Barry Zubrow, JPMorgan’s head of regulatory affairs, will step down from the position by the end of the year, The Wall Street Journal says, as Jamie Dimon continues to shake up his inner circle. Four former members of the firm’s operating committee have left the bank or accepted lesser jobs in the last year, Read More
Another day, another way to illustrate the dismal state of some European economies. Which is to say that while the headlines focused on Spanish economy minister Luis de Guindos’ comments regarding his expectation that Spain will tap $75 billion in bailout funds promised by European finance ministers earlier this summer, or Europe’s renewed focus on Greece, our attention wandered to a Wall Street Journal article on a local currency called the puma. Read More
British lawmakers published results of their investigation into Barclays efforts to manipulate Libor and other interbank lending rates. They were less than happy with cooperation provided by former CEO Bob Diamond.
Deutsche Bank is one of four European lenders being investigated by U.S. authorities for possible violations involving oil-trading and Iran, a source told Bloomberg. Read More
Libor arrests: U.S. and European regulators are on the verge of arresting traders believed to have manipulated Libor and other interbank lending rates, Reuters reports. The arrests, and criminal prosecutions or plea agreements to follow, are largely separate from enforcement actions regulators are pursuing against individual banks.
Soft tactics: The Federal Reserve Bank of Read More
