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US News & Information
News and Information
February 21, 2014 UPDATE 1-Deal with activists lets JPMorgan avoid battle over chairman
Reuters - Feb 20 (Reuters) - A deal with shareholder activists outlined by JPMorgan Chase & Co on Thursday will allow the bank ... Jamie Dimon holds both the chairman and CEO titles at the bank. But the dual roles had become...
February 19, 2014 Fed Toughens Rules for Large Foreign BanksSource: ABC NEWS
The Federal Reserve will require the largest foreign banks operating in the United States to hold higher levels of capital reserves to protect against potential loan losses. The stricter regulations the Fed adopted Tuesday are...
February 13, 2014 Banks left guessing on Volcker ruleSource: FT.com
The world’s largest banks could be left scrambling to meet a key reporting date for the Volcker rule because US regulators disagree on what the requirements are, people familiar with the matter said. The differences highlight a...
January 31, 2014 U.S. seeks $2.1 billion from Bank of America in fraud caseSource: Reuters
The U.S. government has raised the amount it is seeking in penalties from Bank of America Corp (BAC.N) to $2.1 billion after a jury found the bank was liable for fraud over defective mortgages sold by its Countrywide unit.
January 30, 2014 Beware of Activist InvestorsSource: American Banker
The banking industry's strong 2013 stock market performance reflects its recovery from the financial crisis. The KBW banking index rose 35% last year while the Standard & Poor's 500 rose by 30%. Nonetheless, the KBW banking index...
Yahoo! Finance - LONDON/NEW YORK, January 16, 2014 - Thomson Reuters, the world`s leading source of intelligent information for businesses and professionals, today announced the latest results of its proprietary TRust Index...
January 14, 2014 What Banks Learned About Risk Management in 2013Source: American Banker
2013 was marked by unprecedented regulatory scrutiny, the rising importance of reputation, market volatility, greater demands from stakeholders, diverse vendor and third-party ecosystems, and new risks posed by mobility, big data...
January 13, 2014 Europe In Green Following Weak U.S. Jobs Report, Banks Win Basel Leverage-Ratio Rule
Action Forex - European equities market kicked started Monday session in green territories, following a weaker-than-expected U.S. nonfarm data for December that increased speculation that the pace of stimulus tapering by the...
January 10, 2014 Investor group calls on SEC to review change in JPMorgan voting
FOXBusiness - The îCouncil of Institutional Investorsî, which represents managers of pensions, endowments, and foundations with more than $3 trillion of assets total, said in a letter to the Securities and Exchange...
December 26, 2013 Banks pay for past sins as U.S., Europe levy record finesSource: Reuters
U.S. and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector.
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