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Sen. Vitter: Banks Need 'Systemic Reform' -CNBC

Sen. David Vitter (R., La.), who questioned J.P. Morgan Chase & Co. (JPM) Chief Executive James Dimon in a Senate hearing Wednesday, believes the largest banks need "systemic reform", he said in an interview on CNBC. He added that while it's impossible to know if the pending Volcker rule will be successful in reining in banks from making dangerous trades, raising banks' capital requirements would be a good starting point. The lawmaker also said he was "nervous" about the Federal Reserve keeping interest rates near zero, citing inflation risks. Website: www.cnbc.com Write to nymonitoring@dowjones.com

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
03/05/201516:59:47J.P. Morgan Exceeds Fed Minimum Capital Level Under Stress Scenario
03/04/201512:47:50Negative Interest Rates Yield Positive Results--So Far
03/03/201518:18:11J.P. Morgan, Justice Department Reach $50 Million Robo-signing...
03/03/201517:58:09J.P. Morgan, Justice Department Reach $50 Million 'Robo-signing...
03/03/201517:54:27J.P. Morgan, Justice Department Reach $50 Million 'Robosigning...
03/02/201519:13:26Costco Names Citi, Visa as New Credit Partners -- 4th Update
03/01/201512:59:48Samsung Looks to Outsmart Apple, Google on Mobile Payments
02/26/201520:07:03J.P. Morgan Emerges as CEO Breeding Ground
02/26/201520:05:14J.P. Morgan's CEO Bloodline
02/26/201519:27:10Plan to Sell Argentine Debt Collapses -- Update
02/26/201517:16:40Two Bank of America Directors Won't Seek Re-Election
02/26/201511:58:29New Standard Chartered Head Bill Winters Draws Rave Reviews
02/26/201511:34:54Standard Chartered CEO Peter Sands to Step Down -- 3rd Update
02/26/201507:23:49New Standard Chartered Head Has Cautious Image
02/26/201507:20:10Standard Chartered CEO to Step Down
02/26/201506:46:46Standard Chartered CEO Peter Sands to Step Down -- 2nd Update
02/26/201504:42:29Standard Chartered CEO Peter Sands to Step Down -- Update
02/25/201519:03:11Morgan Stanley to Pay $2.6 Billion to Settle Mortgage Cases...
02/25/201515:42:57Urwin to Join Deutsche Bank as Co-Head of Corporate Banking...
02/24/201521:11:21J.P. Morgan to Reduce Up to $100 Billion in Certain Deposits...

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