JPMorgan (JPM) Trading Loss Tied to Increased Deposit Insurance?
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In 2008, FDIC deposit insurance coverage increased from $100,000 to $250,000. These changes, which were later made permanent under Dodd-Frank, have resulted in an increase of institution insured-deposits from $8.2 trillion in 2007 to $10.2 trillion at the end of 2011.
Insiders say JPMorgan's (NYSE: JPM) trading loss illustrates the difficulty banks are having managing the influx of cash. The increased capital, combined with a lower-profit environment for banks, could be forcing banks to take on additional risk.
Insiders say JPMorgan's (NYSE: JPM) trading loss illustrates the difficulty banks are having managing the influx of cash. The increased capital, combined with a lower-profit environment for banks, could be forcing banks to take on additional risk.
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