TITLE

Bachus Comes to Defense of JPM Chase

AUTHOR(S)
Wack, Kevin
PUB. DATE
May 2012
SOURCE
American Banker;5/17/2012, Vol. 177 Issue 77, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports U.S. House Financial Services Committee Chairman Spencer Bachus defended JPMorgan Chase bank's $2 billion trading loss at a May 2012 legislative hearing on whether nonbanks should have a systemically important financial institution (SIFI) designation. The Financial Stability Oversight Council's draft rules on SIFI are discussed.
ACCESSION #
75341140

 

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