The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans — even temporarily. Obama spokesman Jay Carney…
(Reuters) – New York Attorney General Eric Schneiderman has hired a former federal prosecutor to help bring lawsuits over misconduct in the mortgage-backed securities market…
Wall Street JournalUS Probe of JP Morgan WidensWall Street JournalThe inquiry is tied to so-called derivatives trades by JP Morgan's Chief Investment Office that have resulted in a loss of more than $2 billion. A spokesman for JP Morgan declined to…
JPMorgan's Dimon Will Testify June 13 at Senate Hearing on LossBloombergJPMorgan Chase & Co. (JPM) Chairman and Chief Executive Officer Jamie Dimon has agreed to testify on June 13 at a Senate Banking Committee hearing on his bank's $2 bill…
Moves-JPMorgan, StephensReutersJPMORGAN CHASE & CO The bank has hired former US Securities and Exchange Commission enforcement chief William McLucas to assist the firm in probes of its loss of at least $2 billion on credit derivatives trades, accor…
News10.netSmall Plane Crashes in Calif. NeighborhoodABC NewsA single-engine plane has gone down in a Southern California neighborhood, slicing through power lines but apparently not hitting any homes. Federal Aviation Administration spokesman Ian Grego…
Get tougher on international trading – regulatorCNNBy Jennifer Liberto @CNNMoneyInvest May 21, 2012: 12:12 PM ET CFTC Chairman Gary Gensler said the JP Morgan Chase losses highlight the need for tough international rules on financial trades. WASHINGTON…
BBC NewsRepsol: Exploratory oil well off Cuba comes up dryBusinessWeekBy PETER ORSI An exploratory oil well drilled off the coast of Cuba has proved a failure and will be capped and abandoned, a spokesman for Spanish company Repsol said Friday. Repsol …
Moneycontrol.com'London Whale' Said to Be Leaving JPMorganNew York TimesBy JESSICA SILVER-GREENBERG and NELSON D. SCHWARTZ Bruno Iksil, the so-called London Whale at the center of the trading debacle, is expected to leave the bank, according to…
Walgreen adds 8000 medications to discount clubChicago TribuneWalgreens announced Tuesday an expanded Prescription Savings Club offering discounts on 8000 brand and generic medications, including some generics for as low as $1 a week for a 90-day suppl…
