Ex-Galleon trader Turney Duff offers an insider's view of how learned about Wall Street's dirty little secret: insider trading.» Read More
WASHINGTON, Oct 30- U.S. regulators hope to vote in December on a rule that would bar banks from gambling with their own money, the nation's top derivatives regulator said on Wednesday, a sign that the controversial Volcker rule may soon become law.
Oct 30- Alabama's Jefferson County and Wall Street creditors have reached agreement on a revised plan to end the second-largest U.S. municipal bankruptcy, county officials said on Wednesday.
LONDON, Oct 30- After a bone-dry summer, world markets seem awash with cash again and it looks like spilling into 2014.. Since the Fed demurred six weeks ago, the S&P500 index of top Wall St stocks has jumped 3.5 percent.
SAO PAULO, Oct 30- Brazil's state-run oil company Petrobras said on Wednesday it has asked the government to return to a transparent domestic fuel pricing policy in the wake of the latest quarter of dismal earnings.
The Federal Deposit Insurance Corp and Office of the Comptroller of the Currency approved similar proposals on Wednesday.
NEW YORK, Oct 30- A federal judge has made it easier for the trustee seeking money for Bernard Madoff's victims to pursue more than $8 billion of claims against banks and other financial firms that received money from "feeder funds" that profited from the swindler's massive Ponzi scheme.
MEXICO CITY, Oct 30- Saddled with a tax rate of almost 100 percent, Mexican state oil company Pemex hands over so much cash to the government that it has only a fraction of the money it needs to invest in production and exploration.
*Ovo Energy founder chides Britain's "big six" firms. A former corporate bond trader at J.P. Morgan and Societe Generale who decided to set up Ovo in 2009 in exasperation at poor service in the energy sector, Fitzpatrick told lawmakers that if the "big six" had used Ovo's pricing in 2012, customers would have saved 3.7 billion pounds.
As mobile payments come of age, the big banks and transactions giants are trying to figure out their place, and if they do, not that much will change.
NEW YORK, Oct 30- JPMorgan Chase& Co ranked first in a small business customer satisfaction survey in three of four regions of the United States, a sharp improvement from 20th place nationally two years ago, research firm J.D. Power and said on Wednesday.
JPMorgan Chase's $13 billion deal to resolve federal and state investigations into its mortgage bond business has hit some stumbling blocks.
*IBM climbs on buyback announcement and lifts Dow. NEW YORK, Oct 29- The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day's gains.
Stocks finished near session highs Tuesday, with the S&P 500 touching a fresh high and the Dow within 50 points of an all-time record, as investors looked ahead to the Federal Reserve's announcement.
Former Rep. Barney Frank said it would be embarrassing and wrong if JPMorgan ended up being compensated by the FDIC.
Oct 29- JPMorgan Chase& Co's preliminary $13 billion deal to resolve federal and state investigations into its mortgage bond business has hit some stumbling blocks, two people familiar with the talks said on Tuesday.
Medtronic is preparing to launch the product in the United States, pending regulatory approval. Medtronic said it expects to launch the product in the United States for use in extreme-risk patients before its fiscal year ends in April 2014, noting that the U.S. Food and Drug Administration determined it has sufficient information to evaluate the device.
JPMorgan's Tom Lee is still bullish on the market, and here's the reason why.
Oct 29- JPMorgan Chase& Co's preliminary $13 billion deal to resolve federal and state probes into its mortgage bond business has hit two stumbling blocks, a person familiar with the talks said on Tuesday.
*IBM climbs on buyback, dividend announcement. *Apple down a day after reporting results; JPMorgan shares slip. NEW YORK, Oct 29- U.S. stocks rose on Monday, extending the S&P 500' s string of record highs, as economic data supported views the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a buyback.
Oct 29- The preliminary $13 billion deal set by JPMorgan Chase& Co CEO Jamie Dimon and U.S. The Department of Justice has sought a provision in the settlement that prohibits JPMorgan from seeking to push the WaMu liabilities from the settlement onto the FDIC.