MediaScrape News » Capital Markets

JP Morgan Chase CEO on NBC News Show Meet the Press Worth Watching

admin — Mon, 14 May 2012 22:45:04 +0000

JP Morgan Chase CEO Jamie Dimon’s interview on NBC’s Meet the Press is worth watching:

Visit msnbc.com for breaking news, world news, and news about the economy

JP Morgan Chase $2 Billion Trading Loss Could Affect Entire Banking Industry

admin — Mon, 14 May 2012 22:34:26 +0000

Although $2 billion isn’t a huge loss for a company the size of JPMorgan Chase, the fallout could be very significant.

Business Insider provides an interesting video on the veritable debacle:

Warren Buffett, Bill Gates Talk about Facebook Founder Mark Zuckerberg

admin — Tue, 08 May 2012 00:29:48 +0000

Bill Gates told CNBC that Facebook founder Mark Zuckerberg reminds him of himself in “certain ways.”

Concurrently, Warren Buffett affirms that there’s a “certain similarity” between Bill Gates and Mark Zuckerberg, saying, “They both have this intense focus.”

Facebook IPO on Track for mid-May 2012 Launch, Prospectus almost Complete for Regulators

admin — Wed, 02 May 2012 02:36:16 +0000

Facebook is on schedule for a mid-May I.P.O.

The social network giant is completing up its prospectus with regulators.

AllThingsD reported that Facebook was expecting to receive approval from regulators very soon.

Hong Kong Exchanges and Clearing to Bid for the London Metal Exchange, Other Bidders Too

admin — Tue, 01 May 2012 01:53:05 +0000

Hong Kong Exchanges and Clearing has confirmed that it is considering a bid for the London Metal Exchange (L.M.E.), as the battle gains momentum up for the world’s largest metal-trading platform.

In an open letter to regulators, the Hong Kong exchange affirmed that it was one of the potential bidders for the L.M.E.

The Asian firm, which is the world’s largest financial exchange based on market capitalization, joins both the NYSE Euronext and Intercontinental Exchange in the hunt for the L.M.E.

JPMorgan Chase Establishes Hong Kong Office as its Global Investment Banking HQ

admin — Tue, 24 Apr 2012 23:33:59 +0000

JPMorgan Chase has made Hong Kong its location for the head of global investment banking.

The bank announced that their head of global investment banking, Jeff Urwin now has the additional duties as the chief executive of Asia-Pacific operations.

China’s Banks are Starved for Cash, Tapping the Markets for $51.4 Billion, Citigroup Report

admin — Mon, 23 Apr 2012 16:06:41 +0000

While, China’s banks are among the largest and most profitable financial institutions in the world, the state-backed banks are also starved for capital after an aggressive lending spree encouraged that the government pushed for.

Over the past twelve months, seven of the biggest Chinese banks tapped the markets for 323.8 billion renminbi ($51.4 billion ) in new funds, according to recent Citigroup estimates.

Revenues of General Electric Subsidiary GE Capital Fall 12%, GE to focus on Industrial Unit

admin — Fri, 20 Apr 2012 21:40:27 +0000

GE Capital, the finance arm of industrial giant General Electric (GE), continues to fail.

The unit reported that revenue was down 12% from the same period a year ago.

The decline was broad, spread across the consumer, commercial and real estate lending operations of GE Capital.

GE intends to reduce its investment in the unit, and increase its focus on its core industrial businesses, which are improving in step with the improving U.S. economy.

Goldman Sachs Reports Q1 Results, Warren Buffett Diagnosed with Cancer

admin — Tue, 17 Apr 2012 22:54:48 +0000

Goldman Sachs reported Q1 results that beat analyst estimates. Profit was $2.1 billion, down 23% from the year-ago period.

In other financial news, Warren Buffett has disclosed that he has been diagnosed with a non-threatening form of cancer.

Former Morgan Stanley Joins Peer-to-Peer Lender Lending Club

admin — Fri, 13 Apr 2012 01:33:32 +0000

John J. Mack the former CEO of Morgan Stanley has joined the Board of Lending Club, a start-up focused on peer-to-peer lending.

Lending Club has originated approximately $500 million in loans, and averages over $1 million in loan originations per day.

Mack is also a senior adviser to Kohlberg Kravis Roberts, and in late 2012 he joined the Board of Rêv Worldwide, a provider of prepaid debit cards.