Jamie Dimon, the chief executive of JPMorgan Chase, during a hearing on Capitol Hill about financial markets, in Washington, April 3, 2008.Doug Mills/New York Times
Can't-miss stories from the web
Who were those masked traders?
JPMorgan Chase & Co.'s internal report on its London Whale trading losses says quite a bit, but is more interesting for its omissions, says Bloomberg's Jonathan Weil.
Nowhere will you find the Whale's actual name (Bruno Iksil) or the names of almost anyone else from JPMorgan's London-based chief investment office, which generated the $6-billion loss.
Mr. Weil notes that reading the report "seemed like watching a movie where the characters are screaming and throwing office supplies at each other, except they are wearing brown paper bags over their heads and their voices have been electronically altered so you can't tell who anybody is."
RIM sale under the microscope
Any sale of Research In Motion Ltd.'s handset business to a foreign buyer will likely face scrutiny from Industry Minister Christian Paradis.
Investment banks reject ring-fencing units
"You solve a problem that does not exist and you create a lot of new ones," says Deutsche Bank co-chief executive Anshu Jain.
Lance Armstrong's new brand
Bernie Madoff on a bike.
Phil Mickelson should probably fire his financial advisor
The world's second-ranked all-time winning golfer has announced his displeasure with rising tax rates. Here are five easy options for him to minimize his taxes and maximize his investing returns.
Hedge funds flock to gas
Thanks to the current cold spell, net-long positions increased by 27 per cent in the week ended Jan. 15, the biggest weekly percentage gain since October 2.
Loeb shorts Nu Skin
After going long on fellow multilevel-marketing firm Herbalife, Dan Loeb's Third Point hedge fund took a "sizable short position" in Nu Skin.
Barclays prepares to lower the boom
Britain's second-largest bank is consulting with 9,000 U.K. employees as it prepares to eliminate jobs at its investment bank.
(Jody White is the Web Editor for Streetwise.)