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US News & Information
News and Information
January 28, 2015 Fitch: New Accounting Rules for 2014 Reporting SeasonSource: Reuters
In a new report, Fitch Ratings examines the changes expected in 2014 accounts. For banks reporting under International Financial Reporting Standards (IFRS) the most significant new standards for 2014 accounts are IFRS 10, 11 and...
January 15, 2015 Dimon warns breaking up JPMorgan would hurt US financial powerSource: FT.com
US financial power would be diminished if it were left to Baby JPMorgans to compete with emerging Chinese megabanks, Jamie Dimon, JPMorgan Chase’s chief executive, said on Wednesday as he was forced to make
Source: The Economic Times
JPMorgan Chase & Co's parts are probably worth more to investors than the whole after regulators proposed tougher rules penalizing firms for size and complexity , according to Goldman Sachs Group.
Source: Full Time Whistle
At long last, you can finally say that a massively wealthy multinational bank had a bad day. As reported by CNBC Saturday, Swiss banking giant Credit Suisse will face a $10 billion lawsuit over alleged mortgage fraud leading up...
December 9, 2014 Fed proposing big US banks boost capital cushionsSource: Washington Post
WASHINGTON — Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.
November 20, 2014 Stock Exchange Rules Get SEC Upgrade Aimed at Fewer FailuresSource: Bloomberg
The Securities and Exchange Commission voted unanimously today(Wednesday) to approve rules that will cover the Nasdaq Stock Market, the New York Stock Exchange and venues operated by Bats Global Markets Inc., as well as dark...
November 12, 2014 British, U.S. and Swiss Regulators Fine Big Banks $3.3 Billion in Foreign Exchange ScandalSource: NY Times
British, American and Swiss regulators fined five of the world’s biggest banks a combined $3.3 billion on Wednesday for conspiring to manipulate the foreign currency markets, the latest scandal to hit an industry facing increased...
November 7, 2014 Bank of America taking $400M litigation chargeSource: SF Gate
Bank of America Corp. said Thursday it is taking a $400 million charge in the third quarter to cover litigation costs related to a regulatory inquiry into the bank's foreign exchange business. The move follows similar disclosures...
October 29, 2014 U.S. attorney general says banks may face criminal cases soon
Yahoo Finance - WASHINGTON (Reuters) - The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said...
October 24, 2014 Fed to Stress-Test Banks for Dire Stock, Housing ScenariosSource: Bloomberg
The Federal Reserve said it will scrutinize how 31 large U.S. banks, including JPMorgan Chase & Co. and Citigroup Inc., would respond to a plunge in equity and housing prices and a sharp downturn in the global economy.
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