The former JPMorgan Chase & Co (NYSE: JPM – news) trader known as the “London Whale” was not responsible for Lehman Brothers Holdings Inc‘s bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan (LSE: JPIU.L – news) said. In […]
Tag: Lehman Brothers
Dow hits 14,000, for a minute anyway
The Dow Jones industrial average briefly topped 14,000 on Friday morning, a milestone not seen since before the financial crisis rocked the markets and the world economy. After rising steadily in early trading thanks to the U.S. jobs report, the Dow briefly crossed 14,000 around 10:07 a.m. EST. The milestone […]
