Search Results for: JP Morgan Chase
U.S. bank regulators set to adopt liquidity, swaps margin rules
September 3rd, 2014
U.S. bank regulators plan to adopt on Wednesday rules forcing big banks to hold more assets that they could sell easily in a credit crunch, a requirement that is closely linked to the experience of the 2007-2009 financial crisis. ...
Chinese Company’s Shares Suspended on Critical Report
September 2nd, 2014
Trading in shares of Tianhe Chemicals, which raised about $650 million in a Hong Kong listing in June, was suspended on Tuesday morning after a report on a website affiliated with short-sellers described the company as “one of the ...
Wells chief warns on mortgage lending
August 27th, 2014
The chief executive of Wells Fargo has warned that the biggest US mortgage provider will avoid providing home loans to people with lower credit scores unless federal authorities reduce the threat that the banks will bear the costs for ...
Failure of Private Deal Over Argentine Debt by Hedge Fund Holdouts
August 14th, 2014
Aurelius Capital Management announced that efforts to reach a deal with private parties in the wake of Argentina’s debt had collapsed. The firm is one of the hedge funds that has battled with Argentina over billions of dollars in ...
Junk Bonds Gain Favor as European Banks Reduce Lending
August 13th, 2014
Bruce Mackenzie and Toby Ali were young bankers in the late 1990s, traversing Europe to pitch the merits of high-yield securities, otherwise known as junk bonds, to chief executives. The corporate chieftains mostly said no. Europe’s skepticism has since ...
Yen Falls as Russia Eases Ukraine Tension
August 11th, 2014
The yen fell versus 14 of its 16 major peers as concern eased about tensions in Ukraine after reports last week that Russia’s warplanes ended drills and the nation is seeking to mediate between Kiev and rebel forces. The ...
Are banks looking at a shrunken future?
August 7th, 2014
Amid the hundreds of billions of bad-credit write-downs and the multibillion- dollar settlements with government watchdogs since the 2008 financial collapse, it’s easy to lose sight of what good shape banks are in. The leftover business from the crash ...
Bank of America, U.S. near record $17B settlement
August 7th, 2014
The Department of Justice and Bank of America have reached a record settlement in principle in which the bank will pay just under $17 billion to resolve allegations related to fraudulent marketing of mortgage-backed securities that helped cause the ...
Banks Must Show They Can Die Quietly
August 6th, 2014
The U.S. Federal Reserve and the Federal Deposit Insurance Corp. have just confirmed what most people already knew: The largest banks are far too complex and opaque for their own good, let alone for the good of the broader ...
Big Banks’ ‘Living Wills’ Get Failing Grade
August 6th, 2014
Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence yesterday with a grade: Fail. The Federal Reserve and ...
