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11 Timely Insights From George Soros On The Economy
In the past six months, hedge fund manager George Soros has been an outspoken critic of the economic recovery.And as the U.S. digests the S&P downgrade, it's helpful to remember that as Barclays...
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Jamie Dimon VS Ben Bernanke II Is Happening Tomorrow (JPM)
Jamie Dimon just told Melissa Francis on CNBC that on Wednesday, he'll comment extensively on the implications of regulations on business.This is exciting. The last time Dimon commented on regulations,...
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Why Barclays Had To Fire A Star Prop Trader (BCS)
Barclays and other banks have no choice but to fire their superstar prop traders now that the deadline for Basel III capital requirements is approaching.One of the traders caught in regulatory...
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Bank Of America Is The Most Troubled Bank In The U.S. But It Has A Plan (BAC)
One of the most troubled big banks in the U.S., Bank of America, is aggressively trying to turn it around and stop the massive sell-off of its stock.That's the good news.The firm's share price is down...
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Bank Of America May Need To Raise $40-$50 Billion Of New Capital -- Analyst
Bank of America (BAC) insists it has more than enough capital, but the market clearly disagrees.The stock was pounded again today in an up market, dropping 8% to $6.42.One analyst, Layla Peruzzi of...
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Here's Why Bank Of America's Stock Is Collapsing Again
It's deja vu all over again.The stock of a humongous American bank, Bank of America (BAC), is collapsing.This is stoking fears that Bank of America will go bust, taking the whole economy down with...
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It's Time For A New Kind Of Bank Of America Solution—The Right Kind (BAC)
Bank of America's stock continues to tank despite management's assurances that the bank has enough capital.Now the stock has plunged below $7 and looks to be on its way below $6.Bank of America's stock...
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Oh My Goodness: Now Bank Of America Is Blaming Its Collapsing Stock On ME
Well, this is quite something.Earlier, I wrote a post in which I explained why Bank of America's stock is collapsing.I explained that the stock is collapsing because the market doesn't believe that...
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ANALYST: Bank Of America's Bizarre Personal Attack On Henry Blodget Suggests...
As I described earlier, I had the bizarre experience this afternoon of glancing up from my sandwich to find that I was being personally attacked by Bank of America on Bloomberg TV on account of a post...
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Christine Lagarde's First Big Speech Sure Pissed A Lot Of People Off
On Sunday at Jackson Hole, Christine Lagarde, the new head of the IMF, gave her first big speech in the U.S. since taking over for Dominique Strauss Kahn.Immediately headlines reflected central...
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Jamie Dimon Lashes Out, Calls Global Bank Capital Rules "Anti-American"
JPMorgan's chief executive Jamie Dimon called new international bank capital rules "anti-American" and said the U.S. should consider leaving the Basel group of global regulators, the Financial Times...
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Jamie Dimon Explodes During Private Meeting At The IMF Conference, Says...
Jamie Dimon reportedly exploded in a meeting at the IMF conference when the governor of the Bank of Canada argued in favor of tighter bank regulations.The governor, Mark Carney, who many believe is the...
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What Really Happened When Jamie Dimon Went Toe-To-Toe With The Head Of The...
As you may remember, Jamie Dimon recently got into a heated discussion about new regulations on banks with Bank of Canada Governor Mark Carney in Washington DC.Now we know more about what he said,...
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BIS Says Those 'Anti-American' Capital Surcharges Will Do More Good Than Bad
One of the more contentious aspects of the new Basel III capital rules is the surcharge placed on the world's largest banks. These banks, also referred to as global systemically important banks...
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Jamie Dimon Has A 3-Step Plan For Saving The Economy (JPM)
Jamie Dimon spoke about witnessing a widespread loss of confidence in the recovery recently in an interview with The Atlanta Journal-Constitution.“We went through a financial crisis and there were a...
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A Draft List Of The Sifis That Have To Pay The Highest Capital Surcharges Is...
A draft list of the banks that will have to pay the highest extra 2.5% capital surcharge because they are considered the most "systemically important financial institutions," is out.According to...
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Here's What You Could See At An Upcoming Bank Of America Yard Sale
There's really little doubt about it, American banks are going to have to deal with higher capital requirements.And according Reuters, Bank of America is lagging behind its peers in the capital raising...
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Vikram Pandit's Recent FT Op-Ed Proposes A Totally New Way For Regulators To...
Citi CEO Vikram Pandit wrote an Op-Ed for the Financial Times about regulation called 'Apples vs. apples — a new way to measure risk.' The piece tackles capital requirements, and proposes a new way to...
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Here's Deutsche Bank's Plan To Revamp The Company, Cut Pay, And Boost...
Sept. 11 (Bloomberg) -- Deutsche Bank AG, Europe’s biggest bank by assets, will cut costs by 4.5 billion euros ($5.8 billion) and review pay practices to boost profitability amid higher capital...
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The Fed Singled JP Morgan And Goldman Sachs Out For Having Weak Doomsday Plans
Many of the biggest banks in the United States got the green light from the Federal Reserve Thursday on plans to return profits to shareholders.Two banks, JPMorgan Chase andGoldman Sachs, got yellow...
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