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31May/120

JPMorgan not triggering major regulatory rethink

NEW YORK - Bank regulators are holding daily, high-level calls to try to understand how a seemingly low-risk unit at JPMorgan was able to amass a $2 billion trading loss, but there are no immediate plans to revamp how the nation's largest banks are supervised, according to a source familiar with the matter.

reuters.com

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31May/120

Insight: Gains that funds made on bets by JPMorgan whale may be limited

- JPMorgan Chase & Co's losing bets in credit derivatives were so huge that one of its traders was known as "the London whale" and the hedge funds that attacked him have often been portrayed as harpooners who made a killing. But the story, it turns out, is more complicated than that.

reuters.com

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31May/120

Employers still cutting back on benefits

Slashed health care coverage and frozen wages were the hallmark of the recession -- at least for those who held onto their jobs. Yet even though the economy has improved, many of the employee benefits that were once guarantees are starting to look like a thing of the past.

CNNMoney.com

31May/120

Rosengren wants more Fed easing; Dudley, Fisher don’t

SAN ANTONIO/WORCESTER, Massachusetts - Underscoring the divide at the U.S. Federal Reserve over its next move, Boston Fed President Eric Rosengren on Wednesday called further policy easing to bring down high unemployment even as two other top Fed officials said no further action was now needed.

reuters.com

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30May/120

Rosengren wants more Fed easing; Dudley, Fisher don’t

SAN ANTONIO/WORCESTER, Massachusetts - Underscoring the divide at the U.S. Federal Reserve over its next move, Boston Fed President Eric Rosengren on Wednesday called further policy easing to bring down high unemployment even as two other top Fed officials said no further action was now needed.

reuters.com

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30May/120

U.S. Ex-Im bill signing lifts “cloud” over business

WASHINGTON - U.S. exporters like Boeing that use government financing for overseas sales can plan with more certainty after President Barack Obama signs legislation on Wednesday to renew the U.S. Export-Import Bank's charter through September 2014, Ex-Im Bank President Fred Hochberg said.

reuters.com

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28May/120

HK’s Kwok brothers renew bail; bribery case saps confidence

HONG KONG - The two billionaire Kwok brothers who run Sun Hung Kai Properties and three other men arrested in a bribery scandal involving Asia's biggest developer renewed their bail on Monday as Hong Kong's highest-profile graft investigation saps shareholder confidence in the conglomerate.

reuters.com

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28May/120

Hong Kong graft probe takes toll on Sun Hung Kai investors

HONG KONG - More than $7 billion has been wiped off the market value of Sun Hung Kai Properties since the billionaire Kwok brothers who run the Asia's biggest developer were arrested in a corruption investigation in late-March, sapping shareholder confidence in the Hong Kong conglomerate.

reuters.com

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27May/120

Hong Kong graft probe takes toll on Sun Hung Kai investors

HONG KONG - More than $7 billion has been wiped off the market value of Sun Hung Kai Properties since the billionaire Kwok brothers who run the Asia's biggest developer were arrested in a corruption investigation in late-March, sapping shareholder confidence in the Hong Kong conglomerate.

reuters.com

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26May/120

Nomura linked to another insider trading case: sources

TOKYO - Japan's securities regulator will seek a fine against a fund management arm of Sumitomo Mitsui Trust Holdings for insider trading for the second time and believes an employee of broker Nomura Holdings was again the source of the leak, two people with direct knowledge of the matter said.

reuters.com

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