Latest Breaking News On - Duncan richardson - Page 1 : vimarsana.com

erika miller has a closer look at the potential fallout for j.p. morgan. reporter: j.p. morgan s $2 billion trading loss may bring back memories of the 2008 financial crisis. but this time, most analysts think the damage will be contained. the situation today is quite different than 2008, when most big banks were massively overleveraged and had far less reserves. for that reason, there s less risk to the banking system. let s be clear: a $2 billion loss is nothing to sneeze at, but it s less than 1% of last year s pre-tax profit. so the embarrassment will likely last longer than the damage to its balance sheet. it s a financial hit and it s a reputational hit. the financial hit is about $2 billion and the reputational hit may linger for years. reporter: j.p. morgan stock got slammed today. and its rivals citigroup, morgan stanley, and goldman sachs also fell sharply. investors are worried about what other banks are doing in terms of their hedging strategies. they re g

New-york
United-states
Boston
Massachusetts
Rockdale
Illinois
Washington
District-of-columbia
Greece
Chicago
Americans
America