Hey Museum Guy, Want to Be On Our Risk Committee? - And Other News Told In Charts
Jamie Dimon, whose bank JPMorgan Chase (JPM) recently lost somewhere in the neighborhood of $2 billion, has a weak risk committee, Bloomberg reports. The committee includes no bankers or regulators, but it does include a museum head who back in 2008 was on American International Group’s (AIG) governance committee. Dimon might want to rethink that strategy.
Crude Oil Prices Cross $90
In honor of Memorial Day weekend, the start of summer, U.S. oil prices crossed the $90 mark, and foreign oil prices are even higher, keeping gas prices aloft. Bloomberg efficiently reports that crude oil prices are rising but basically flat for the week.
United Technologies Borrows $9.8 Billion To Fund Conglomerate Romance
Good news, United Technologies (UTX) sold $9.8 billion in bonds on Thursday in the biggest corporate-bond offering since February 2009, says the WSJ. The company, which basically makes everything on the planet (go ahead, look it up), plans to use the money to take over Goodrich (GR), a company that makes aerospace parts. Charts confirm, they’re practically made for each other: