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JPMorgan loss could dominate bank overhaul debate

2012-05-17 11:18:43 (читать в оригинале)

JPMorgan loss could dominate bank overhaul debate red bottom shoes The $2 billion trading loss at JPMorgan Chase should feature prominently Wednesday when lawmakers debate how best to regulate banks big enough to bring down the broader financial system.
The House Financial Services subcommittee hearing on a key tenet of the 2010 regulatory overhaul was scheduled well before the nation's biggest bank revealed its trading misfire last week.
Since then, news of the surprise losses at the only major bank to stay profitable during the 2008 financial crisis has renewed calls for stricter oversight of Wall Street banks.
Treasury Secretary Timothy Geithner said Tuesday that JPMorgan's loss bolsters the case for tougher rules.
"I'm very confident that we're going to be able to make sure those come out as tough and effective as they need to be," Geithner said. "And I think this episode helps make the case, frankly."

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