(Reuters) - A U.S. bank regulator is planning to issue a formal action against JPMorgan Chase & Co , demanding that the bank fix lapses in risk controls that allowed some of its traders to build a risky bet that lost $6.2 billion, the Wall Street Journal reported on Thursday.
The Office of the Comptroller of the Currency, a division of the Treasury Department that oversees banks, is not expected...
ICE to buy NYSE Euronext for $8.2 billion
Labels: BusinessREUTERS - In October, Jeff Sprecher, chief executive of upstart IntercontinentalExchange , approached NYSE Euronext CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London.
As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion deal announced on Thursday.
The deal will link up two powerful derivatives exchange...
Trafigura 2012 earnings fall below $1 bln - FT
Labels: BusinessSINGAPORE, Dec 21 (Reuters) - Commodities trader Trafigura
earned about $1 billion for the second straight year
in 2012, but down from a record achieved last year due to higher
staff costs and new investments, the Financial Times reported.
The privately-held company, based in Geneva and Singapore,
made a profit of $991.9 million in the year to September, down
11 percent from last year's record $1.11...
ICE to acquire NYSE in $8.2bn deal
Labels: BusinessLondon, Dec. 21 (ANI): IntercontinentalExchange (ICE), the 12-yr old firm dealing in contracts tied to energy and commodity prices, has agreed to buy NYSE Euronext for cash and stock in a deal worth 8.2 billion dollars.
As part of the deal, ICE also gains control of the Liffe (London International Financial Futures and Options Exchange) and stock exchanges in Paris, Lisbon, Brussels and Amsterdam....
Dec
20
NHL lockout has chilling effect on business
Labels: SportsBUFFALO, N.Y. (AP) — Most everywhere Lou Billittier turns these days, the Buffalo restaurateur is reminded of the NHL lockout, and its impact on his blue-collar, sports-mad town where Dominik Hasek became a star and the French Connection is still revered.Billittier misses the familiar faces of Sabres players having their traditional game-day lunch at his restaurant, Chef's. He recalled a recent...
Barring setback, Redskins' RG3 looks good to go
Labels: Sports * Kirk Cousins will start in place of Griffin wgho is sitting out with a sprained knee. (AP Photo/Rick Osentoski) less ASHBURN, Va. (AP) — Robert Griffin III looks good to go.The Washington Redskins rookie had a full practice Thursday for the second straight day as the team prepares for this week's game against the Philadelphia Eagles."I like...
AP IMPACT: Steroids loom in major-college football
Labels: SportsWASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...
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