Former JPMorgan Chase trader Bruno Iksil was known as “The London Whale” for his huge trades. But those trades often failed to pay off–last year, he tallied more than $6.2 billion in losses. According to Reuters, on Wednesday federal prosecutors in Manhattan criminally charged two former JPMorgan Chase employees with wire fraud and a conspiracy […]
The building industry may be one of the first to feel relief from the economic crisis. The US stimulus package contains 120 billion dollars allocated to so-called ‘shovel ready infrastructure projects.’ Anchor Lisa Mullins discusses how that funding will impact the industry from Mike Betts, a building analyst for JP Morgan Chase.