Daily Archives: January 14, 2015, 6:19 pm

‘Banks are under assault,’ says JPMorgan CEO after legal costs shave 6.6% off bank’s fourth-quarter profit | Financial Post

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6% drop in quarterly profit as legal costs exceeded US$1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were “under assault.” via ‘Banks are under assault,’ says JPMorgan CEO after legal costs shave 6.6% off bank’s fourth-quarter profit | Financial Post

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Landmark Ruling Restricting Insider Trading Prosecutions Is Dead Wrong, U.S. Says – Businessweek

A federal appeals court ruling that makes it harder to obtain insider-trading convictions was called “dramatically” wrong in the U.S. government’s first formal response to the sweeping decision. The criticism of last month’s decision was made in a separate case and may indicate the Justice Department’s intention to challenge it. The opinion by a panel of three judges dealt a…

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