Restoring trust in Wall Street

Tess Vigeland May 11, 2012
HTML EMBED:
COPY
Spencer Platt/Getty Images

Restoring trust in Wall Street

Tess Vigeland May 11, 2012
Spencer Platt/Getty Images
HTML EMBED:
COPY

JPMorgan Chase went to Vegas, put it all on red and lost $2 billion. OK not exactly, but close enough. You may have heard this week that the country’s biggest bank reported $2 billion worth of trading losses from just the past month and a half.

Traders made bets on risky derivatives — and lost. Gee, does this sound familiar to anyone? Well, right before JP Morgan made its announcement, we talked to John Rogers of the CFA Institute (Chartered Financial Analyst) about the Institute’s global campaign to “improve the investing public’s trust in the investment industry.” Listen to the audio for Rogers’ perpsective on how trust was lost and the CFA Institute Integrity list.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.