JP Morgan more than doubles reported trading loss from $2bn to $4.4bn

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

“2011 and Beyond” - What you are seeing, and why - Jan 16, 2011 (Kryon channelled by Lee Carroll) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

"The Great Escape" - Mar 11, 2017 (Kryon Channelling by Lee Carroll)

“… The Fall of Many - Seen It Yet?

You are going to see more and more personal secrets being revealed about persons in high places of popularity or government. It will seem like an epidemic of non-integrity! But what is happening is exactly what we have been teaching. The new energy has light that will expose the darkness of things that are not commensurate with integrity. They have always been there, and they were kept from being seen by many who keep secrets in the dark. Seen the change yet?

In order to get to a more stable future, you will have to go through gyrations of dark and light. What this means is that the dark is going to be revealed and push back at you. It will eventually lose. We told you this. That's what you're here for is to help those around you who don't see an escape from the past. They didn't get their nuclear war, but everything else is going into the dumper anyway. … “

Friday, July 13, 2012

JP Morgan more than doubles reported trading loss from $2bn to $4.4bn

'London Whale' trader is understood to have left bank's London office, and compensation has been collected from bankers

guardian.co.uk, Dominic Rushe in New York, Friday 13 July 2012

The losses at JP Morgan's London offices have caused a political firestorm
in the US and led to calls for tighter regulation of Wall Street banks.
Photograph: Eduardo Munoz/Reuters

The financial hit JP Morgan Chase incurred at the hands of the trader known as the "London Whale" was more than double that previously reported, with losses from the UK operation totalling $4.4bn, the bank admitted on Friday

The bank also revealed it had clawed back two years of annual compensation from those involved as it released its second quarter results, which pegged losses at its chief investment office (CIO) at $4.4bn, up from an initial estimate of $2bn.

It is understood that three traders at the heart of the office, including "London Whale" Bruno Iksil, have now left the bank's London operations.

The losses at JP Morgan's London offices have caused a political firestorm in the US and led to calls for tighter regulation of Wall Street banks. The bank held a two hour briefing with analysts Friday morning to allay fears about the losses.

"We have put most of this problem behind us and we can now focus our full energy on what we do best - serving our clients and communities around the world," JP Morgan chief executive officer Jamie Dimon said in a statement ahead of the meeting.

JP Morgan reported net income of $4.96bn, or $1.21 a share, compared with $5.43bn, or $1.27 a share, a year earlier.

It also cut its previously reported first-quarter earnings by $459m, or 8.5%, after reviewing information that "raises questions about the integrity" of the CIO's credit portfolio. Dimon said there more losses to come of between $800m and $1.6bn.

At the analysts meeting Dimon called the problem "isolated".

"At some point, I'd like people to actually focus on the underlying businesses … that's why we are here," he said.

Dimon initially dismissed reports about losses at the London operation as a "tempest in a teapot". The bank said today that it recently discovered information that suggests some individuals at the company may have tried to hide the full amount of the losses.

JP Morgan declined to name the executives whose compensation has been "clawed back". The most likely candidate for clawback would be Ina Drew, JP Morgan's chief investment officer, who oversaw the division responsible for the loss. Drew left the bank days after the disclosure of the losses. In 2011, her pay package totaled $15m.

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Friday, July 13, 2012

JP Morgan more than doubles reported trading loss from $2bn to $4.4bn

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