Heidi N. Moore is The Guardian's U.S. finance and economics editor. She was formerly the New York bureau chief and Wall Street correspondent for Marketplace.

Prior to joining Marketplace, Moore was a reporter for the Wall Street Journal, where she was the lead writer for the paper’s award-winning Deal Journal online and daily newspaper column during the height (and depths) of the world financial crisis. In addition, she wrote an analysis of banks and mergers and broke news of SEC investigations, big acquisitions, and Barclays Capital buying most of Lehman Brothers out of bankruptcy.  Before that, she was U.S. Bureau Chief for London-based, Dow Jones-owned weekly newspaper and daily website, Financial News. For six years, she was a senior writer covering Wall Street banks and power brokers for The Deal magazine.

Moore’s articles on Wall Street banks and finance have been published in The New York Times, Washington Post, New York Magazine, Financial Times and Slate.  

Moore is a graduate of Columbia University and a native New Yorker. In her free time, Moore enjoys running and traveling.

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Features by Heidi N. Moore

LIBOR Pains: How Much Will the LIBOR Scandal Cost US Banks? $35 Billion.

Two fascinating pieces of research from Keefe Bruyette & Woods estimates how much American banks may be on the hook for as the LIBOR scandal grows.

Goldman to open private bank

In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank -- joining the ranks of UBS and U.S. Trust and others -- that will manage and lend money to very wealthy individuals and companies.
Posted In: banking, Goldman Sachs

Intel to kick off a tepid tech earnings season

Weak European demand for technology products hit home in Silicon Valley. Analysts expect subdued second-quarter tech earnings.
Posted In: Intel, Silicon Valley

50 ways to rig your LIBOR

As the scandal into rate-rigging grows, more theories and information are emerging about how, exactly, banks may have manipulated an important interest rate called LIBOR.
Posted In: LIBOR

More lies ahead in the LIBOR scandal

The New York Federal Reserve Bank released documents showing concerns about LIBOR's credibility in 2007. What's the next show to drop?
Posted In: LIBOR

JP Morgan's Trading Loss: The Essentials

JP Morgan announced the full scale of its disastrous "London Whale"loss to date. This is our primer on what you should know.

JP Morgan's Terrible, No Good, Very Bad Trading Loss

JP Morgan, already on the hot seat for a big $2 billion trading loss, admits that it lost more than $4.4 billion, and added that its traders lied about the size of the loss to make it look better.

JP Morgan Says Employees Lied About Size of Trading Loss

JP Morgan's highly anticipated earnings today kicked off with the firm's admission that its employees fudged the size of the firm's estimated loss on its London Whale trading bet, to make it look smaller.

Initially, JP Morgan said the loss would be $2 billion.

Now the firm is saying that just in the past three months, the trade lost $4.4 billion. The official earnings announcement is here.

But JP Morgan is also claiming in its official announcement that the trade lost money in the first three months of the year too.

In JP Morgan's 8-K filing with the Securities and Exchange Commission, which you can read in its entirety here, the firm says,

However, the recently discovered information raises questions about the integrity of the trader marks, and suggests that certain individuals may have been seeking to avoid showing the full amount of the losses being incurred in the portfolio during the first quarter. As a result, the Firm is no longer confident that the trader marks used to prepare the Firm’s reported first quarter results (although within the established thresholds) reflect good faith estimates of fair value at quarter end.

Translation: JP Morgan believe its traders lied all along about the correct value of the losses. These kinds of statements to the public are closely policed by the SEC. If JPM is correct about the alleged lies, regulators are sure to investigate for fraud, and you can expect investor lawsuits as well.

Conveniently, however, the restatement allows JP Morgan to push some of the losses from the London Whale into its first-quarter earnings, which will be restated - and won't be revealed for another few weeks, according to JP Morgan. That will make the second-quarter earnings, announced today, look better than they should.

JPMorgan discloses $4.4 billion in trading losses

JPMorgan Chase has just released its quarterly earnings report, and the big number to report is: $4.4 billion. That's the new estimate for the size of JPMorgan's loss from risky trading bets.
Posted In: JPMorgan, trading, losses, Earnings

A 'Whale watch' as JPMorgan reports earnings

The highlight of JPMorgan Chase’s second quarter earnings report will be an update on the trading loss by the so-called London Whale.
Posted In: JPMorgan, London Whale

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