JPMorgan Chase & Co the biggest U.S. bank, will pay approximately $920 million in penalties to regulators in two countries to settle some of its potential liabilities from its $6.2 billion London Whale derivatives loss last year, according to terms made public on Thursday. The penalties include $300 million to […]
Tag: US
U.S. poverty rises despite economic recovery
The number of U.S. residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans. The figures from the Census Bureau on Tuesday highlighted the lingering scars from the 2007-2009 […]
Euro Area, Spain Make List of IMF Economies with Economic Imbalances
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) have named Euro Area and Spain as countries newly identified given relatively large fiscal and external imbalances that are likely to persist or emerge over the medium term in the wake of the crisis. This is contained in an update […]
