Days before Bank of America shareholders approved the bank’s $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advised that losses at the investment firm would most likely hammer the combined companies’ earnings in the years to come. But shareholders were not told about the looming losses… leaving them instead to…
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Hightower: JPMorgan’s loss proves big banks need oversight, less political cover – LubbockOnline.com
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New York TimesHightower: JPMorgan's loss proves big banks need oversight, less political coverLubbockOnline.comBy Jim Hightower JPMorgan Chase, Goldman Sachs, Bank of America and the handful of other behemoths of Wall Street that dominate American …
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The numbers on the Facebook earnings revisions – Reuters
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Moneycontrol.comThe numbers on the Facebook earnings revisionsReutersBy Poornima Gupta and Alexei Oreskovic | SAN FRANCISCO (Reuters) – Four of Facebook's major underwriters — Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America — reduced …
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Financials rise; regulators to review JP Morgan – MarketWatch
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Financials rise; regulators to review JP MorganMarketWatchAmong the Dow Jones Industrial Average's (DJI:DJIA) financial shares, Bank of America Corp (NYSE:BAC) and JP Morgan Chase & Co. (NYSE:JPM) each rose about 1.5%. It's a good time to o…
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JPMorgan Veered From Hedging Practices at Banks With Credit Bets – San Francisco Chronicle
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CitybizlistJPMorgan Veered From Hedging Practices at Banks With Credit BetsSan Francisco ChronicleMay 22 (Bloomberg) — JPMorgan Chase & Co.'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led t…
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JPMorgan Veered From Hedging Practices at Competing Banks – BusinessWeek
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BloombergJPMorgan Veered From Hedging Practices at Competing BanksBusinessWeekJPMorgan Chase & Co. (JPM) (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion lo…
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JPMorgan Veered From Hedging Practices at Competing Banks – Bloomberg
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BloombergJPMorgan Veered From Hedging Practices at Competing BanksBloombergJPMorgan Chase & Co. (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion loss and bu…
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Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling’ | Matt Taibbi | Rolling Stone
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The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the discovery…
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BofA hiking relocation aid for troubled homeowners – Reuters
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ChicagoNowBofA hiking relocation aid for troubled homeownersReuters* Customers can receive payments between $2500 and $30000 * Program based on test in Florida * Short sales must be initiated by year end May 15 (Reuters) – Bank of America Corp said on …
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Weak Jobs Read Slams Wall Street – Fox Business
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Straits TimesWeak Jobs Read Slams Wall StreetFox BusinessBy Adam Samson Wall Street tumbled on Friday in a broad-based retreat amid signs that US economic expansion may be losing some of its luster. As of 10:40 am ET, the Dow Jones Industrial Average s…
