JPMorgan in talks to settle government probes for $11 billion

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Wall Street Job Report Newsletter September 26, 2013                    JPMorgan in talks to settle government probes for $11 billion 09-26-2013 10:03:39 AM (Reuters) - JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday. The sum could include $7 billion in cash and $4 billion (...)Read the rest of this entry »...» Business Fights Poverty Better Than Charity Does 09-26-2013 13:38:50 PM The profit motive of Big Business actually helps the poor more than charity does, at least according to Goldman Sachs CEO Lloyd Blankfein. When asked by CNN personality Fareed Zakaria to reflect on the two-year anniversary of Occupy Wall Street, (...)Read the rest of this entry »...» Bad Guys Beware, SEC Chair Mary Jo White wants Bigger Penalties 09-26-2013 13:44:01 PM Wall Street's top cop on Thursday called for steeper penalties for corporate wrongdoing and vowed to continue to force the worst troublemakers to confess sins. Mary Jo White, chairman of the Securities and Exchange Commission, said she is supporting legislation (...)Read the rest of this entry »...» Citigroup to pay Freddie Mac $395 million on suspect mortgages 09-26-2013 09:57:08 AM (Reuters) - Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012. Citigroup, the third-largest U.S. (...)Read the rest of this entry »...» RBS may create its own 'bad bank' if UK rejects breakup 09-26-2013 09:50:16 AM Royal Bank of Scotland (RBS.L) could create an internal "bad bank" to house more of its problem loans, even if Britain decides not to enforce a breakup of the part-nationalized lender, banking industry and political sources say. Britain's finance ministry, aided by (...)Read the rest of this entry »...» Vice President Team Leader Regulatory Inquiries Job Description Credit Suisse Said to Weigh Job Cuts in European Equities 09-26-2013 10:31:50 AM Credit Suisse Group AG (CSGN), Switzerland's second-largest bank, may trim jobs at the Europe, Middle East and Africa equities business, three people familiar with the plan said. An e-mail was sent to staff in the region last week informing them (...)Read the rest of this entry »...» ICAP CEO Spencer Says He Shares `Disgust' on Libor Action 09-26-2013 10:28:08 AM ICAP Plc (IAP) Chief Executive Officer Michael Spencer said the behavior of three former brokers charged by U.S. prosecutors for manipulating Libor is "profoundly regrettable." "I share with you your horror and disgust," Spencer, 58, said on a call with journalists today. "I (...)Read the rest of this entry »...» Barclays Wealth Said to Plan to Exit Certain Countries on Cost Cuts 09-26-2013 10:21:58 AM Barclays Plc (BARC) plans to cut its wealth-management services in more than 100 nations as it seeks to improve profitability, according to a person with knowledge of the matter. Barclays Wealth & Investment Management will cut the number of countries in (...)Read the rest of this entry »...»   Emails reveal Libor-rigging traders offered each other Ferraris 09-26-2013 10:18:24 AM Interdealer brokerage ICAP was fined $87 million on Wednesday for colluding with traders to manipulate Libor, a key interest rate used by banks for short-term lending. Three former employees - Darrell Read, Daniel Wilkinson and Colin Goodman - were also criminally (...)Read the rest of this entry »...» SAC Capital up 13 percent for year 09-26-2013 10:10:15 AM Steven A. Cohen's SAC Capital Advisors hedge fund has posted strong returns so far this year even as it deals with a criminal indictment charging the $14 billion fund with being a breeding ground for insider trading. A source familiar (...)Read the rest of this entry »...» In JPMorgan Case, a Missed Opportunity to Charge Its Executives 09-26-2013 10:37:20 AM Both the Securities and Exchange Commission and JPMorgan Chase won great public relations victories last week. But the public lost - and in ways that go far beyond this one spat. By cracking down on the bank for its faulty internal controls (...)Read the rest of this entry »...» Sponsored by: For More Information on our Advertisers Please Click Here Jobs of the Day  Sponsored by:  Compliance Jobs   Click here to find out more information on how to post your position on www.ComplianceJobs.com   Regulatory Developments, Policy & Training Compliance    Core Compliance - Private Bank    Investment & Wealth Management Compliance Officer    Investment Banking Compliance