Tag Archives: JPMorgan Chase

Libor Traders Said To Avoid Charges In British Probe

Bloomberg News – By Lindsay Fortado and Liam Vaughan – June 13, 2012 Traders being investigated by U.K. regulators for the suspected rigging of global interest rates are unlikely to face criminal charges while their firms may suffer record fines, … Continue reading

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U.S. Stocks Fall On Europe Concern As Retail Sales Drop

Bloomberg News – By Rita Nazareth   June 13, 2012 U.S. stocks retreated, following yesterday’s rally, as a report showed weakening retail sales while borrowing costs rose in Italy and Germany. The Standard & Poor’s 500 Index lost 0.4 percent to … Continue reading

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Dutch Marketmaker Mulls Potential Sale

Financial News – By Tim Cave – June 13, 2012 A Dutch high-frequency trading firm – which is one of Europe’s biggest marketmakers in exchange-traded funds – has appointed a financial adviser as part of a strategic review that could … Continue reading

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JPMorgan Directors Knew of Bad Trades: Report

Reuters – By Ernest Scheyder               June 11, 2012 (Reuters) – Some JPMorgan Chase & Co directors and executives knew about risky practices by London traders about two years before bad bets caused the company to lose $2 billion, the Wall … Continue reading

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Lawmakers to Grill Jamie Dimon on Massive Loss

Market Day on MSNBC.com                     By Roland Jones – June 12, 2012 JPMorgan Chase’s Chairman and Chief Executive Jamie Dimon is set for a grilling Wednesday morning when he’s due to appear before a Senate committee to explain massive … Continue reading

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Hackers Take $1 Billion as Banks Blame Clients

As reported by Bloomberg’s Greg Farrell, Valiena Allison got a call from her bank on a busy morning two years ago about a wire transfer from her company’s account. She told the managers she hadn’t approved the transfer. The problem … Continue reading

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