Business Posts
JPMorgan Trading Loss - If 'Catastrophe In Europe...They're Probably Not Positions That Anyone Would Want To Have'
Michael Platt of BlueCrest Capital Management spoke with Bloomberg Television’s Stephanie Ruhle and Erik Schatzker Monday.
BlackRock Sale Is Bad Timing For Barclays
The quibble with Barclays' sale of its 19.6% stake in US-based fund manager BlackRock is the timing. The UK bank has been free to sell since last September and eight weeks ago enjoyed the pleasant sight of BlackRock's shares trading above $200 for the first time in a year.
Facebook Shares Fall Sharply On Second Day Of Trading On Nasdaq
Facebook shares have fallen sharply on a second day of trading, leading to questions about the valuation of its IPO and the handling of the sale by its bankers.
Featured Deal For CHICAGO
Up to 55% Off at Pottawatomie Golf Course
9-Hole Round of Golf with Drinks and Hot Dogs for Two or Four at Pottawatomie Golf Course in St. Charles (Up to 55% Off)
Barclays Sells BlackRock Stake
Barclays Plc, the U.K.’s second-largest bank by assets, will sell its entire $6.1bn stake in BlackRock Inc. before the latest round of Basel rules stops it from counting the holding as capital.
Facebook's Mark Zuckerberg Loses Almost $2bn As Share Price Falls
Mark Zuckerberg's fortune dwindled by nearly $2bn (£1.3bn) to $18.7bn within minutes on Monday as trading began again in Facebook shares – which promptly plunged by nearly $5, or more than 10%, from their Friday closing price of $38.23.
UK Banks Are Ready For Greek Exit, Says Bank of England Adviser
Britain's banks are strong enough to withstand any Greek exit from the eurozone but need to keep bolstering their financial strength in the face of the escalating crisis, according to a member of a Bank of England regulatory body.
Man Slides After S&P Moves Outlook On Hedge Fund To Negative
Shares in Man have been volatile for some while on worries about the hedge fund's performance, and they have fallen again after negative noises from Standard & Poor's.
UK 'May Never Fully Recover' If Greece Exits Euro
A Greek exit from the single currency threatens to plunge Britain into a second recession equal in ferocity to the record postwar slump of 2008-09, according to the expert responsible for the government's economic forecasting.
Senate Summons JP Morgan's Jamie Dimon To Explain $2bn-Plus Losses
The Senate banking committee plans to call JP Morgan boss Jamie Dimon to Washington to explain how the bank lost $2bn in poorly-supervised trading.
Videos
