May 15, 2012 - Recent problems seen at JP Morgan Chase provide solid evidence as to why the government had to intervene and change the rules in the US banking system, Barack Obama has said.
May 11, 2012 - Spending on market surveillance programmes covering equities and derivatives trading across Europe will grow by at least eight per cent in 2012, increasing from EUR105 million in 2011 to EUR126 million by 2014, according to research from Tabb Group.
May 11, 2012 - Spending on market surveillance programmes covering equities and derivatives trading across Europe will grow by at least eight per cent in 2012, increasing from EUR105 million in 2011 to EUR126 million by 2014, according to research from Tabb Group.
May 11, 2012 - JP Morgan Chase & Co lost a minimum of $2 billion during a failed hedging strategy, it has emerged. Jamie Dimon, chief executive of the major US bank - which holds global assets of $2.3 trillion - revealed the company has suffered eight-figure losses in its synthetic credit portfolio in the last few months.
May 9 , 2012 - Banks should be afforded more time and patience from regulators to enable them to improve their business in such difficult economic circumstances. That is the opinion of Sir John Gieve, former deputy governor of the Bank of England, who believes that giving financiers additional leeway would support lending and stimulate growth, the Daily Telegraph reports.
May 3, 2012 - Americans overwhelming reject mobile payment systems that track their movements or share identification information with retailers, and legislators should considering tweaking credit card laws to address their concerns, say researchers at the University of California, Berkeley.
May 3, 2012 - Americans overwhelming reject mobile payment systems that track their movements or share identification information with retailers, and legislators should considering tweaking credit card laws to address their concerns, say researchers at the University of California, Berkeley.
May 1, 2012 - Several major banks across the US have faced criticism during their Federal Reserve stress tests, it has been said. Sources with knowledge of the situation have told Bloomberg that some of the 19 largest financiers that underwent examinations by the Fed were questioned about the way in which they had planned their dividends and calculated losses.
