JPMorgan Chase (JPM) lost $17.5 billion this week. It all springs from a bad trade that’s still going bad — to the tune of $2 billion and potentially $3 billion. But then there’s the 9.3% plunge in JPMorgan’s market capitalization — adding another $14.5 b
In trying to understand the complex causes of this year’s wave of unrest across the Arab world, people sometimes ask whether the real drivers were economic, rather than political. After all, food prices have been rising sharply: in January this year, when
As we rode from Ikoyi towards 3rd Mainland Bridge, a friend remarked that this area looks like Washington, DC. Yes, it looks like the area outside of Washington, DC, leading into Crystal City, Virginia.
Banks' lending business is usually strongly linked to collateral established to secure counterparties' obligations. Recent volatility in the economic climate has triggered a large number of margin calls and highlighted certain factors that should be taken