Risky Bank Investments and The U.S. Economy

Risky Bank Investments and The U.S. Economy

Reports of a massive trading blunder at JPMorgan Chase renew debate over new rules for banks. Diane and guests discuss what risky bank investments mean for the U.S. economy and ongoing efforts to impose new regulations for the banking industry.

JP Morgan Chase’s chief technology officer, Ina Drew, retired this morning following last week’s disclosure that recent trading losses would cost the bank at least $2.3 billion. The losses, described by CEO James Dimon as “ a terrible egregious mistake”, have reignited debate over what new rules are needed to limit risk at government insured banks. Please join us to discuss managing risk and too big to fail banks.

Guests

Gregory Zuckerman

reporter, Wall Street Journal

Michael Greenberger

director, Center for Health and Homeland Security at the University of Maryland; former senior regulator, Commodities Futures Trading Commission.

Gretchen Morgenson

Pulitzer Prize-winning business reporter and columnist for The New York Times; co-author of the book, “Reckless Endangerment”

Kathryn Dick

managing director, Promontory Financial Group

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