Financials
  • The U.S. Securities and Exchange Commission has delayed for a week its consideration of new rules to lift the ban on general advertising for private securities offerings, the regulator said on Tuesday.

    LAST UPDATE : Aug 23, 2012, 3:46 PM EDT
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  • Another JPMorgan Chase & Co risk manager, who worked for a division that lost at least $5.8 billion on a series of complex derivatives trades, has hired a lawyer in connection with probes into the so-called "London Whale" trading debacle, according to sources familiar with the investigations.

    LAST UPDATE : Aug 23, 2012, 12:05 PM EDT
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    It's probably a good thing for the CMEGroup that their plans unveiled on Monday to set up anew European exchange bear almost no resemblance to a costly, failed effort by its New York unit to cross the Atlantic eight years ago.

     
    LAST UPDATE : Aug 23, 2012, 6:05 AM EDT
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  • U.S. prosecutors are investigating Deutsche Bank and several other global banks over business linked to Iran, Sudan and other nations currently under international sanctions, the New York Times reported on Saturday.

    LAST UPDATE : Aug 22, 2012, 11:43 PM EDT
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  • Standard Chartered is pursuing a collective settlement with other U.S. authorities after speedily agreeing to pay $340 million to New York's financial regulator, who broke ranks with early revelations that the bank hid banned Iranian transactions.

    LAST UPDATE : Aug 22, 2012, 7:12 AM EDT
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    No other sector has been as besieged by bad news as the banks, yet they have been among the stronges performers in the S&P 500 this year.

    LAST UPDATE : Aug 22, 2012, 11:58 AM EDT
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  • A man walks by the headquarter of Standard Chartered bank in the City of London, Tuesday, Aug. 7, 2012. Shares in Standard Chartered PLC dropped sharply on Tuesday as investors reacted to U.S. charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as "boring."

    New York's financial regulator says his agency has reached a $340 million settlement with Standard Chartered Bank over allegations it schemed with the Iranian government to launder $250 billion from 2001 to 2007.

    LAST UPDATE : Aug 22, 2012, 6:09 AM EDT
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  • Standard Chartered Plc has agreed to pay $340 million to settle allegations that it hid transactions with Iran from regulators, the New York Departmentof Financial Services said on Tuesday.

    LAST UPDATE : Aug 22, 2012, 6:09 AM EDT
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