The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.
JPMorgan Chase agrees to settle its claims against failed bank Washington Mutual's receivership for $645 million. The deal resolves questions about $6 billion of liabilities in a mortgage-backed securities suit.
It was a year ago this week that a flash crash sent ETFs into uncharted territory.
Keefe Bruyette analysts say although JPMorgan (JPM) sought a multi-billion dollar settlement, the multi-million dollar settlement is still a positive for the company.