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After 30 Years As a Regulator, Schapiro Becomes Bank Consultant
April 02, 2013 @ 13:41 PM | By Melanie Rodier
A lifelong regulator, Schapiro joined the government straight out of law school.
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The 27-Year-Olds Are Taking Us Down (Again)
March 14, 2013 @ 12:20 PM | By By James Saft, Reuters
The young financiers making the mistakes change but the flaws in the incentives and risk models at the heart of the global financial system remain basically unchanged.
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It’s All JP Morgan’s Fault
March 05, 2013 @ 13:42 PM | By Melanie Rodier
A new Senate report on the bank's $6 billion loss finds that JP Morgan has some serious questions to answer.
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Investment Banking Is On The Verge of A Comeback – and Dimon Laughs Out Loud
March 01, 2013 @ 12:57 PM | By Melanie Rodier
Dimon makes a "classic" public quip in a heated exchange with an industry analyst.
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The Start of Another Financial Crisis
February 19, 2013 @ 15:20 PM | By Melanie Rodier
It's a deja-vu: the stability of the global markets could soon be under threat due to a looming crisis in the derivatives industry.
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Justice Department Works On New Model To Prosecute Banks
February 19, 2013 @ 12:52 PM | By Melanie Rodier
Banks have been getting off too easily. Now, the government is pushing to make them accountable for any wrongdoing.
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Did PwC's Role as Auditor Rubber Stamp MF Global's Internal Controls and Allow it to Raid Customer Funds?
November 05, 2012 @ 11:47 AM | By Ivy Schmerken
PricewaterHouse Coopers was added to a lawsuit by MF Global Customers, which accused it of turning a blind eye to the firm's internal controls.
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Why The U.S. Government Should Not Be Suing Bank of America
October 26, 2012 @ 09:47 AM | By Melanie Rodier
It's not the first time the government is targeting big banks, but it's probably not the right approach either.
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Financial Astrology For Traders: There Is Money in the Stars
September 21, 2012 @ 13:42 PM | By Melanie Rodier
Thousands of traders are subscribing to financial astrologers' newsletters. But of course, they're keeping it hush-hush.
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Gordon Brown: Europe Risks Going the Way of Japan
September 14, 2012 @ 12:14 PM | By By Gordon Brown, Reuters
The good news is that Europe is no longer going the way of Greece. The sad news is that it is threatening to go the way of Japan.
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Post-9/11 on Wall Street and Beyond: What Has, And Hasn't Changed
September 11, 2012 @ 10:58 AM | By Melanie Rodier
9/11’s impact was felt worldwide. It seemed that change was inevitable. But on Wall Street, that hasn't necessarily been the case.
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The Executive Compensation Revolution Shows Some Timid Results
September 10, 2012 @ 12:42 PM | By Melanie Rodier
JP Morgan chief executive Jamie Dimon, who has been in the news for all the wrong reasons in the last few months, could (and should) take a personal hit, given his bank’s $7 billion trading snafu. But in Wall Street board rooms, all is not as it seems.
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Post-Knight, A Newly Risk-Averse JP Morgan Reviews Dealings With Brokerages
August 31, 2012 @ 10:34 AM | By Melanie Rodier
JP Morgan's move could spark other firms to do the same, an article in the Wall Street Journal suggests.
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Citigroup CEO Shows Shaky, Skewed Recollection of the Financial Crisis
August 23, 2012 @ 11:22 AM | By Melanie Rodier
In a speech Vikram Pandit gave this week in Singapore, he basically congratulated himself and Citigroup’s executive team on restructuring the company after the financial crisis. But that's not exactly how things went down.
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Wall Street Is Leaderless, And That Might Be Fine
August 21, 2012 @ 11:32 AM | By Melanie Rodier
Wall Street has lost its most vocal advocate as investigations into JP Morgan's multi-billion dollar trading lost have sidelined Jamie Dimon, a Bloomberg article reports. But does the financial industry really need another Dimon?
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JP Morgan Adds Risk Staff, As Potential Losses Spiral
June 28, 2012 @ 12:21 PM | By Melanie Rodier
The new hires are in the chief investment office, the unit responsible for JP Morgan’s recent well-publicized trading losses.
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Cheated Again: Madoff Victims Receive Millions Less Than Trustee
May 29, 2012 @ 12:57 PM | By Melanie Rodier
Irving Picard’s fee is a huge $850 an hour. But is he worth his weight in gold?
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JPMorgan Risk Chief Had History of Trading Losses and Sanctions
May 21, 2012 @ 13:18 PM | By Melanie Rodier
Goldman's previous Wall Street firm received a slap on the wrist from regulators.
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Euro's Future Very Uncertain, Ex-British PM Tells TD Ameritrade Investors
May 11, 2012 @ 11:54 AM | By Melanie Rodier
If any European leader were to give a speech in my place, they would insist that the Euro will survive, Tony Blair said at the meeting in New York.
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Blankfein Opens Up On What Goldman Sachs Has Done Wrong, and Right
April 26, 2012 @ 09:20 AM | By Greg MacSweeney
Goldman Sachs CEO Lloyd Blankfein discusses the Greg Smith resignation letter, PR practices and more.
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