Anything For You All: FINANCE INSIDER: 'Dirtier than Herbalife'

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October 04, 2017

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JPMorgan has already coined a nickname for the next financial meltdown.

And while the firm isn't sure exactly when the so-called Great Liquidity Crisis will strike, it figures that tensions will start to ratchet up in 2018, once the Federal Reserve starts to unwind its massive balance sheet. Here's what Marko Kolanovic, JPMorgan's global head of quantitative and derivatives strategy, had to say about the GLC.

In Wall Street news, JPMorgan Chase has taken the No.1 spot in a critical ranking for the first time in nearly 25 years. Deutsche Bank is pulling a Silicon Valley move and unleashing its code onto Wall Street. And a brutal table spells bad news for Wall Street banks.

Steve Cohen, the hedge fund billionaire banned from managing outsiders' money, has been prepping a fund via an external firm. The big question is how much Cohen's new fund will raise. BI's Rachael Levy has the latest.

A former star investor at Cohen's SAC Capital is having a killer year. The Rockefeller family is joining forces with a former Morgan Stanley rainmaker and one of the world's largest hedge funds to form a new investment firm. And we talked to a $1 trillion investment chief about the biggest opportunities in markets right now.

President Trump is reportedly down to a final five in his search for the next Fed chair. Wall Street says a major fear about Trump's tax plan is overblown. And Puerto Rico's bonds collapsed after Trump said its debt needs to be wiped out.

Short seller Andrew Left says he's found a "business dirtier than Herbalife." And someone dressed up as the Monopoly man is trolling the ex-Equifax CEO's hearing in Congress. Elsewhere in markets news: