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By Ginger Szala |
July 17, 2012
The Senate Permanent Subcommittee on Investigations released findings of a year-long probe on HSBC's failure to curb money laundering for the Mexican cartel and even terrorists. There seems to be a pattern across the entire financial system, and it has to stop.
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By Jesse Hamilton and David Voreacos, Bloomberg |
July 17, 2012
HSBC Holdings Plc did business with firms linked to terrorism, failed to guard against money- laundering violations in Mexico and bypassed U.S. sanctions against Iran, according to U.S. Senate investigators.
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By Joshua Zumbrun and Jeff Kearns, Bloomberg |
July 3, 2012
For Mike and Kathryn Fry, the time was right to take advantage of the Federal Reserve’s low interest rates to buy a home.
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By Cheyenne Hopkins, Bloomberg |
June 20, 2012
Federal Reserve Chairman Ben S. Bernanke said the Volcker Rule may have influenced the outcome of JPMorgan Chase & Co.’s $2 billion trading loss.
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By Dawn Kopecki, Phil Mattingly and Steven Sloan, Bloomberg |
June 19, 2012
U.S. House members criticized regulators today for failing to detect JPMorgan Chase & Co.’s loss of at least $2 billion on risky derivatives trades and pressed for additional measures to ensure similar losses don’t occur in other banks.
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By Dawn Kopecki, Phil Mattingly and Clea Benson, Bloomberg |
June 13, 2012
U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses.
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By Dawn Kopecki and Phil Mattingly, Bloomberg |
June 12, 2012
JPMorgan CEO Jamie Dimon said traders in a London unit responsible for a $2 billion loss didn’t understand the risks they were taking and weren’t properly monitored.
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By Rick Green, Bloomberg |
June 12, 2012
Here’s a chronology of events leading to the disclosure and aftermath of JPMorgan's $2 billion 'hedging' loss.
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By Silla Brush, Bloomberg |
June 11, 2012
The CFTC may release a proposal for cross-border derivatives oversight that won’t require analysis of its costs.
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By Phil Mattingly and Cheyenne Hopkins, Bloomberg |
June 6, 2012
JPMorgan Chase & Co.’s trading loss of more than $2 billion points to failures in the bank’s risk- management practices, U.S. regulators told lawmakers today.
