JPMorgan’s Masters Said to Have Angled to Be CEO in Sale - Bloomberg
Masters is under investigation by federal prosecutors in Manhattan,
according to two people with knowledge of the matter. That probe was
opened following a settlement with regulators that alleged JPMorgan
manipulated power markets in the Midwest and California, the people
said.
Default Swaps
Masters rose to prominence in the 1990s after helping develop
credit-default swaps, the derivatives that enable investors to hedge
risks on bonds. She ran several credit desks and became the investment
bank’s chief financial officer before taking over its commodities
business in 2007.
Top of the morning Dear reader, and what a beautiful morning it is, Sebelius
resigning, Blythe Masters Under Investigation and a Shoe being tossed at
Hillary the capper here would be Holder, Pelosi and Reid forcefully
removed from office and stripped of all their assets and thrown in
Jail...Now that would be a most excellent day indeed.
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