about the case against george zimmerman. the man charged with killing trayvon martin. let s go outfront. good evening, everyone. outfront tonight we have breaking news. the market today dropped about 125 points, thanks to greece and jpmorgan. deepening trading losses at the bank today. the total losses for america s biggest bank, at this moment we tell you could now be $4 billion. just on friday we were telling you it was only $3 billion and you may have seen reports the day before that it was $2 billion. jpmorgan is about to face a firing squad here in washington. at the bank today heads started to roll. the first out was the woman, the top chief investment officer. she made $30 million in compensation in the past two years. it s unclear how much of that may be clawed back related to recent reform. we re always just hours away from a more public showdown. jamie dimon will be facing fire at the company s annual meeting in tampa. jamie likes a fight but you can bet he s no
martin. let s go out front. good evening, everyone. outfront tonight we have breaking news. the market today dropped about 125 points, thanks to greece and jpmorgan. deepening trading losses at the bank today. the total losses for america s biggest bank, at this moment we tell you could now be $4 billion. just on friday we were telling you it was only $3 billion and you may have seen reports the day before that it was $2 billion. jpmorgan is about to face a firing squad here in washington. at the bank today heads started to roll. the first out was the woman, the chief investment officer. she made $30 million in compensation in the past two years. it s unclear how much of that may be clawed back related to recent reform. we re always just hours away from a more public showdown. jamie dimon will be facing fire at the company s annual meeting in tampa. jamie likes a fight but you can bet he s not thrilled about the timing of this. is there will be a lot of tough questions from
good evening, everyone. outfront tonight we have breaking news. the market today dropped about 125 points, thanks to greece and jpmorgan. deepening trading losses at the bank today. the total losses for america s biggest bank, at this moment we tell you could now be $4 billion. just on friday we were telling you it was only $3 billion and you may have seen reports the day before that it was $2 billion. jpmorgan is about to face a firing squad here in washington. at the bank today heads started to roll. the first out was the woman, the top chief investment officer. she made $30 million in compensation in the past two years. it s unclear how much of that may be clawed back related to recent reform. we re always just hours away from a more public showdown. jamie dimon will be facing fire at the company s annual meeting in tampa. jamie likes a fight but you can bet he s not thrilled about the timing of this. here in the halls of the senate there s an investigation in the works. s
a troubled asset purchase program. all of this goes back to many, many banks. now it s especially in europe, but two, three years ago, it was in the u.s., borrowed too much, lent too much, had too much leverage, too little capital, and the causes of that problem essentially are still in place. we added some additional regulations, but we didn t undo the things that led to the collapse. which is no capital requirements, basically capitalism in the banking system without capital. so you can do whatever it s a gambling parlor? well, you know, we used to have on the investment bank side, we had something called the net capitalization rule in place, since 1975, that limited it to 12 to 1 on the traditional depository banks. there s been a series of decreases in the amount of capital required. this has been a long, slow grind