JPMorgan Chase and Co
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New York's Attorney General says there is more evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage abuses.
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NEW YORK, Jan 11- U.S. regulators are expected to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, two people familiar with the situation said, in the latest move by officials to force banks to tighten their anti money-laundering systems.
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*Wells Fargo net interest margin drops, profit jumps. NEW YORK, Jan 11- U.S. stocks edged lower on Friday after Wells Fargo& Co, the first major bank to kick off fourth-quarter earnings season for the financial sector, reported a decline in net interest margin despite a record profit in the latest quarter.
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LONDON, Jan 11- Asian firms and Eurobond debutants from Africa will be prominent among emerging borrowers hoping to tap buoyant appetite for high-yield assets in 2013 although issuance and investor returns may fall short of last year.
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NEW YORK, Jan 11- U.S. regulators are likely to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. JPMorgan will probably not have to pay a monetary penalty, according to one person familiar with the situation. A JPMorgan spokeswoman declined to comment.
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*4th- quarter profit 91 cents/ share vs 73 cents a year ago. Jan 11- Wells Fargo& Co on Friday said fourth-quarter profit rose 24 percent to a record high as the bank set aside less money to cover bad loans and made more fees from mortgages.
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LONDON, Jan 11- Emerging market borrowers raised more than $400 billion in international bond markets last year, a 30 percent jump form 2011 but issuance levels may ease off this year. To read an article on emerging bond issuance and returns please click Here is a table detailing bond issuance by region and sector in 2012 and forecasts for 2013 from JPMorgan.
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NEW YORK, Jan 11- A U.S. regulatory probe of JP Morgan Chase& Co is expected to result in an order that the bank correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. The order is expected to be issued by the Office of the Comptroller of the Currency and the Federal Reserve.
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BEIJING, Jan 11- China's annual consumer inflation rate quickened to a seven-month high of 2.5 percent in December on rising food prices, ahead of expectations and narrowing the scope for the central bank to boost the economy by easing monetary policy.
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India's No.2 software services provider Infosys raised its revenue forecast after posting stronger-than-expected quarterly profit, triggering a 15 percent surge in its shares, set for their biggest gain in more than a decade.
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NEW YORK, Jan 11- U.S. regulators are expected to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, two people familiar with the situation said, in the latest move by officials to force banks to tighten their anti money-laundering systems.
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*Wells Fargo net interest margin drops, profit jumps. NEW YORK, Jan 11- U.S. stocks dipped on Friday, weighed by losses in the banking sector, after Wells Fargo& Co reported a decline in net interest margin despite a record profit in the latest quarter.
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MELBOURNE, Jan 11- London copper rallied on Friday to near a one-week high hit the session before after China's export demand improved in December, while dollar weakness also helped after the European Central Bank gave no indication of further rate cuts.
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"I think it's going to be really tough to get through this earnings season without fits or starts. There's so much riding on this earnings season because of expectations for growth going into 2013," said one analyst.
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*SEC ruling' arbitrary and capricious'- letter. *JPM's commodities chief met with SEC a week before approval. While the SEC is not obligated to respond to the consortium's latest filing, the issues are the same as those to be considered by the SEC in its ruling on BlackRock Inc's similar fund due on Feb. 22.
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*SEC ruling' arbitrary and capricious'- filing. *SEC's ruling on BlackRock due Feb. 22. While the SEC is not obligated to respond to the consortium's latest filing, the issues are the same as those to be considered by the SEC in its ruling on BlackRock Inc's similar fund due on Feb. 22.
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Francois Hollande's clumsy handling of financial reform promises has turned public mood against him and prompted smirking foreign leaders to offer refuge to French tax exiles.
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WASHINGTON, Jan 10- The Federal Reserve pumped a record $88.9 billion into the U.S. The 2012 figure eclipsed the prior record of $79.3 billion deposited into government coffers in 2010.. The Fed estimated its net income for last year at $91 billion.
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U.S. banks were the best performers among stocks last year as more financial institutions continue to adjust after the 2008 financial crash. Analysts argue that there is more headroom, but some could be left behind as compliance with new rules takes its toll.
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Here's what we're watching for in the spate of universal banks set to announce in the next week.
