Financial PostJPMorgan's failed risk director retired with $21.5 millionAMERICAblog (blog)What other industry in the world will let you lose billions and still walk away with millions in easy money? Bloomberg: JPMorgan Chase & Co. (JPM)'s d…
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Head of JPMorgan’s trading unit retires with $57.5 million – msnbc.com (blog)
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Financial PostHead of JPMorgan's trading unit retires with $57.5 millionmsnbc.com (blog)Ina Drew, the former chief investment officer at JPMorgan Chase who oversaw the London office where the bank lost billions on a botched trade has walked away wi…
JP Morgan Latest News
Saba’s Weinstein exits bet against JPMorgan-sources – Reuters
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New York MagazineSaba's Weinstein exits bet against JPMorgan-sourcesReutersJPMorgan lost billions on other side of bet. * Saba main fund up 2.3 pct YTD through June 22 (Adds more detail on trade, JPMorgan bet). By Katya Wachtel …Saba's Weinst…
JP Morgan Latest News
Saba’s Weinstein exits bet against JPMorgan-sources – Reuters
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Business InsiderSaba's Weinstein exits bet against JPMorgan-sourcesReutersWeinstein discussed credit trade at conference in February* JPMorgan lost billions on other side of bet* Saba main fund up 2.3 pct YTD through June 22 (Adds …Saba's Wei…
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Eurozone big four vow billions to boost growth – Full story
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Cameron Blames Europe but Balls says “Balls!”
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(Reuters) – Prime Minister David Cameron will urge central banks on Monday to act to protect the global economy from the ravages of the euro zone debt crisis, and demand that the currency bloc’s biggest economic players work harder to resolve its problems…. Britain, the largest European economy outside the euro, has repeatedly blamed its…
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UK govt unveils stimulus to parry eurozone threat – Full story
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UK govt unveils stimulus to parry eurozone threat (via AFP) Britain has stepped up its action against the eurozone crisis by agreeing to offer billions of pounds in cheap loans to British banks, in co-ordinated action that took markets by surprise. The government and Bank of England (BoE) announced the surprise plan late Thursday in…
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Did Facebook kill small investing? – MSN Money
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International Business TimesDid Facebook kill small investing?MSN MoneyRetail investors have pulled billions out of stocks in the weeks since the infamous IPO. By Kim Peterson 20 minutes ago Since Facebook's (FB) botched IPO, small investors have w…
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Companies Sitting on Much Less Cash Than Thought – Executives Are Siphoning It
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… in its quarterly “flow of funds” report on Thursday, the Federal Reserve sharply revised its estimates of how much cash companies are holding on their balance sheets. The bottom line: Corporations have nearly $500 billion less cash on hand than previously believed. To be sure, companies are still holding onto an unprecedented amount of…
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Greek unemployment hits record while French jobless rate reaches 10pc – Telegraph
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By Louisa Peacock Eurozone unemployment marched higher on Thursday as Greek joblessness reached a new record and France’s jobless rate hit the psychologically damaging 10pc mark. Greece has been struggling through a financial crisis for the past two years, and has been relying on billions of euros in international rescue loans from other eurozone countries…
