Posted on 05/22/2012 10:28:37 AM PDT by Kartographer
This is from the "Comprehensive Capital Analysis and Review 2012" for JP Morgan, conducted by the NY Fed. Specifically, these are, among others, the permissive gating conditions, which if met, would still enable JP Morgan to proceed with the then announced buyback. The highlighted section above speaks for itself:
the cumulative "realized losses/gains securities (AFS/HTM) and Trading and Counterparty Losses" amount to $31.5 billion for the pendency of the stress test. In other words $31.5 billion is how much pain JPM is allowed, in the NY Fed's view, to suffer before losses and dividends/buyback would jeopardize the capital structure, and the buyback process should be halted Once again, as a reminder, the buyback process was halted today.
(Excerpt) Read more at zerohedge.com ...
PING!
Thanks Kartographer.
You might want to look at this as well.
JPM Hires Ex-SEC Chief Enforcement Officer To Help Prop Trading Loss Damage Control
So where are all those FReepers that declared this was no big deal?
Believing the worst has become the best bet these days.
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