JPMorgan's $10 Billion SubsidyBusinessweekIn late June, Jamie Dimon told a Senate committee that no taxpayer money was “impacted” by this spring's trading losses at JPMorgan Chase. Dimon, the bank's CEO, meant that no one at the Treasur…
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Senate Examines JP Morgan Chase Loss & Financial Regulation Oversight – C-SPAN
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C-SPANSenate Examines JP Morgan Chase Loss & Financial Regulation OversightC-SPANThe session also will spotlight JP Morgan Chase's $2 billion trading loss, which is under investigated by the FBI and the SEC. Witnesses will include leading feder…
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Federal agency probing ‘breakdowns’ at JPMorgan – Central Florida News 13
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Federal agency probing 'breakdowns' at JPMorganCentral Florida News 13Curry's agency, part of the Treasury Department, oversees about 2000 national banks and has had about 65 examiners onsite at JPMorgan's offices. Curry says the agency…
European Crisis
Top US Treasury official on Athens crisis trip – Full story
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(via AFP) Senior US Treasury Department official Lael Brainard held talks with Greece’s interim finance minister on Tuesday as Washington took a more hands-on approach to resolving Europe’s debt crisis. In a rare visit by a top US financial official, Brainard met with George Zannias, appointed finance minister…
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British govt eats humble pie over ‘Pasty tax’ – Full Story
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US says China not manipulating ‘undervalued’ yuan – Full Story
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US says China not manipulating ‘undervalued’ yuan (via AFP) The United States said Friday that China’s tightly managed currency remains “significantly undervalued” but Beijing was not manipulating the yuan to gain an unfair trade advantage. The US Treasury Department said it had concluded that China had not met the standards for manipulation but that it…
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U.S. lets China bypass Wall Street for Treasury orders | Reuters
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(Reuters) – China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than any…
JP Morgan Latest News
JPMorgan exec seen in field as US money-laundering cop – Reuters
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JPMorgan exec seen in field as US money-laundering copReutersLOUIS, May 22 (Thomson Reuters Accelus) – A JPMorgan executive and former Treasury Department official is considered by industry sources to be a top candidate to replace the dismissed head of…
JP Morgan Latest News
JPMorgan exec seen in field as US money-laundering cop – Chicago Tribune
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JPMorgan exec seen in field as US money-laundering copChicago TribuneLOUIS, May 22 (Thomson Reuters Accelus) – A JPMorgan executive and former Treasury Department official is considered by industry sources to be a top candidate to replace the dismissed…
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US Treasury Studies Floating-Rate Benefit, Decision Later – Bloomberg
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BloombergUS Treasury Studies Floating-Rate Benefit, Decision LaterBloombergThe US Treasury Department said it sees benefits in the issuance of floating-rate notes, while a decision will be made “at a later date.” The government also said it plans t…
