President Barack Obama is heading into the den of private equity tonight with an urgent plea: Please re-elect me. His visit to New York apartment of Tony James, the number two at Blackstone, the world’s largest private equity firm, comes on the...
Read more »Obama Pays His Own Visit to House of Private Equity
Photograph by Everett Collection
James Stewart, Donna Reed, and Thomas Mitchell in 'It's a Wonderful Life.'
A Canadian Banker Washington Could Grow to Love
The last real bank is in Canada. While he’s not specifically referring to JPMorgan and the $2 billion loss that’s the talk of New York and Washington, Edmund Clark at Toronto-Dominion Bank says banks should be “old-fashioned.” “What fundamentally happened...
Read more »Bernie Sanders to Banks: It’s Time to Break Up
Washington’s anti-Wall Street crowd just got really, really lucky. JPMorgan Chase & Co.’s announcement yesterday of a $2 billion trading loss from a steep bet it made is giving congressmen like Senator Bernie Sanders a renewed boost in their crusade against big banks....
Read more »Jamie Dimon With $2 Billion ‘Egg on His Face’
Jamie Dimon, the CEO of JP Morgan Chase and one of the most vocal defenders of the financial industry in Washington, may find himself in a tough spot now. Yesterday he announced the firm had a $2 billion trading loss after...
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