Posted by admin on June 3, 2010 · Leave a Comment
The British financial watchdog Financial Services Authority has fined J.P. Morgan’s London arm about $49 million for mishandling clients’ funds, the largest penalty ever delt by the FSA. J.P. Morgan was fined for mixing client money with the firm’s own funds.
The Financial Services Authority said JPMorgan did not “adequately protect” client money held by its [...]
Filed under Finance, News · Tagged with client funds, financial crime, Financial Services Authority, FSA, investment bank, JPMorgan, JPMorgan Chase, JPMorgan Securities, mixing client money, The British financial watchdog
Posted by admin on May 4, 2010 · Leave a Comment
Consumers probably have more to lose than gain from a merger of United Airlines and Continental Airlines.
The consumer impact “is mainly bad,” says Ed Perkins, a columnist with SmarterTravel.com. “If you look at what the financial people are saying, the whole purpose of the merger is to reduce competition so they can raise fares. [...]
