A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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OregonLive.comJPMorgan, the Volcker Rule, and the Extreme Brevity of Financial MemoryHuffington PostExhibit A: The renewed battle over the so-called Volcker Rule in response to JPMorgan Chase's recent trading loss -- which might reach $5 billion. H...
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Live Trading NewsSlim Family Sees European Crisis as 'Good Moment' to InvestSan Francisco ChronicleMay 24 (Bloomberg) -- Carlos Slim sees Europe's debt crisis as a "good moment" to apply his strategy of investing in times of turmo...
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Plain DealerUS Banks See Strong ProfitsWall Street JournalBy VICTORIA MCGRANE WASHINGTON—US banks reported their highest quarterly profit since mid-2007 in the first period, while overall lending activity decreased for the first time in four quarters...
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Mortgage Rates for 30-Year US Loans Fall to a Record-Low 3.78%BloombergUS mortgage rates for 30-year loans fell to a record low for a fourth straight week, reducing borrowing costs as a housing recovery takes hold. The average rate for a 30-year fixed ...
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TIMEEurope Makes Crisis Management Hostage to Volatile Greek VotersBloombergEuropean leaders tied their next steps on the financial crisis to the outcome of a bitterly contested election in Greece that may determine whether the 17- nation euro currency...
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CNBC.comDudley Tells CNBC He Doesn't See Need for More Easing NowBloombergWilliam C. Dudley, president of the Federal Reserve Bank of New York, said he doesn't currently see the need for additional action to ease policy. “My view is that, if ...
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NorthJersey.comWeekly Jobless Claims Fall SlightlyFox BusinessNew US claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace. Initial claims for st...
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Moneycontrol.comKnight Capital Wants Nasdaq To Cover Losses During Botched Facebook IPOHuffington PostBy John McCrank and Ashutosh Pandey (Reuters) - Electronic trader Knight Capital Group said it suffered a pre-tax loss of $30 million to $35 million o...
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BloombergDemand for Business Equipment in U.S. Falls for Second MonthBloombergOrders for computers, machinery and other capital equipment dropped in April for a second month, pointing to a slowdown in US business investment. Bookings for non-military g...
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Live Trading NewsSlim Family Sees European Crisis as 'Good Moment' to InvestSan Francisco ChronicleMay 24 (Bloomberg) -- Carlos Slim sees Europe's debt crisis as a "good moment" to apply his strategy of investing in times of turmo...
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Europe Manufacturing Shrinks, German Confidence Drops: EconomySan Francisco Chronicle(For more on Europe's debt crisis, see EXT4.) May 24 (Bloomberg) -- European manufacturing and services output dropped in May, German business confidence declined ...
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BoE's Bailey blames JPMorgan loss on bad risk controlReutersBoE's Bailey sees no UK conduct issue at JPMorgan yet * Losses a "salutary lesson" in use of risk measuring models * UK banks' Greek exit contingency plans more detailed ...
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U.S. News & World ReportJPMorgan's investment in lawmakers pays off in dividends of deflected blameOregonLive.comAs the panel held the first hearing on the JPMorgan losses, Sen. Richard Shelby of Alabama, the committee's ranking Republican, glo...
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JPMorgan Loss Is Bad Risk Management, U.K. FSA's Bailey SaysBloombergJPMorgan Chase & Co. (JPM)'s, trading loss in its London unit is an example of “bad risk management,” Andrew Bailey, head of banking supervision at the UK financial se...
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The Malaysian InsiderHong Kong shares slip further after weak China survey dataReuters(Updates to close) * HSI slips 0.6 pct, CSI300 sheds 0.8 pct * HSBC's China PMI number fails to cheer, Europe weighs * China infrastructure sectors still strong B...
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The RepublicBMW to appeal $163 mln Swiss antitrust fineReuters| FRANKFURT (Reuters) - BMW (BMWG.DE), the world's biggest premium carmaker, plans to appeal a fine from the Swiss Competition Commission amounting to 156 million Swiss franc ($163 milli...
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CNBC.comEurope Chiefs Clash on Euro Bonds as Crisis Summit Bogs DownSan Francisco ChronicleFor more on Europe's debt crisis, see EXT4.) May 24 (Bloomberg) -- European leaders clashed over joint debt sales as they called on Greece to stick with the ...
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The RepublicSwiss authority fines BMW $163 million over importsReuters| ZURICH (Reuters) - The Swiss Competition Commission is fining Germany's BMW 156 million Swiss francs ($163.44 million) for preventing direct and parallel imports. The commissio...
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New York Daily NewsPension Gains Are Shy Of GoalWall Street JournalBy JACOB GERSHMAN New York state's public pension fund reached its highest value since the financial downturn but fell about $2 billion short of target growth, the state comptroller...
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Japanese Stocks Rise on Optimism Europe Can Contain Debt CrisisBloombergMost Japanese stocks rose on speculation they are undervalued and as European leaders clashed on methods to tackle the debt crisis and keep Greece in the monetary union. Kawasaki K...
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Globe and MailAsian Stocks Fall as European Leaders Discuss CrisisBloombergAsian stocks fell, with the regional benchmark index dropping for a second day, as European leaders meeting in Brussels clashed over how to fight the region's debt crisis an...
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BloombergEuro Crisis Intensifies as Leaders BickerNew York TimesBERLIN — With Greece's membership in the euro zone teetering, fears of bank insolvency rising and Europe's leaders bickering about what to do, the euro crisis is once again inten...
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Japan Stock Futures Rise on Europe Bid to Contain CrisisBusinessWeekBy Norie Kuboyama and Toshiro Hasegawa on May 23, 2012 Japanese and Australian stock futures rose amid optimism European leaders will do more to halt contagion from the region's de...
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JPMorgan Boosted Derivatives Bets Eightfold in First QuarterBloombergJPMorgan Chase & Co. (JPM) increased bets on credit derivatives on investment-grade debt eightfold in the first quarter, the period when the bank says it built trading positions t...
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OregonLive.comStop the Big Banks Before They Can Lend AgainBloombergIf only there had been more regulators at JPMorgan Chase & Co. (JPM) If only the regulators had done a better job. Then what? The response to JPMorgan's May 10 announcement of ...
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Slim Family Sees European Debt Crisis as 'Good Moment' to InvestSan Francisco ChronicleMay 24 (Bloomberg) -- Carlos Slim sees Europe's debt crisis as a "good moment" to apply his strategy of investing in times of turmoil, said the...
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USA TODAYDomestic giant Southwest sticks nose into international airUSA TODAYBy Charisse Jones, USA TODAY Charles Rex Arbogast, AP Charles Rex Arbogast, AP The airline is picking up AirTran's flights to Mexico and the Caribbean after buying its riv...
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Euro Drops to 22-Month Low on EU Crisis Concern; BOJ Lifts YenSan Francisco ChronicleMay 23 (Bloomberg) -- The euro fell to its weakest level against the dollar since July 2010 on speculation a summit of European Union leaders will provide no new measu...
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Moneycontrol.comU.S. Stocks Erase Loss Amid Optimism Europe Will Contain CrisisSan Francisco ChronicleMay 23 (Bloomberg) -- US stocks erased early losses amid optimism that European leaders will do more to halt contagion from the region's debt cris...
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