Securities

How JPMorgan Is Trying To Make Up For That Huge Trading Loss

Reuters | Posted 05.30.2012

Read More: Earnings, JPMorgan Chase, Jpmorgan Trading Loss, Video, Securities, CEO Jamie Dimon, Reuters, London Whale, Securities and Exchange Commission, Business News

(Repeating item with no changes to headline or text) * JPMorgan sold estimated $25 billion in securities * Sales to prop...

Read Whole Story

Missing MF Global Customer Founds All Accounted For

The Huffington Post | Harry Bradford | Posted 04.25.2012

Read More: JPMorgan Chase, Jon Corzine, Video, Commodities, Mf Global Collapse, Securities, Farmers, MF Global, Slidepollajax, Cnnmoney, James Giddens, Business News

Jon Corzine might not know where the money is, but somebody certainly does. James Giddens, the trustee overseeing MF Global's liquidation, told th...

Read Whole Story

Families That Cheat Investors Together, Stay Together

Dan Solin | Posted 04.24.2012

Read More: Retail Broker, Investing, Sec, Securities and Exchange Commission, Securities, Investors, Video, Business News

Outright theft of your assets has now become a family affair. The SEC recently announced two cases where investors lost millions of dollars to family scammers.

Read Post

Goldman Settles Over Charges That It Allowed Insider Tips To Reach Clients

Reuters | Posted 04.13.2012

Read More: Goldman Sachs, Financial Industry, Video, Wall Street, Financial Industry Regulatory Authority, Analysts, Securities, Stocks, Reuters, Securities and Exchange Commission, Financial Regulation, Business News

WASHINGTON, April 12 (Reuters) - U.S. securities regulators said on Thursday that Goldman Sachs Group Inc will pay $22 million to settle civil charg...

Read Whole Story

Startup Bill Derailed In Wake Of SEC Warnings

Reuters | Posted 05.16.2012

Read More: Startup Bill Derailed, Securities, Mary Schapiro, Startup Bill, Sec, Senate Democrats, Investor Protections, Securities and Exchange Commission, '90s Tech Bubble, Tech Bubble, Investor Threats, Small Business News

(By David Lawder and Sarah N. Lynch - Reuters) - U.S. Senate Democrats rebranded a bill aimed at job growth as a threat to investor protections on Thu...

Read Whole Story

Why Angry Investors May Be Getting Angrier

Reuters | Posted 05.13.2012

Read More: Video, Financial Fraud, Securities Fraud Settlements, Securities, Reuters, Business News, Financial Crimes, Civil-Securities-Fraud, Securities and Exchange Commission, Securities Fraud, Business News

* Lowest settlement totals in a decade - Cornerstone * Pickup in SEC enforcement may spur more payouts By Jonathan Stemp...

Read Whole Story

BofA Arm Loses Big In Customer Lawsuit

Reuters | Posted 04.02.2012

Read More: U.S. Securities and Exchange Commission, Merrill Lynch, Consumer Fraud, Debt, Cdos, Video, Financial Industry Regulatory Authority, Securities, Loans, Reuters, Bank of America Corp, Business News

(Adds details) By Suzanne Barlyn Feb 1 - Bank of America Corp's Merrill Lynch unit must pay nearly $1.4 million in dama...

Read Whole Story

At Citi, 'Disappointing And Unacceptable' Revenue May Mean More Layoffs

Reuters | Posted 03.26.2012

Read More: Layoffs, 2008 Financial Crisis, Video, Citigroup Inc, Securities, Revenue, Reuters, Chief Financial Officer John Gerspach, Hedge Fund, Euro Zone Crisis, Business News

Jan 25 (Reuters) - Citigroup Inc said it may make further cuts in its securities and banking unit in 2012 if revenue does not pick u...

Read Whole Story

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011

Read More: Video, Washington Mutual, Countrywide, Securities, Housing Boom, Chase, Mortgage Backed Securities, JPMorgan Chase & Co, Spotlight Advisors LLC, Gibbs & Burns LP, Bank of America Corp, New York Stock Exchange, Pension Funds, Business News

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

Read Whole Story

House Passes First Crowdfunding Legislation

Jeff Steele | Posted 02.08.2012

Read More: Tim Johnson, Securities and Exchange Commission, Crowdfunding, Securities, Legislation, Film Finance, Crowdsourcing, Hr-2930, Entertainment News

The U.S. House overwhelmingly passed its first significant crowdfunding legislation, in the form of H.R. 2930, the Entrepreneur Access to Capital Act....

Read Post

Investor Files Lawsuit Against Scandal-Ridden Company

Posted 11.16.2011

Read More: BNY Mellon Depositary Receipts, Investments, Olympus Corp, Video, Shuichi Takayama, Securities, American Depository Receipts of Olympus, Tsuyoshi Kikukawa, Center Valleynear Allentown, Business News

A U.S. investor sued Japan's Olympus Corp, accusing the scandal-hit company of making false statements about its finances and intentionally hiding...

