FamousAbout.com » Banking http://famousabout.com What's the Famous World News Online About? Tue, 22 May 2012 04:04:36 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 U.S. banking laws unable to stop JPMorgan loss: Republican Boehner http://famousabout.com/u-s-banking-laws-unable-to-stop-jpmorgan-loss-republican-boehner http://famousabout.com/u-s-banking-laws-unable-to-stop-jpmorgan-loss-republican-boehner#comments Sun, 20 May 2012 16:57:35 +0000 France http://famousabout.com/u-s-banking-laws-unable-to-stop-jpmorgan-loss-republican-boehner WASHINGTON (Reuters) – U.S. banking reforms could not have prevented JPMorgan Chase & Co’s trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday

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]]> http://famousabout.com/u-s-banking-laws-unable-to-stop-jpmorgan-loss-republican-boehner/feed 0 Greek politics, Spain banks test eurozone survival http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival#comments Sat, 19 May 2012 09:15:28 +0000 Jon http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe’s economy remains after an eviscerating austerity regime that has spawned unemployment, desperation and misery.

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]]> http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival/feed 0 MF Global to get $168 million back from JPMorgan http://famousabout.com/mf-global-to-get-168-million-back-from-jpmorgan http://famousabout.com/mf-global-to-get-168-million-back-from-jpmorgan#comments Sat, 19 May 2012 08:02:20 +0000 France http://famousabout.com/mf-global-to-get-168-million-back-from-jpmorgan NEW YORK (Reuters) – JPMorgan Chase & Co , under scrutiny for its ties to collapsed commodities firm MF Global, will return $168 million to the estate of MF’s broker-dealer, the estate’s trustee announced on Friday. James Giddens, tasked with winding down the estate and recovering as much money as possible for its trader clients who lost money when the firm went bust, said JPMorgan will return “excess collateral” that was held in its estate when the bankruptcy began

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]]> http://famousabout.com/mf-global-to-get-168-million-back-from-jpmorgan/feed 0 Wall Street banks facing second-quarter slowdown: analyst http://famousabout.com/wall-street-banks-facing-second-quarter-slowdown-analyst http://famousabout.com/wall-street-banks-facing-second-quarter-slowdown-analyst#comments Fri, 18 May 2012 16:35:30 +0000 France http://famousabout.com/wall-street-banks-facing-second-quarter-slowdown-analyst (Reuters) – Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday. Fixed income, currency and commodities trading revenue is likely to be particularly challenged for a group of banks including Goldman Sachs Group Inc and Morgan Stanley , dropping 32 percent from the previous quarter, Abouhossein predicted. …

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]]> http://famousabout.com/wall-street-banks-facing-second-quarter-slowdown-analyst/feed 0 JPMorgan’s Dimon says will testify before Congress http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress#comments Fri, 18 May 2012 02:08:58 +0000 France http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress WASHINGTON (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank’s recent trading losses, which have ignited a political debate over whether large U.S.

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]]> http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress/feed 0 JPMorgan’s Dimon says will testify before Congress http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress#comments Fri, 18 May 2012 02:08:58 +0000 France http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress WASHINGTON (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank’s recent trading losses, which have ignited a political debate over whether large U.S.

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]]> http://famousabout.com/jpmorgans-dimon-says-will-testify-before-congress/feed 0 JPMorgan CEO says bank reacted badly to red flags http://famousabout.com/jpmorgan-ceo-says-bank-reacted-badly-to-red-flags http://famousabout.com/jpmorgan-ceo-says-bank-reacted-badly-to-red-flags#comments Sun, 13 May 2012 16:54:15 +0000 France http://famousabout.com/jpmorgan-ceo-says-bank-reacted-badly-to-red-flags (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large losses in financial derivatives trading, a $2 billion embarrassment that has given banking regulators new ammunition. In an interview broadcast on Sunday on NBC’s “Meet the Press” television program, Dimon said bank executives were “completely wrong” in public statements they made in April after being challenged over the trades in media reports. “We got very defensive

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]]> http://famousabout.com/jpmorgan-ceo-says-bank-reacted-badly-to-red-flags/feed 0 JPMorgan $2 billion loss hits shares, credit, image http://famousabout.com/jpmorgan-2-billion-loss-hits-shares-credit-image http://famousabout.com/jpmorgan-2-billion-loss-hits-shares-credit-image#comments Sat, 12 May 2012 02:32:50 +0000 France http://famousabout.com/jpmorgan-2-billion-loss-hits-shares-credit-image NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street’s most respected banks embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss. “We know we were sloppy.

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]]> http://famousabout.com/jpmorgan-2-billion-loss-hits-shares-credit-image/feed 0 Credit Suisse says Americas boss to step down http://famousabout.com/credit-suisse-says-americas-boss-to-step-down http://famousabout.com/credit-suisse-says-americas-boss-to-step-down#comments Sat, 12 May 2012 00:03:48 +0000 France http://famousabout.com/credit-suisse-says-americas-boss-to-step-down ZURICH (Reuters) – Credit Suisse on Friday said its Americas head Antonio Quintella would leave the Swiss bank’s management board at the end of the month and move to Sao Paulo as chairman of its Hedging-Griffo unit. In his new role, Quintella will report to his successor, Robert Shafir – who adds the Americas head role to his current one as head of Credit Suisse’s asset-management unit – and to overall private banking head Hans-Ulrich Meister. Shafir was Credit Suisse’s top earner last year, with 8.

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]]> http://famousabout.com/credit-suisse-says-americas-boss-to-step-down/feed 0 Canada’s RBC to double Mideast wealth management team: executive http://famousabout.com/canadas-rbc-to-double-mideast-wealth-management-team-executive http://famousabout.com/canadas-rbc-to-double-mideast-wealth-management-team-executive#comments Sun, 22 Apr 2012 13:52:00 +0000 France http://famousabout.com/canadas-rbc-to-double-mideast-wealth-management-team-executive DUBAI (Reuters) – Royal Bank of Canada expects to double the number of wealth management employees in its Dubai office in the near future, and is open to opportunities for acquisitions, a senior executive said on Sunday.

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