Fed Pessimism Fuels Asia Losses; Nikkei Up
Carl Levin
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Authorities declined to comment on a suspect or any other aspect of the investigation, but a senator says the person under suspicion writes a lot of letters to Senate members.
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WASHINGTON, March 13- Current and former top executives of JPMorgan Chase& Co will appear before a Senate panel on Friday to testify about the multi-billion dollar "London Whale" trading loss, but Chief Executive Jamie Dimon will not be a witness.
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* "All hell breaks loose" if IRS loses- professor. WASHINGTON, Feb 19- The Supreme Court on Wednesday will hear arguments in a dispute between U.S. tax authorities and PPL Corp over a British tax imposed on the power utility after it bought one of many businesses privatized by former British Prime Minister Margaret Thatcher.
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*Federal, state actions contemplated against Moody's. *Connecticut case against Moody's proceeding to trial.
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*Federal, state actions contemplated against Moody's. *Connecticut case against Moody's proceeding to trial.
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*S&P parent McGraw-Hill sees shares fall 23 pct in 2 days. Feb 5- The U.S. government is seeking $5 billion in its civil lawsuit accusing Standard& Poor's of a flagrant scheme to defraud investors, in one of the Justice Department's most ambitious cases tied to the financial crisis.
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Feb 5- The U.S. government is seeking $5 billion in its civil lawsuit against Standard& Poor's, accusing the ratings service of defrauding investors, in one of the most ambitious cases yet from the Justice Department over conduct tied to the financial crisis.
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NEW YORK, Feb 5- The credit rating agency, Standard& Poors, announced Monday that it was the target of a civil lawsuit by the Justice Department for its actions in rating the complex securities that played a major role in the 2008-2009 financial collapse. It is interesting that the other two major rating agencies, Moody's and Fitch made no announcements.
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There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.
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WASHINGTON, Jan 29- Senator Carl Levin for years tried to close U.S. corporate tax loopholes but failed to persuade many fellow Democrats. His panel, which has oversight over government operations, has no power to enact tax law, and neither tax-writers nor Senate leadership have taken up his cause.
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NEW YORK, Jan 29- There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. The people familiar with the situation did not comment on the dollar value of the opposing trades placed by JPMorgan Chase& Co's investment bank traders, which was much smaller than the total positions put on by the CIO.
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The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."
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Dec 19- A final version of new U.S. economic sanctions against Iran would give the Obama administration more time to implement measures aimed at its energy, shipping and port sectors, but otherwise was little changed from an initial draft released last month.
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*Pentagon would have base budget of $527.5 billion. WASHINGTON, Dec 18- U.S. lawmakers merged the competing House and Senate versions of the annual defense policy bill on Tuesday, approving a measure that authorizes $633.3 billion in defense spending for 2013, expands U.S. sanctions on Iran and strikes restrictions on biofuel use.
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WASHINGTON, Dec 18- U.S.-based global companies may get a boost in their effort to revamp corporate taxation if the White House and Republican lawmakers can negotiate a deal to avoid the year-end "fiscal cliff."
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Dec 17- U.S. regulators have finally approved JPMorgan Chase& Co's controversial plan to launch a copper exchange-traded fund backed by actual stockpiles of the metal, dealing a blow to end users who fear the product will wreak havoc on prices.
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Dec 17- The U.S. Securities and Exchange Commission has approved JPMorgan Chase& Co's controversial plan to launch an exchange-traded fund physically backed by copper, it said on Monday. Senator Carl Levin, a Democrat from Michigan, also voiced his opposition to the plan.
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LONDON, Dec 12- HSBC takes its name from its roots as the Hongkong and Shanghai Banking Corporation, but there has long been a joke inside and outside the firm that the name stands for "How Simple Became Complicated".
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Dec 11- The U.S. Chamber of Commerce is asking federal officials to consider whether a proposed proprietary trading ban undermines U.S. trade policy, part of an ongoing effort by industry groups to push back against the so-called Volcker rule.
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*Michigan more important to unions than Wisconsin. LANSING, Mich., Dec 10- Republicans are likely to approve contentious "right-to-work" measures in the union stronghold of Michigan on Tuesday despite thousands of people converging on the state capital to protest proposed laws they say would lower wages and hurt workers.
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*Turkey takes 90 pct of Iran's natural gas exports. ISTANBUL, Dec 3- Turkey will continue to buy natural gas from Iran despite the prospect of tighter U.S. sanctions, Turkish Prime Minister Tayyip Erdogan said, indicating the measures are not likely to have much impact on the countries' gold-for-gas trade.