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Lou Lebedin, a former Bear Stearns Cos. executive who had become JPMorgan Chase & Co.'s global head of prime brokerage, is being replaced in that role, according to three people familiar with the situation.

David Malpass - the president and founder of research and consulting firm Encima Global LLC, former Bear Stearns chief economist, and a former Republican candidate for the U.S. Senate from New York - criticizes debates about growth and austerity in the EU in an editorial published last night by the Wall Street Journal.

Re-printed from Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America ; Copyright A© 2012 by Charles Ferguson.

J.P. Morgan's announcement of a spectacular trading loss of $2 billion last week gives fuel to regulators who are inclined to slim down or at least stop the growth of such "too-big-to-fail" megabanks in the future, banking analysts say.

JPMorgan Chase's horrific $2 billion-and counting-loss shows that Wall Street has learned nothing from the 2008 financial crisis that brought down one-time stalwarts Lehman Brothers and Bear Stearns.

The U.S. and JP Morgan flags wave outside the JP Morgan headquarters in New York May 11, 2012.

By PALLAVI GOGOI AP Business Writer NEW YORK - The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days.

Bear, Stearns & Co., Inc. - Clean Technology - Advisory Profile Summary Bear, Stearns & Co., Inc.

Guggenheim Securities, the investment banking arm of money manager Guggenheim Partners, has hired Michael Constantino as a managing director to work on divestitures and other transactions in its financial institutions group.

The warning from Daniel Tarullo , a Federal Reserve governor, came as banks were putting up stiff resistance to new oversight and financial regulations - including at a private meeting Wednesday between Tarullo and the heads of Goldman Sachs, J.P. Morgan Chase and other Wall Street firms, according to the Fed.

Federal Reserve Governor Daniel Tarullo said regulators must press on with an overhaul of financial regulation, focusing especially on shadow banking and too-big-to-fail institutions.

After adding thousands bankers in the past two years, financial firms again appear to be on the verge of cutting that many positions and then some.

John Newton Jr., trustee, and Greeley and Associates Inc., to CDT Properties LLC, in Industrial Heights Industrial Park, Phase 2, $345,000. Wilson and Associates PLLC, secretary-treasurer, to Bank of New York Mellon and Bear Stearns, in Andorian Hills subdivision, $109,650. Mary Russell, trustee, Alvin Petty estate and Dianna Petty estate to Chris ... (more)