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A market-linked CD (MLCD) [1] is also referred to as an equity-linked CD, market-indexed CD, or simply an indexed CD as well. It is a specific type of certificate of deposit that is linked to the performance of one or more securities or market indexes, like the S&P 500. [2]
Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase. [2] [3] These events gave rise to a number of investigations to examine the firm's risk management systems and internal ...
At first, banks were the dominant players in the market, as CDS were primarily used to hedge risk in connection with their lending activities. Banks also saw an opportunity to free up regulatory capital. By March 1998, the global market for CDS was estimated at $300 billion, with JP Morgan alone accounting for about $50 billion of this. [51]
On an episode of Suze Orman's "Women & Money" podcast, money expert Suze Orman gave her take on market-linked CDs. "Forget market-linked CDs," she said. "They make absolutely no sense. You want to...
JPMorgan Chase had another solid performance in the third quarter, posting an excellent return on tangible common equity of 19%, while NII grew $23.5 billion. The bank also sees net charge-offs ...
Shares of JPMorgan trade at 1.9 times book value, well above the decade average, which is closer to 1.5. Similarly, the stock's dividend yield of about 2.1% has settled near its lowest level in ...
Blythe Sally Jess Masters (née Levett; born 22 March 1969) is a British private equity executive and former financial services and fintech executive. She is a former executive at JPMorgan Chase, [1] where she was widely credited for developing the credit default swap as a financial instrument.
JPMorgan Chase & Co. (JPM) closed at $117.87 in the latest trading session, marking a +1.51% move from the prior day.