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Global shadow banking hits $67 trillionThe system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of More… |
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Derivatives 'led to Aabar ditching Daimler stake'Aabar's disposal of its stake in Daimler earlier this month was triggered by a failed derivatives deal underpinning the Abu Dhabi investment firm's purchase of the shares, sources familiar with the matter said. More… |
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JP Morgan CIO chief quits after trading lossJP Morgan Chase & Co sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 billion or more and which have tainted the reputation of the bank's high profile chief executive Jamie Dimon. The More… |
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JPMorgan reacted badly to red flags: CEOJPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large losses in financial derivatives trading, a $2 billion embarrassment that has given banking regulators new ammunition. In an i More… |
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S&P revises JPMorgan outlook to negativeStandard & Poor's Ratings Services has revised its outlook on JPMorgan Chase & Co to negative from stable, the latest blow to the bank after it revealed a shocking $2 billion trading loss from a failed hedging strategy. Standard &a More… |
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JPMorgan reveals $2 billion trading lossJPMorgan Chase & Co, the biggest US bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon. More… |
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ICAP opens Dubai office in derivative pushICAP, the world's largest interdealer broker, has opened an office in Dubai with a financial futures and options team, as the British firm seeks to expand its derivatives business in the Middle East. ICAP said on Wednesday its Dubai office More… |
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Kuwait bourse targets derivatives, transparencyKuwait's stock exchange will clamp down on trading 'misbehaviour' and offer investors a fairer playing field in the biggest overhaul of its trading system in nearly two decades, a senior bourse official said on Monday. The exch More… |
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Bahrain Financial Exchange eyes 20 firmsBahrain Financial Exchange (BFX) has managed to attract five regional companies to the kingdom since it was set up and it is now looking to increase this to 20 by the end of the year. "This is something we are doing that is positive for th More… |
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Marisk picks Fincad derivatives valuationAbu Dhabi-based Marisk Consultants said it has selected Canada-based Fincad's F3 as its derivatives valuation and risk management solutions. A leading provider of financial analytics technology with more than 4,000 clients in over 80 More… |
