5. #5
    Senior Member
    is .
     
    I am:
    Happy
     
    Bryn Mawr's Avatar
    Join Date
    Feb 2006
    Location
    London
    Posts
    15,333
    Local Date
    12-14-2018
    Local Time
    10:36 PM
    Points
    23,316
    Gifts Balloons Car Gift Naughty Mag Certificate Beer Beer

    Re: J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.

    Register to remove this ad.
    Quote Originally Posted by jones jones View Post
    And what puzzles me is that when stuff like this happens, its almost always the junior brokers who take a fall. Top management seem immune for some reason and keep on collecting their bonus year after year ...
    Ask gmc about that - pisses him off something awful

    Actually a few of the bosses have been hit but far too few.

+ Reply to Thread

Similar Threads

  1. Morgan is NOT my baby
    By buttercup in forum General Chit Chat
    Replies: 26
    Last Post: 12-30-2009, 08:09 PM
  2. Should China take over Morgan Stanley?..
    By SuperPowerChina in forum Current Political Events
    Replies: 13
    Last Post: 09-22-2008, 04:44 PM
  3. Does A Woman Jack Of All Trades Scare Men?
    By KARENSVINEYARD in forum Friends, Relationships, & Advice
    Replies: 31
    Last Post: 09-19-2006, 05:25 PM
  4. Woman trades her daughter for a car?!
    By JAB in forum Crimes & Trials
    Replies: 16
    Last Post: 04-13-2005, 09:07 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Optimization by vBSEO 3.5.2