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EU fines first U.S. banks in rate rigging scandal

Published on December 4, 2013 By admin

The following article is brought to you by Danielle Douglas at WashingtonPost.Com JPMorgan Chase and Citigroup have become the first U.S. banks fined for the alleged manipulation of benchmark interest rates that affect hundreds of billions of dollars in contracts around the world. On Wednesday, the European Commission slapped six financial giants, including Deutsche Bank, […]

JPMorgan’s Jamie Dimon: I Won’t Feel Bad If We Lose $5B In Europe

Published on January 10, 2012 By admin

The following is brought to you by Agustino Fontevecchia at Forbes.Com In a televised interview on Monday, JPMorgan Chase CEO Jamie Dimon said he sees housing prices bottoming out and a recovery beginning to take place in the U.S. while he insisted he wouldn’t mind losing $5 billion in peripheral Europe as long as his […]