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» Top Chinese Banker JP Morgan to Resign

Top Chinese Banker JP Morgan to Resign

Which top bankers JP Morgan is leaving the bank in China to investigate the hiring practices in Asia.Fang Fang, vice chairman of JP Morgan Chase, is expected to leave this week, according to people familiar with the situation. JP Morgan declined to comment. Fang could not be reached for comment.U.S. Securities and Exchange Commission and the Justice Department last year launched a probe over recru[...]

24-Mar-14


» Stocks Reverse Losses as Investors Rethink Fed Comments

Stocks Reverse Losses as Investors Rethink Fed Comments

On second thought , maybe the Fed's comment is not worth getting all mobilized.Reversing the decline in the market on Wednesday , indicating that investors may overreact Fed Chairman Janet Yellen raised fears of a rate hike sooner than expected comments .In addition, the Philadelphia Fed manufacturing report Thursday said the pace of economic growth is likely to accelerate .At the close, the Dow J[...]

23-Mar-14


» Credit Suisse CEO Accused Of Several Thieves Hide $ 10 Billion

Credit Suisse CEO Accused Of Several Thieves Hide $ 10 Billion

After Credit Suisse Group (CS) moved to blame a few employees , the U.S. Senate report said the loan up to the Swiss tax authorities to help clients hide $ 10 billion of assets."Some of Swiss private bankers went to great lengths to cover up bad behavior from Credit Suisse executive management , " CEO Brady Dougan would say in the United States Senate Committee hearing in Washington on Wednesday b[...]

23-Mar-14


» Workaholic Former Banker Impose Long Hours Culture on New Colleagues

Workaholic Former Banker Impose Long Hours Culture on New Colleagues

Bankers penalty time is no longer just concerned financier family - all their aftermath consumer office culture spread , because the new hard drive they take their way in the workplace .They become accustomed to them a long time, they are blind to speak , when they left the bank survey on some new colleagues their schedule summarizes a forthcoming Sociological Quarterly wrote Goldman Sachs investm[...]

22-Mar-14


» UK Nursing Homes Lawsuit Challenging the Barclays Libor Admissions

UK Nursing Homes Lawsuit Challenging the Barclays Libor Admissions

Has been in court accused of Barclays admissions accuracy of its plea bargain with the U.S. authorities on suspicion of attempting to manipulate the part LIBOR benchmark rate.Nursing homes sue the bank in the UK civil action , alleging the bank admitted between what U.S. authorities in 2012 on its " occasional" unfair submitted to the sterling LIBOR and the bank run defense against serious discrep[...]

22-Mar-14