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July 13th, 2012
08:03 PM ET

How much do we know about our banks?

JPMorgan losses $6 billion and its stock jumps 6%. How much do we know about our banks?

Stephen Moore of the Wall Street Journal Editorial Page and Jon Cowan Co-founder and President,Third Way are OutFront.

Banks faces billions more in Libor loses

Banks implicated in the Libor-fixing scandal will likely take billions more in losses as a result of pending litigation and regulatory penalties, according to industry analysts at Morgan Stanley.

The analysis - which the authors admit is crude - is based in part on the experience of Barclays, the British bank which admitted that its staffers attempted to manipulate the London Interbank Offered Rate.

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Filed under: Economy • Markets • News
soundoff (2 Responses)
  1. Andrew
    July 15, 2012 at 9:04 am | Reply
  2. Joey at Purdue Univ
    July 13, 2012 at 9:28 pm | Reply

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