The "London Whale" risky trades involving JPMorgan is not going to spell the end of big American banks, according to Paul Volcker, former chairman of the U.S. Federal Reserve.
In a rare interview, former Fed Chairman Paul Volcker told CNBC his namesake rule has already changed how Wall Street does business, despite delays in crafting the final wording.
One of the world's most experienced financial regulators has warned the government that its planned legislation to protect the public from another banking crash is flawed.
Peter Cook reports on Former Fed Chairman Paul Volcker testifying at the Senate Banking Committee.
Here's a few links to some interesting Bloomberg, Fox Business, The New York Times and Reuters stories currently doing the rounds.
Here's a few links to some interesting Bloomberg, New York Times and Reuters articles currently doing the rounds.
FOX Business Network’s (FBN) Melissa Francis spoke exclusively with JPMorgan CEO Jamie Dimon live from Florida about the company’s expansion and the economic challenges facing the United States today.