Just when the big financial institutions were pushing back on the dreaded Volcker rule, JP Morgan Chase blows up 1% of its capital, a miniscule amount, really. The company (Ticker: JPM) is expected to post $4 billion in earnings in its current fiscal quarter. Still, the timing of the trading snafu couldn’t have come at a worse time. See comments from the CFA Institute, who argue this will help prove the case for the Volcker Rule. My take? The regulators can’t stop stuff like this from happening if Jamie Dimon can’t....
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