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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Forget the low end of JPMorgan’s (JPM) assertion of $0-$6B in possible losses from the FHFA lawsuit over $33B in MBS, writes Alison Frankel. A judge’s Monday decision allowing the suit (and a similar one against Merrill Lynch) to go forward blew up…

Category : Stocks

Forget the low end of JPMorgan’s (JPM) assertion of $0-$6B in possible losses from the FHFA lawsuit over $33B in MBS, writes Alison Frankel. A judge’s Monday decision allowing the suit (and a similar one against Merrill Lynch) to go forward blew up nearly every argument made by the banks, including the key one that Frannie – being so sophisticated with MBS – should have known better. The banks don’t want this is front of a jury. Look for a settlement before the summer 2014 trial date. 15 comments!

Link: Forget the low end of JPMorgan’s (JPM) assertion of $0-$6B in possible losses from the FHFA lawsuit over $33B in MBS, writes Alison Frankel. A judge’s Monday decision allowing the suit (and a similar one against Merrill Lynch) to go forward blew up…

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Notable earnings before Friday’s open: [[DRH]], [[INFY]], [[JPM]], [[WFC]]

Category : Stocks, World News

Notable earnings before Friday’s open: DRH, INFY, JPM, WFC Post your comment!

Read more here: Notable earnings before Friday’s open: [[DRH]], [[INFY]], [[JPM]], [[WFC]]

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The FDIC filed suit on Friday against 11 major banks for allegedly mispresenting the quality of the loans that were packaged together in over $388M of mortgage bonds sold to Alabama-based Colonial Bank, which failed three years ago after being…

Category : Stocks, World News

The FDIC filed suit on Friday against 11 major banks for allegedly mispresenting the quality of the loans that were packaged together in over $388M of mortgage bonds sold to Alabama-based Colonial Bank, which failed three years ago after being defrauded by Taylor, Bean & Whitaker Mortgage. The banks sued include the usual suspects of JPMorgan (JPM), Citigroup (C), BofA (BAC) and Wells Fargo (WFC). 1 comment!

View post: The FDIC filed suit on Friday against 11 major banks for allegedly mispresenting the quality of the loans that were packaged together in over $388M of mortgage bonds sold to Alabama-based Colonial Bank, which failed three years ago after being…

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JPMorgan ([[JPM]] -2.1%) underperforms its TBTF brethren, lit up bright red after Deutsche’s Matt O’Connor downgraded this morning. "Risks at most peers no longer seem to be outsized vs. those at JPM – liquidity and capital differences have…

Category : World News

JPMorgan (JPM -2.1%) underperforms its TBTF brethren, lit up bright red after Deutsche’s Matt O’Connor downgraded this morning. “Risks at most peers no longer seem to be outsized vs. those at JPM – liquidity and capital differences have narrowed and certain peers seem ready to be more aggressive in maintaining/gaining market share.” Post your comment!

Read more from the original source: JPMorgan ([[JPM]] -2.1%) underperforms its TBTF brethren, lit up bright red after Deutsche’s Matt O’Connor downgraded this morning. "Risks at most peers no longer seem to be outsized vs. those at JPM – liquidity and capital differences have…

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Buy eBay! Against the Grain

Category : Stocks

Marek Fuchs, senior contributing analyst at TheStreet, praises eBay’s dumb luck and skill. Plus, the week’s performance review.

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Market Preview: Not So Great Expectations

Category : Stocks

NEW YORK (TheStreet) — Those looking to second-quarter reporting season to bring the U.S. equity market back to the highs of the year despite softening economic data and Europe’s debt crisis should be careful about getting their hopes up.

Like clockwork, trepidation about earnings season is starting to boil up just ahead of the first rash of reports that matter, i.e. the big banks like JPMorgan Chase and Wells Fargo, which are both due on Friday.

UBS is predicting the S&P 500 should be able to deliver a “modest” 2% beat overall, a performance that’s reflected in its top-down estimate for a profit per share of $25.75 but the firm notes that the consensus view is indicative of “slower growth than we’ve experienced over the past three years.” …

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Chicago investor Karen Kalaway has sued Barclays (BCS), JPMorgan (JPM), Citigroup (C) and others for damage to her futures-trading business because of the manipulation of the Euribor rate. Kalaway hopes to represent all U.S.-based investors who…

Category : Stocks, World News

Chicago investor Karen Kalaway has sued Barclays (BCS), JPMorgan (JPM), Citigroup (C) and others for damage to her futures-trading business because of the manipulation of the Euribor rate. Kalaway hopes to represent all U.S.-based investors who traded in Euribor-related vehicles from 2005-2009. Is this just the beginning of the legal fun? 2 comments!

See the rest here: Chicago investor Karen Kalaway has sued Barclays (BCS), JPMorgan (JPM), Citigroup (C) and others for damage to her futures-trading business because of the manipulation of the Euribor rate. Kalaway hopes to represent all U.S.-based investors who…

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Barclays Scandal Was Born of Diamond’s Derivatives Bet

Category : Business, Stocks

Updated to reflect Barclays emails, testimony and U.K. chancellor statement

NEW YORK (TheStreet) — In the casino-like world of the over the counter (OTC) derivatives trading market, Barclays and its former chief executive Bob Diamond played a winning hand.

Until they lost it all this week. …

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Read more here: Barclays Scandal Was Born of Diamond’s Derivatives Bet

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Pre-Marketing: Diamond deflects blame

Category : Stocks

Also: Microsoft’s lost decade. Ex-JPM trader wins big by betting against the bank.

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JPMorgan ‘Confessions’ Fall on Deaf Ears

Category : Business, Stocks

NEW YORK (TheStreet) — Cue the outrage. The New York Times ran a big headline on Tuesday:

“Former Brokers Say JPMorgan Favored Selling Bank’s Own Funds Over Others.”

The Times was, to borrow from Casablanca’s Captain Renault, shocked, shocked to find that banks favor selling more profitable in-house products over those put out by competitors. …

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Go here to read the rest: JPMorgan ‘Confessions’ Fall on Deaf Ears

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