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.