Stanchart, HSBC and JP Morgan all on a page and no space for anything else after some obligatory adverts.
Oh, they must all hope to get away as Goldman Sachs is (see below)
I think it is a choice between the noose or arsenic. Goldman is having arsenic. The business environment for banks is so bad.
I think the Americans are very very unhappy with the Brits. The biggest scandals especially the transactions AIA entered into were all done in London. They have no confidence in the Brits any more to regulate finance but wouldn't say so publicly.
| Breaking News |
| Justice department ends Goldman probe |
| The US Department of Justice has decided not to charge Goldman Sachs or any of its employees following a high-profile investigation of the bank’s subprime mortgage deals, including the infamous “Abacus”. Carl Levin, the Massachusetts Democrat who heads the Senate permanent subcommittee on investigations, last year requested that the DoJ look into Goldman following the Senate group’s own inquiry. Mr Levin and others had criticised the bank for misleading investors about bundled mortgage deals, including collateralised debt obligations such as Abacus and “Hudson". http://link.ft.com/r/OZMCDD/ |
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CNBC Stand-In Reporter Admits Financial System Changeover: “They’re Going to Put the Old System In a Coma”!
ReplyDeleteFrom the CNBC show Squawk Box – August 10, 2012
http://video.cnbc.com/gallery/?video=3000108212
J P Morgan Chase Libor Subpoenas Coming From Everybody In The World
ReplyDeleteBy Mark Gongloff, The Huffington Post – August 9, 2012
http://www.huffingtonpost.com/2012/08/09/jpmorgan-chase-libor-subpoenas_n_1760015.html