Tag Archives: fallout

Eurozone slides back into recession

Posted on November 16, 2012 by admin

The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region's financial crisis was felt from Amsterdam to Athens. Continue reading →

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TMZ Live: Joe Paterno … NAILED by Investigators

Posted on July 12, 2012 by admin

Investigators left no doubt … Joe Paterno played a huge role in covering up the Jerry Sandusky child molestation scandal. So, now what will JoePa’s supporters say? Continue reading →

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World on red alert for Greek vote

Posted on June 15, 2012 by admin

NEW YORK/SINGAPORE (Reuters) – Urgent messages flashed on cellphones, email alerts popped up and telephones rang for a team at asset manager Legg Mason on Friday. Dial in to a conference now, the 30-strong enterprise risk management team was told. A major event is underway Continue reading →

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World on red alert for Greek vote

Posted on June 15, 2012 by admin

NEW YORK/SINGAPORE (Reuters) – Urgent messages flashed on cellphones, email alerts popped up and telephones rang for a team at asset manager Legg Mason on Friday. Dial in to a conference now, the 30-strong enterprise risk management team was told Continue reading →

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Facebook ripple on IPO market already felt

Posted on May 26, 2012 by admin

(Reuters) – The ripple effects of Facebook Inc’s botched IPO appear to already be hitting the market for initial public offerings as two companies this week pushed back their market debuts. Continue reading →

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Shares of Facebook continue to slide

Posted on May 22, 2012 by admin

Shares of Facebook continued to slide Tuesday, even as the broader market managed a modest gain, as fallout from the company’s IPO last week continued. Continue reading →

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JPMorgan $2 bln loss hits shares, credit, image

Posted on May 12, 2012 by admin

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street’s most respected banks embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss. “We know we were sloppy. Continue reading →

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JPMorgan $2 bln loss hits shares, credit, image

Posted on May 12, 2012 by admin

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street’s most respected banks embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss Continue reading →

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JPMorgan $2 billion loss hits shares, credit, image

Posted on May 12, 2012 by admin

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $15 billion (9.33 billion pounds) in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street’s most respected banks embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss Continue reading →

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Be very afraid of the Canadian housing bubble

Posted on April 16, 2012 by admin

The real estate industry, the banks and federal finance minister Jim Flaherty all say there is no housing bubble in Canada. Don Pittis, however, argues that we should gird ourselves for the fallout when the bubble pops, because the consequences would be extraordinary. Continue reading →

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