Analyst    Market Risk - Investment Bank    Fund Management Assistant- Portfolio Management    Regulatory Inquiries Compliance Associate    Director, Compliance Monitoring and Testing    Internal Audit & Risk Assessment - VP    Compliance / Paralegal Associate, Loan Documentation Specialist    RIA Compliance Officer - Banking and Brokerage    Control Room Surveillance Manager - VP    Structured Products, FX & Options Compliance, Director Level    Global Regulatory Developments VP- Investment Bank    Compliance Officer OFAC and Sanctions AVP    VP - Fixed Income Sales and Trading Compliance    Senior Regulatory Inquiries Analyst    Commodities Compliance Officer    Compliance Analyst - Forensic Testing    Assistant Manager Regulatory Inquiries    Compliance Asset Management / Broker-Dealer    Fixed Income Compliance Examiner    Municipal Securities Compliance    Financial Crime Compliance Testing/AVP    Emerging Markets Compliance Officer    Control Room - Deputy Manager    Senior Counsel/ Director Market Documentation    Compliance Document Negotiator    Financial Crime Compliance - Enhanced Due Diligence AVP    Anti-Money Laundering Transaction Monitoring VP    Compliance Surveillance Associate    Vice President - Senior Compliance Officer    Investment Banking Compliance Attorney    Investment Banking/Capital Markets Compliance Attorney    Investment Bank Syndicate Compliance Director Level    FX Currency, Fixed Income Compliance    Compliance Director, OTC Derivatives - Regulator    Hedge Fund Compliance Analyst    Hedge Fund Compliance Attorney    Compliance Manager - Futures and Commodities    Executive Director, Head of Anti-Money Laundering    Surveillance Compliance Officer    Advertising, Marketing Material Review Compliance, AVP    VP, Product Compliance Officer, High-Net Worth Client    BSA/Anti-Money Laundering Compliance Officer    Litigation Paralegal Analyst- Investment Bank    Senior Compliance Analyst, Policies and Procedures       Now Trending On The Wall Street Executive Bad Guys Beware, SEC Chair Mary Jo White wants Bigger... 09-26-2013 12:48:22 PM Bad Guys Beware, SEC Chair Mary Jo White wants Bigger Penalties Wall Street's top cop on Thursday called for steeper penalties for corporate wrongdoing and vowed to continue to force the worst troublemakers to confess sins. Mary Jo White, chairman of the Securities and Exchange Commission, said she is supporting legislation introduced last year to give the regulator greater power to penalize wrongdoers. Currently, the SEC is limited to fines tied to ill-gotten gains, which can often be less than what investors lost, especially in a Ponzi scheme....» JPMorgan's Jamie Dimon makes appearance at US Justice Department 09-26-2013 09:59:00 AM JPMorgan's Jamie Dimon makes appearance at US Justice Department: Report: JPMorgan Chase CEO Jamie......» Longtime Madoff Accountant Is Arrested 09-26-2013 09:35:00 AM Longtime Madoff Accountant Is Arrested: Federal authorities, deepening their criminal investigation......» This is how brokers and traders conspired to... 09-26-2013 09:13:19 AM financialtimes: This is how brokers and traders conspired to fix Libor rates: http://on.ft.com/18rr2D1Demands for kickbacks, promises of Ferraris, calling the banks that followed their fixed rates "sheep" - this is the tale of a brazen manipulation scheme at the heart of the financial sector. ...» What to see at the 51st annual NYFF 09-26-2013 08:29:00 AM New York Film Festival 2013: What to see at the 51st annual NYFF: Never mind the leaves changing......» AML Departments Face Growing Workload Amid Staffing Shortages 09-26-2013 07:55:59 AM Major banks are beefing up compliance staff, but a new survey suggests there's a widespread......» OCC Regulator says that Banks Should Tie Compensation To Compliance 09-26-2013 07:52:32 AM Banks should make anti-money laundering and Bank-Secrecy-Act compliance a part of performance......» Investors Are About To Stumble Upon One Of The Stock Market's Best-Kept Secrets 09-26-2013 07:30:54 AM "We believe investors will move from the highest dividend yielding stocks (Quintile 1 of the......» The Stock Market Is Presenting An Investment Opportunity We Haven't Seen In At Least 25 Years 09-26-2013 07:28:27 AM Goldman Sachs chief U.S. equity strategist David Kostin flags an interesting development in the......» Sponsored by: For More Information on our Advertisers Please Click Here

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