banking

Golf is one of the sports associated with the CEOs of big banks, so it is not surprising that Jamie Dimon is expert at seeking to invoke Winter Rules whenever JPMorganChase (NYSE: JPM) finds that its actions have placed it in an unfavorable lie.  Golfers know that they cannot unilaterally invoke...

7 things you should do for your financial health in 2012.     1. Invest in yourself. Stop slapping yourself on the wrist for those small indulgences like latte and nail polish. Treat yourself to the smaller things and you’ll be a happier, more productive person in the long run. Remember...

From Bloomberg.... The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn't tell anyone which banks were in trouble so deep they required a combined...

Someone has created a fabulous, richly detailed parody of Austrian economics. They call it The Daily Bell and claim that its perspective reflects Austrian economics. In reality, it satirizes faux Austrian economics' sycophancy toward elite white-collar criminals. http://thedailybell.com/3206/...

EUR/USD The Euro was unable to regain the 1.44 level in European trading on Thursday and was again subjected to heavy selling pressure as it dipped to the lowest level since the middle of August. The latest PMI data was weaker than expected with the revised manufacturing index dipping to the lowest...

Half-way through the trading day, stocks climbed back into positive territory, led by the technology stocks. Stocks had slid into the red after retail sales data disappointed traders. A report from Europe that mentioned that 11 banks will fail their stress test also pressured the stocks in the...

The Chairman of a 10-member inquiry commission given subpoena power by Congress in order to carry out the task of examining the nation's financial crisis and discovering its causes had strong words for the CEOs of some of the nations top banks. "How do you go to the rating agencies and persuade...