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JPMorgan returns $168m to MF trustee
The money is not part of the more than $1bn in missing customer cash that has been missing since the broker-dealer filed for bankruptcy in October
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Spain’s pain becomes Europe’s big fear
Fears about contagion from Greece and worries about the health of Spanish banks have shifted the focus of the crisis from Athens to Madrid
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Banking: Back to the wall
JPMorgan Chase’s $2bn loss tarnishes the reputation of chief executive Jamie Dimon as a hawk-eyed risk manager prepared to confront regulators
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Savers jittery after Santander rating cut
Credit downgrades in Spain put Santander’s UK customers on edge, despite repeated assurances that deposits in Britain are guaranteed
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Barnier needs to choose his battleground
The regulator must choose the right strategy and select his targets carefully if his campaign against banking industry excess is to succeed
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Spain hit by rise in bad bank loans
Value of bad loans held by banking sector increased a third during the past year to €148bn and accounted for 8.4% of their entire loan portfolios
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Spain taps Goldman to value Bankia
US investment bank will advise on the recapitalisation of the part-nationalised bank, with analysts predicting it will need up to €15bn in new equity
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Banks poised to seize YPF stake
Petersen Energía has defaulted on a loan from Credit Suisse, Goldman Sachs, BNP Paribas and Itaú that was used to fund its purchase of YPF shares
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US lawmakers seek Volcker rule clarification
The White House and Treasury Department are asked to publicly state their position on whether a particular form of trading should be allowed under the Volcker rule
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Senate backs Fed nominees
The body confirmed two nominees for the Federal Reserve Board of Governors, giving the panel a full seven members for the first time in six years
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Ex-UKFI chief Cooksey joins hedge fund
Sir David will sit on advisory board of Strategic Value Partners, which manages $4bn of assets and focuses on acquiring struggling companies’ debts
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Dimon to testify before Senate
Jamie Dimon will appear before the upper house’s banking committee in the wake of his bank’s $2bn trading losses on credit derivatives
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JPMorgan unit has $100bn of risky bonds
Chief investment office that lost $2bn builds up huge positions in complex products at the heart of 2008 crash – but bank plans to lower its exposure
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Spain moves to calm bank fears
Moody’s conducts downgrade of country’s lenders as the government in Cyprus said it would underwrite a €1.8bn capital raising by Popular Bank of Cyprus
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Bankia hit by report of withdrawals
Part-nationalised lender’s shares placed ‘under auction’ by regulator after it loses more than a quarter of its market value in Madrid
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HSBC wary of retail ringfence regime
The bank warns that regulatory curbs contained in last year’s Vickers Report may make it harder for it to invest in its UK home market
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Bankia bought own shares before bailout
The Spanish savings bank’s move helped to prop up its stock price, say analysts, but it broke no rules in raising its holding to 4.3%
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Big banks need extra $566bn, says Fitch
Rating agency suggests 29 ‘global systemically important financial institutions’ face hurdles if they are to meet the tougher Basel III standards
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BCCI liquidators to stand down
One of the longest corporate wind downs in history cost $1.7bn and took 21 years as it triggered 70,000 claims from local councils to Abu Dhabi
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London loses financial jobs to regions
Edinburgh, Manchester and other regional cities help companies take advantage of lower costs, report shows
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