Company News



JPMorgan Whale Debacle Likely To Be Referred To SEC / Justice Department

Published on: Tuesday, April 16, 2013 by Paul Stanbridge
U.S. Senator Carl Levin said he plans to forward results from his panel’s nine-month investigation into JPMorgan Chase’s record trading loss to the Justice Department and Securities and Exchange Commission to review for possible wrongdoing by company executives. . .

http://hereisthecity.com/2013/04/15/jpmorgan-whale-debacle-likely-to-be-referred-to-sec-justice-depa/



Citi Looking To Hire Several Senior Investment Bankers In Europe

Published on: Tuesday, April 16, 2013 by Paul Stanbridge

Citigroup’s European chief, Jim Cowles, said so-called U.S. universal banks like his own are gaining market share in investment banking because they can absorb the rising cost of regulation better than European peers. . .

http://hereisthecity.com/2013/04/15/citi-boss-says-firm-better-placed-in-investment-banking/



Court ruling goes against Royal Bank of Scotland

Published on: Tuesday, April 16, 2013 by Paul Stanbridge
Royal Bank of Scotland has lost in the latest round of a potentially expensive court battle against a US financial firm, with a judge in London ruling that it acted fraudulently. . .


Report to G20 Finance Ministers and Central Bank Governors on monitoring implementation of Basel III regulatory reform

Published on: Tuesday, April 16, 2013 by Paul Stanbridge
 Full, timely and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios and providing a level playing field for internationally active banks . . .

http://www.bis.org/publ/bcbs249.htm



Top Firm Could Cut Up To 700 Jobs

Published on: Tuesday, April 9, 2013 by Paul Stanbridge

Societe Generale may cut between 600 and 700 jobs as part of a broader cost-cutting drive in the face of stagnant growth in its home market, three union sources has told Reuters. . .

http://hereisthecity.com/2013/04/06/top-firm-said-mulling-cutting-up-to-700-jobs/