Pennsylvania + Wall

By John C. Dugan and T. Timothy Ryan, Jr.

Jamie Dimon’s congressional testimony on trading losses has again stirred debate on the notion of “too-big-to-fail” banks.

JPMorgan Chase & Co. (JPM)’s losses were buffered by a strong balance sheet and sufficient capital levels to avoid putting the bank at risk. Nevertheless, opponents of the Dodd-Frank financial reform’s resolution process have used this to resurrect their belief that the law has not ended “too big to fail,” but instead codified it into law. As former bank regulators who both sat on the Federal Deposit Insurance Corp. board, we disagree.

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By Ken Bentsen and Melanie Mortimer

 On June 9, 2012, SIFMA and the SIFMA Foundation held an awards ceremony recognizing the top five teams of the ninth annual Stock Market Game™ - “Capitol Hill Challenge” in the House Financial Services Committee Room in Washington, DC. 

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By Tim Ryan

CNBC’s Steve Liesman posted a commentary this afternoon that questions JPMorgan Chase CEO Jaime Dimon’s responses about the Volcker Rule. While he asks the banking chief for his answers, he fails to mention what we in the industry have been saying for months. .... Read more...

By Melanie Mortimer

On June 8^th, SIFMA and the SIFMA Foundation held an awards ceremony for the New York City winners of the 2011/2012 school year InvestWrite and Stock Market Game competitions designed for 4^th-12^th graders.  The ceremony was heart-warming and showed that the program had made a profound and inspiring impact on the winners’ educational futures. When asked whether or not they were going to continue to check the securities from their portfolios over the summer, there was an exuberant “yes!”.... Read more...