The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
NEW YORK, Sept 19- A report funded by Wall Street's largest lobby group laid out the most public justification yet of banks' role in physical commodity markets, a lucrative business now under threat from mounting political and regulatory pressure.
Chrysler Group is late in the stages of preparing its offering documents, and JPMorgan Chase is expected to underwrite the IPO.
NEW YORK, Sept 18- Power market veteran Paul Posoli has returned to JPMorgan Chase& Co. after a year-long sabbatical to help advise on the bank's sale of its physical commodities business, according to an internal bank memo. John Anderson will continue to run JPMorgan's global gas and power business, the memo said.
Sept 18- JPMorgan Chase& Co backed away from a research note to clients on Wednesday that said a delay in the launch of President Barack Obama's healthcare reform was imminent.
Sept 18- CME Group Inc, the biggest U.S. futures market operator, has applied with the Commodity Futures Trading Commission to register as a swap execution facility, an exchange-like platform created as a result of the global crackdown on the derivatives that helped bring the 2007-2008 credit crisis.
Open enrollment in the Health Insurance Marketplace will begin on October 1, "a spokesman for the Centers for Medicare and Medicaid Services said in a statement.
WASHINGTON, Sept 18- The Office of the Comptroller of the Currency said on Wednesday that it is devoting significant resources to help smaller, community lenders fend off cyber attacks, after hackers attacked many major U.S. banks last year.
Sept 18- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein made his most public commitment to the bank's commodity trading business on Wednesday, even as regulators consider measures that may push Wall Street out of physical markets.
U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months.
"While U.S. business performance remains strong, as evidenced by robust recovery in the automotive sector, business leaders still see headwinds preventing a more sustained, robust recovery," said Jim McNerney, chairman of Business Roundtable and chairman and CEO of Boeing Co..
Sept 18- Goldman Sachs Group Inc remains committed to its commodities business even as competitor JPMorgan Chase& Co backs away under pressure from regulators, Goldman's CEO said on CNBC television on Wednesday. "That is a core, strategic business for us," Chief Executive Officer Lloyd Blankfein said in an interview on the cable network.
Sept 18- U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months, a survey by the Business Roundtable showed.
U.S. prosecutors are still investigating JPMorgan's London Whale" trading scandal for potential criminal wrongdoing.
NEW YORK, Sept 17- Two years after getting its start in a downtown Manhattan park, Occupy Wall Street, the populist movement protesting economic inequality, marked its second anniversary on Tuesday with a protest near the New York Stock Exchange and a march near the United Nations.
NEW YORK, Sept 17- U.S. prosecutors are still investigating JPMorgan Chase& Co's "London Whale" trading scandal for potential criminal wrongdoing, according to people familiar with the probe, in a sign that an expected $700 million regulatory settlement may not put the issue to rest for the largest U.S. bank.
NEW YORK, Sept 17- Two years after getting its start in a downtown Manhattan park, Occupy Wall Street, the populist movement protesting economic inequality, marked its second anniversary on Tuesday with a protest near the New York Stock Exchange and a planned march near the United Nations.
Clovis has tapped Credit Suisse AG and J.P. Morgan to help find a buyer, according to one of the sources, who wished to remain anonymous because the source was not permitted to speak to the media. Bloomberg first reported news of the possible deal earlier on Tuesday, after which shares of Clovis, which has a market value of about $2 billion, jumped 21 percent.
WASHINGTON, Sept 17- Republicans and some Democrats criticized Ron Binz in a hearing on Tuesday on his nomination to lead a key U.S. energy regulatory agency as being non mainstream because his views on the nation's energy future support renewable sources like wind over coal and natural gas.
Sept 17- AT&T Inc is seeking buyers for its wireless telecommunication towers and is working with TAP Advisors LLC and JPMorgan Chase& Co on the sale, Bloomberg reported, citing people familiar with the matter.
NEW YORK, Sept 17- U.S. prosecutors are still looking into events surrounding JPMorgan Chase& Co's "London Whale" trading scandal for potential wrongdoing by the bank itself, according to several people familiar with the probe, in a sign that an expected $700 million civil settlement with regulators on the issue may not end its legal woes.