Skip Navigation

HITC BUSINESS
Register for HITC Email Alerts
Contact HITC
Apply to write for us

BusinessFinancial Markets

Barney Frank Supports JPMorgan, Goldman Blooper, Citi Potential

posted: 7 months ago

Barney Rubble v Barney Frank

Democratic Congressman Barney Frank defended the largest U.S. bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase for the alleged misdeeds of Bear Stearns

Reuters reports that Frank said: 'The decision now to prosecute J.P. Morgan Chase because of activities undertaken by Bear Stearns before the takeover unfortunately fits the description of allowing no good deed to go unpunished'.

And here's a small Goldman blooper. The Daily Telegraph reports that the firm’s research team may have let slip its real feelings about ICAP’s departing Chief Operating Officer, Mark Price.

'ICAP have announced the resignation of Mark Price, the group’s chief overstating (our italics) officer, after a year in the role', wrote Goldman analyst Chris Turner in his Turner-round financial news update Monday.

Finally, Reuters reports that Saudi billionaire Prince Alwaleed bin Talal, who has a stake in Citigroup, said on Monday the U.S. bank has great potential under new management following the departure of Vikram Pandit as chief executive.

Barney Frank cries foul in government's lawsuit against JPMorgan

City Diary: Goldman Sachs overstates its call on ICAP departure

Alwaleed says Citigroup has great potential

blog comments powered by Disqus

Register for Financial Markets email alerts

Recruitment Directory
Training Firms We Like

Latest in Financial Markets

back-up
more