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Wells Fargo Slashes Money Manager Programs, Angers Brokers
April 19, 2013 @ 11:06 AM | By Phil Albinus

Meanwhile, the number of investors pulling money out of hedge funds levelled off last month.

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Bloomberg Files Lawsuit on Swaps Trading, Contesting Margin Rules
April 17, 2013 @ 13:28 PM | By Ivy Schmerken

Argues that CFTC's rule imposing higher margins on swaps than comparable swap futures, is not based on risk analysis and will harm swap execution facilities..

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Once Swaps are in the Clearinghouse, the Real Work Begins
April 12, 2013 @ 16:45 PM | By Ivy Schmerken

This week trueEX said it plans to launch a service to provide termination, compaction, re-balancing and backloading to CME clearing clients.

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Jamie Dimon Scrambles to Keep CEO-Chairman Role
April 09, 2013 @ 10:56 AM | By Phil Albinus

Do you hear that sound coming from Wall Street? It’s the sound of JPMorgan Chase directors scrambling hard so that Jamie Dimon gets to keep both his CEO and chairman jobs for America’s largest bank.

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Minding the Boys: Operational Risk on the Trading Floor
March 21, 2013 @ 13:31 PM | By Phil Albinus

Bad lads, poor handwriting and preening managers - let's take a look at operational risk on the floor of a London brokerage.

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Options Market Structure: Is it Getting Too Complex?
March 20, 2013 @ 13:42 PM | By Ivy Schmerken

With the number of U.S. options exchanges soon to be 12 by the end of the year, experts are concerned about complexity, fragmentation and rising technology costs amid lower volumes.

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JPMorgan E-mails: "Stupid Quants"
March 19, 2013 @ 14:09 PM | By Phil Albinus

When the London Whale's losses came to light, the higher-ups inside JPMorgan looked around to share the blame.

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Senate Hearing Sheds Light on JPMorgan Whale Trade
March 15, 2013 @ 18:37 PM | By Ivy Schmerken

Senator Carl Levin grills Ina Drew and other bank execs, accusing them of changing VaR and hiding data on risky derivatives trade from regulators.

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What Will Mary Jo White’s SEC Look Like?
March 14, 2013 @ 13:33 PM | By Phil Albinus

President Obama's choice to run the SEC has her strengths and weaknesses - but what exactly will Mary Jo White's stamp be on the embattled financial regulatory agency?

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JPM Senate Hearing: What's the Point of Beating a Dead Whale?
March 14, 2013 @ 13:08 PM | By Ivy Schmerken

Friday's hearing about JP Morgan's London Whale trade led by Senator Carl Levin is really about putting pressure on regulators to finish the Volcker Rule, Propublica's Jesse Eisenger tells Bloomberg TV.

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Swap Data Reporting: War Breaks Out
March 08, 2013 @ 13:01 PM | By Ivy Schmerken

The U.S. regulator's decision to allow CME Group to report swap transactions to its own repository has inflamed tensions with the DTCC, which has called the CME rule 1001 "anti-competitive."

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Meet The Top Hedge Fund Billionaires
March 05, 2013 @ 12:11 PM | By Phil Albinus

Forbes' recent listing of the top hedge fund managers and traders who are billionaires is pretty much what you would expect.

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Goldman Sachs, JPMorgan Slash Workforce
February 26, 2013 @ 11:39 AM | By Phil Albinus

The Yin and Yang of Wall Street, Jamie Dimon and Lloyd Blankfein, will cut their workforces by 20,000 and 4,000 jobs respectively.

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Ex-Goldman Sachs Prop Traders Fail At Hedge Funds
February 22, 2013 @ 12:12 PM | By Phil Albinus

Benros Capital joins the list of hedge funds run by former prop traders at Goldman Sachs to bite the dust. Wasn't this the reason the banks paid those bonuses during the bailouts?

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ICE Eyes IPO of NYSE Euronext's Equity Exchanges in Europe After Deal Closes
January 24, 2013 @ 12:35 PM | By Ivy Schmerken

InterContinental Exchange is buying NYSE Euronext to become a global powerhouse in derivatives, but European equities are a different story.

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Morgan Stanley's Gorman: Bankers' Pay is Too High
October 05, 2012 @ 16:12 PM | By Phil Albinus

Finally, the outrageous pay on Wall Street has become more than an embarrassment, it's a liability.

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Romney To Dodd-Frank: Get Ready For Repeal
October 04, 2012 @ 11:07 AM | By Phil Albinus

The GOP candidate promised to gut the sweeping regulatory reform that President Obama signed into law. That sound you hear are the tears of joy from Wall Street.

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The Andean Region: Catching Up Fast
September 27, 2012 @ 14:19 PM | By Alice Botis

With Brazil and Mexico stealing most of the headlines when it comes to Latin America, people could be forgiven for missing some of the recent developments to come out of other countries in the region. While Brazil and Mexico might be seen as the dominant players, the rise of financial centers in Peru, Colombia and Chile is seeing brokers increasingly demand a multi-location Latin American presence.

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Flash Crash Or A Turning Point For Oil Prices?
September 20, 2012 @ 10:38 AM | By Jack Kemp

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The Homestretch of the Swaps Compliance Race
August 21, 2012 @ 10:27 AM | By Bob Holland

There are new rules coming for dealing swaps. Are you ready to cross the finish line?

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