Read Whole Story

Citigroup, Deutsche Bank Pay Big To Settle Claims They Misled Credit Unions

AP | Posted 01.14.2012

Read More: Deutsche Bank, Goldman Sachs, JPMorgan Chase, Mortgages, Video, Securities, National Credit Union Administration, Regulators, Ncua, Wall Street Banks, Royal Bank of Scotland, Citigroup, Credit Unions, Business News

WASHINGTON — Citigroup Inc. and Deutsche Bank are agreeing to pay a total of $165.5 million to settle federal regulators' claims that they misle...

Read Whole Story

MF Global Under Investigation

Posted 01.03.2012

Read More: Video, MF Global Holdings, European Debt, Securities, CME Group Inc, Financial Speculation, Securities and Exchange Commission, Wall Street Journal, Business News

The Securities and Exchange Commission (SEC) has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billio...

Read Whole Story

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011

Read More: Securitization, Infrastructure Bank, JP Morgan, Securities, Public-Banking, Business Climate Conference, Derivatives, Too Big to Fail Banks, Too Big to Fail, Merrill Lynch Bank of America, Banking, Bank of America, Leverage, Bank of North Dakota, Public-Purpose, Business News

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Read Post

Matt Taibbi: NY Attorney General Vs. The Banking World

Rolling Stone | MATT TAIBBI | Posted 10.25.2011

Read More: Matt Taibbi, Goldman Sachs, Morgan Stanley, Wall Street, Eric Schneiderman, Securities, Countrywide, Mortgage Crisis, Bank of America, Obama Administration, Banks, Mbs, AAA Rating, New York Attorney General, Business News

On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the p...

Read Whole Story

Investing USA Style

Dan Solin | Posted 05.29.2011

Read More: Discount Brokers, Investing, Investing Advice, Mutual Funds, Securities, Financial News, Securities and Exchange Commission, Investing Tips, Business News

You don't trust the securities industry. You can't forget it was these "investment gurus" who brought us to the brink of a worldwide depression. If they can't manage their own money, what qualifies them to manage yours?

Read Post

The Misguided Search for the "Winning" Mutual Fund

Dan Solin | Posted 05.25.2011

Read More: Standard & Poors, Cnbc Fund Screener, Mutual Funds, Securities, S&p Persistence Scorecard, Forbes Mutual Fund Screener, Benchmark Indexes, Business News

As investors, you need to screen out mutual fund screens and ignore past performance. Investing based on these factors is harmful to your financial wealth.

Read Post

Countrywide's Errors May Doom Bank Of America

DailyFinance | ABIGAIL FIELD | Posted 05.25.2011

Read More: Subprime Mortgages, Securities, Bank of America, Mortgage Backed Securities, Financial Crisis, Foreclosure, Bac Home Loans, Bofa, Notes, Countrywide Financial, Title, Business News

Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the st...

Read Whole Story

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

Posted 05.25.2011

Read More: Business News, Mortgage Crisis, Foreclosure, Complicated Chart, Securities, Economic Crisis, Congressional Oversight Panel, Business News

We all know the mortgage securitization process is complicated. But just how complicated? The chart below from Zero Hedge shows the convoluted journe...

Read Whole Story

Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Business News, Mortgage Crisis, Foreclosure, Congressional Oversight Panel, Securities, Economic Crisis, Business News

We all know the mortgage securitization process is complicated. But just how complicated? The chart below from Zero Hedge shows the convoluted jour...

Read Whole Story

Mortgage Crisis Is 'Cancer,' 'Slow Wasting Process,' Analyst Says

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Lehman Brothers, Securities, Economic Crisis, Bank of New York, Business News, Mortgage Crisis, Foreclosure, Institutional Risk Analytics, Great Depression, Christopher Whalen, Investors, Video, Business News

The foreclosure crisis is slowly killing the nation's economy, and the government has no idea what to do, analyst Christopher Whalen said on Bloomberg...

Read Whole Story

U.S. Anounces Plan To Sell Some Of Its Citigroup Shares

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Tarp, Treasury Department, Securities, Citigroup Bailout, Troubled Asset Relief Program, Treasury, Aig, American International Group, Citigroup, Business News

The government plans to sell some portion of $2.2 billion worth of Citigroup securities, in the latest effort to repay taxpayers for the public rescue...

Read Whole Story

After Lehman's Collapse, 'Largest Arbitrage Ever' -- And Deals On Art

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Art, Bankruptcy, Lehman Brothers, Lehman, Securities, Bonds, Treasury, Arbitrage, Bond Traders, Trading, Sotheby's, Treasury Bonds, Business News

The turmoil after Lehman Brothers' bankruptcy two years ago created a rare money-making opportunity for a certain type of debt trader, according to a ...

Read Whole Story

Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress

Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011

Read More: Bear Stearns, Junk Bonds, Cdos, Tim Geithner, Richard Shelby, Ben Bernanke, Jamie Dimon, Sherrod Brown, Securities, New York Fed, Financial Crisis, Bank Bailout, Investment Grade, Maiden Lane, Wall Street, Robert Steel, JP Morgan Chase, Business News

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of...

Read Whole Story

Is There A Government Bond Bubble?

Laurence J. Kotlikoff | Posted 05.25.2011

Read More: Interest Rates, Hyperinflation, Inflation, Securities, Bubbles, Bonds, Fiscal Policy, Business News

YES, there is a government bond bubble. And it's huge. Uncle Sam and his counterparts in the EU and Japan are broke and are, almost surely, going to...

Read Post