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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
10/29/201412:51:54Deutsche Bank: Less Involved in FX Probes Than Other Banks
10/29/201407:07:19Xiaomi's $1 Billion Loan Draws 29 Banks
10/28/201418:39:29Jefferies Expected to Book up to $15 Million Loss on Toms Shoes...
10/28/201406:40:03Big Banks: Fourth-Quarter Outlook -- Barron's
10/26/201416:46:21Banks Demand That Law Firms Harden Cyberattack Defenses
10/23/201407:30:20Hong Kong Rules Out Protest Site Clearance For Now
10/23/201407:05:15Hong Kong Official Rules Out Clearing Protest Sites--for Now
10/21/201417:47:33Global X, J.P. Morgan to Launch Tactical ETFs
10/21/201417:46:49Global X, J.P. Morgan to Launch Two Tactical ETFs -- Update
10/21/201417:24:48J.P. Morgan Fined $92 Million by EU
10/21/201417:16:45NY Fed Overlooked J.P. Morgan "London Whale"
10/21/201417:16:11New York Fed Failed To Examine J.P. Morgan 'London Whale' Unit
10/21/201417:14:20JPMorgan Fined by EU Over Rate Rigging, Cartel
10/21/201417:03:28European Stock Markets Jump -- 2nd Update
10/20/201416:09:27Morgan Stanley Hires from Merrill, J.P. Morgan, UBS -- Street...
10/17/201420:26:15Big Banks Start Charging Clients for Euro Deposits -- 2nd Update
10/17/201416:14:09Big Banks Start Charging Clients for Euro Deposits -- Update
10/15/201417:05:13MARKET SNAPSHOT: U.S. Stocks Cut Losses In Harrowing, Volatile...
10/15/201416:19:10Ebola, Oil Slump Taking Toll on African Sovereign Bonds
10/15/201414:50:29MARKET SNAPSHOT: U.S. Stocks Plummet As Selling Intensifies

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