Optimism returns to the markets: Dow Jones up 1.7 percent as stocks shake post-election slump encouraged by signs of progress to avoid impending ‘fiscal cliff’

http://www.dailymail.co.uk/news/article-2235497/Optimism-returns-markets-Dow-Jones-1-7-percent-stocks-shake-post-election-slump-encouraged-signs-progress-impending-fiscal-cliff.html By David Mccormack PUBLISHED: 00:00 EST, 7 November 2012 | UPDATED: 17:58 EST, 19 November 2012 U.S. stocks shook off their post-election slump Monday, recording their biggest gain in more than two months. It was the market’s first big, broad rise since election day, Nov. 6. Investors appeared more optimistic that Washington will reach […]

Back to reality for Obama: Dow Jones plunges 2.4 per cent in market’s WORST day of the year in wake of president’s re-election

http://www.dailymail.co.uk/news/article-2229309/Election-2012-Stocks-plummet-wake-President-Obamas-election.html President Obama was snapped back into the reality of dealing with a fragile economic recovery today as stocks plunged in the market’s worst day of the year in the wake of his re-election. The Dow Jones industrial average plummeted 2.4 percent, or 313 points, capping the market’s worst performance since Nov. 9, 2011 and […]

Dow drops more than 200 POINTS in less than an hour of trading as analysts fear Spain may need formal bailout

http://www.dailymail.co.uk/news/article-2177744/Dow-drops-200-POINTS-hour-trading-analysts-fear-Spain-need-formal-bailout.html Euro falls to 11-year low against the yen and 2-year low versus U.S. dollar More Spanish regional governments expected to call on central government for help, sparking fears Spain will need full bailout By 4pm the Dow was back to only being 78 points down By Adrian Lowery and Daily Mail Reporter PUBLISHED: 09:33 […]

Report: JPMorgan trading losses may reach $9B

http://news.yahoo.com/report-jpmorgan-trading-losses-may-reach-9b-105948764–finance.html Associated Press – 8 hrs ago NEW YORK (AP) — Shares of JPMorgan Chase & Co. tumbled Thursday as a published report said that the bank’s losses on a bad trade may reach as much as $9 billion — far higher than the estimated $2 billion loss disclosed last month. In May, JPMorgan said the loss […]

Asia stocks tumble, Tokyo hits 28-year low amid global rout Reuters

http://finance.yahoo.com/news/asia-stocks-tumble-tokyo-hits-28-low-amid-025223067–finance.html By Chikako Mogi | Reuters – 1 hour 21 minutes ago TOKYO (Reuters) – Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Tokyo’s broader […]

Were investors misled about how much Facebook was REALLY worth? Watchdog to investigate claims investors were not told about lower ‘forecasts’

http://www.dailymail.co.uk/news/article-2148414/Wall-Street-watchdog-set-investigate-Facebook-IPO-claims-Morgan-Stanley-failed-alert-investors-lower-revenue-forecast.html Senior Nasdaq official reportedly tells customers it would have pulled out of Facebook IPO if they had known extent of problems In three days of trading, Facebook’s stock value has dropped a whopping 18 per cent Morgan Stanley subpoenaed by authorities in Massachusetts over the underwriter’s discussions with investors At least one investor sues […]

CEO of JPMorgan admits he was ‘dead wrong’ in the wake of bank’s $2 BILLION trading loss

http://www.dailymail.co.uk/news/article-2143851/CEO-JPMorgan-admits-dead-wrong-wake-banks-2-BILLION-trading-loss.html By Associated Press PUBLISHED: 13:12 EST, 13 May 2012 | UPDATED: 13:13 EST, 13 May 2012 The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was ‘dead wrong’ when he dismissed concerns about the bank’s trading last month. CEO Jamie Dimon said he did not know the extent […]

Boss of Voldermort trader who lost $2bn at JP Morgan earns $14m a year as credit agencies give bank bleak outlook

http://www.dailymail.co.uk/news/article-2142866/JPMorgan-Chase-trader-Bruno-Michel-Iksil-thought-2bn-loss.html Ina Drew oversaw JP Morgan office where huge losses were made French-born, British-based Bruno Michel Iksil believed to be responsible Dubbed the ‘London Whale’, be bragged ‘he could walk on water’ Believed to be part of Chief Investment Office at heart of bank’s losses $14billion wiped from JP Morgan’s value after shares slump 9.3 […]

Revealed: London trader known as ‘Voldemort’ who is suspected of blowing bank’s staggering $2billion loss

http://www.dailymail.co.uk/news/article-2142866/JPMorgan-Chase-trader-Bruno-Michel-Iksil-thought-2bn-loss.html French-born, British-based Bruno Michel Iksil believed to be responsible Dubbed the ‘London Whale’, be bragged ‘he could walk on water’ Believed to be part of Chief Investment Office at heart of bank’s losses Ina Drew, boss of CIO, was paid $14million last year Shares in British banks fall: Barclays, RBS and Lloyds all hit […]

Fed Unveils Doomsday Scenario for Banks

http://www.cnbc.com/id/46709890 Published: Monday, 12 Mar 2012 | 5:37 PM ET By: CNBC.com and wires The Federal Reserve released its “worst-case scenario” bank stress test criteria Monday and said it will release full results Thursday at 4:30 p.m. ET.  The Fed will look at how the nation’s 19 largest banks would survive a world with a […]