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Sunday, 17 December 2017

Christian Murray' s stories

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  • Jamie Dimon, chairman and chief executive of JP Morgan Chase and Co,

    Dimon's words come back to haunt

    People & Markets | 18 May 2012

    “A tempest in a teapot”: five words that Jamie Dimon may rue for a very long time.

  • Wall-Street

    Wall Street faces tougher rules

    People & Markets | 18 May 2012

    Bank advocates said that tougher regulation is likely after JP Morgan revealed potential losses linked to supposed hedges.

  • Ina Drew

    P&M: JPM’s CIO head steps down

    Capital City | 14 May 2012

    Ina Drew, the head of JP Morgan’s chief investment office, has agreed to step down in what is likely to be first of several departures in the wake of US$2bn of trading losses. Drew, a 30-year veteran, is retiring from the firm.

  • A US flag flies above Wells Fargo headquarters in San Francisco

    Wells Fargo looks to investment bank for growth

    People & Markets | 11 May 2012

    Wells Fargo is planning an expansion of its investment banking and prime brokerage businesses, as it seeks to counter a slowdown in its traditional deposit taking and mortgage activities.

  • US banks face return slump

    People & Markets | 11 May 2012

    Large US banks are likely to see significant reductions in their returns on tangible common equity in the next two or three years, according to analysts, as they rush to comply with new capital rules.

  • Trading loss ignites Volcker advocates

    Top News | 11 May 2012

    The Volcker Rule hawks were quick to reappear after JP Morgan announced to the world that it had taken a US$2bn loss on its synthetic credit hedging portfolio.

  • An ATM machine at a Bank of America office is pictured in Burbank, California

    Bank of America cuts further

    People & Markets | 04 May 2012

    Bank of America Merrill Lynch is to cut a further 300 jobs, with bankers at the firm’s mergers and acquisitions and equity underwriting franchises most at risk because of a slowing pipeline, according to insiders.

  • Goldman shuts down dark pool, citing commercial reasons

    People & Markets | 04 May 2012

    Goldman Sachs’ desire to form an alternative trading system in Canada failed just five months after establishing it. The bank formed Sigma X Canada, a trading operation that listed Canadian equities in a non-transparent marketplace, known as dark pools. However, after establishing it on October 24, very little trading occ

  • Confusion over Volcker deadline

    People & Markets | 27 April 2012

    Last week, the Federal Reserve granted banks a two-year period to comply with the Volcker Rule in a move initially welcomed by them, since it took away the remote possibility they might have to meet the full requirements by July 21 this year, the date the rule officially takes effect.

  • US bankers face remuneration votes

    People & Markets | 27 April 2012

    The board rooms at major US banks were put on high alert recently when 55% of shareholders at Citigroup rejected the US$15m pay package of its chief executive Vikram Pandit.