Analysis: JPMorgan to be haunted by change in risk model

Friday, 18 May 2012 12:13

(Reuters) - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered.
risk

Read more: Analysis: JPMorgan to be haunted by change in risk model

 

Galleon prosecutor aims to cement legacy in Gupta trial

Friday, 18 May 2012 11:44

NEW YORK (Reuters) - It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama.
gupta

Read more: Galleon prosecutor aims to cement legacy in Gupta trial

 

Analysis: More U.S. shareholders call for independent chairmen

Friday, 18 May 2012 09:54

Embarrassed by a surprise $2 billion trading loss last week, the chairman and chief executive of JPMorgan Chase & Co faced heightened criticism at the bank's annual meeting on Tuesday. That included 40 percent backing from shareholders for a resolution to strip Dimon of his chairmanship title, up from 34 percent in 2010.
chairmen

Read more: Analysis: More U.S. shareholders call for independent chairmen

 

Exclusive: Did White House "spin" tip a covert op?

Friday, 18 May 2012 06:29

WASHINGTON (Reuters) - White House efforts to soft-pedal the danger from a new "underwear bomb" plot emanating from Yemen may have inadvertently broken the news they needed most to contain.
covert

Read more: Exclusive: Did White House "spin" tip a covert op?

 

Police detain 400 "Blockupy" activists in Frankfurt

Friday, 18 May 2012 05:45

FRANKFURT (Reuters) - German police said they detained 400 anti-capitalist protesters in Frankfurt on Friday for defying a ban on demonstrations against austerity policies implemented to tackle the intensifying euro zone debt crisis.
activists

Read more: Police detain 400 "Blockupy" activists in Frankfurt

 

Europe thinks the unthinkable on Greece

Friday, 18 May 2012 04:17

BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities.
greece

Read more: Europe thinks the unthinkable on Greece

 

JPMorgan's Dimon says will testify before Congress

Friday, 18 May 2012 02:44

WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws.
congress

Read more: JPMorgan's Dimon says will testify before Congress

 

U.S. firms eye Myanmar as sanctions suspended

Friday, 18 May 2012 00:35

(Reuters) - The suspension of U.S. sanctions barring investment in Myanmar in response to political reforms in the poor southeast Asian state gives a green light to U.S. firms queuing to scout for business in one of the last frontier markets.
suspended

Read more: U.S. firms eye Myanmar as sanctions suspended

 

Syria's Assad: Nations that sow chaos will suffer

Friday, 18 May 2012 00:25

AMMAN (Reuters) - Syrian President Bashar al-Assad said on Wednesday that countries trying to "sow chaos" in Syria could be infected with it themselves, an apparent warning to Arab Gulf nations that back the insurgency aimed at forcing him from power.
chaos

Read more: Syria's Assad: Nations that sow chaos will suffer

 

Iran may seek "tactical gain" with U.N. nuclear deal

Friday, 18 May 2012 00:06

VIENNA (Reuters) - Iran and the U.N. nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers.
nuclear

Read more: Iran may seek "tactical gain" with U.N. nuclear deal

 

Spain beset by bank crisis, downgrades, bond pressure

Thursday, 17 May 2012 23:39

MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders - including the euro zone's biggest - having their credit ratings cut.
bond

Read more: Spain beset by bank crisis, downgrades, bond pressure

 

China "bars" blind dissident's family choice of lawyers

Thursday, 17 May 2012 22:47

BEIJING (Reuters) - The nephew of blind activist Chen Guangcheng has been denied his family's choice of lawyers to defend a charge of "intentional homicide" in what one said was an attempt to manipulate a case that has focused world attention on China's human rights.
choice

Read more: China "bars" blind dissident's family choice of lawyers

 

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