Sign in with Twitter Sign in with Facebook

Type the topic in any language to check out real time results of Who's Talking on Social Media Sites


Trending Topics: 光浦美宇新見#iDreamOfANigeria#SexWithDolls#AustinIsTheReasonIAlüminyumCamİşleri GazeyapiCom#R1EdSheeranAÖF KayıtZamanıKadir Topçu#JacobIsTheReasonI#Startupistanbul#TürkırkıVarolsun_TuranOcaklarıEtimesgutAK HilmiÖzerBabaBeni ÜlküOcaklarınaGönder#DevrimciPeygamberTümKitapçılarda#wvwBayiprєssCøмInherent Vice#SentireiSaudadesDoOrkutPorque#LamerDuosRIP Billy#MendigandoPqSimVemQueSDVcomTiuwiuHusain Abdullah#2YearsOfBelieveTour#BirTiwitleHayatBilgisiDersi#ほどよい嘘をついて下さい#5SOSGMA#RIPOrkutThinking Out Loud#cpc14#火曜サプライズYannick SagboSicaウエンツ#happybirthdaytrevor佳純ちゃんシカ様SakhoMark RuffaloLevy FidelixDennis AllenLOVEちゃん鳥居みゆきJessicaBradySNSD#naMadrugadaLondonPats佳純ヘラヘラすなバタざんまいトリトン#intro2obsBeverly Carter羽賀Alevilerin HaklarınıVerin目をしたBenimİçin OkulFidelixDiem BrownSimpsons Family Guy CrossoverFKA TwigsChris PrattNational Coffee DayTeddy BridgewaterGoProLaron Landryamanda bynesnotre dame footballHong KongDallas CowboysOnce Upon A TimePatriotsSteelerschargersnew orleans saintschicago bearsEaglesRevengeMore

Most recent 20 results returned for keyword: jp morgan chase (Search this on MAP)

https://plus.google.com/118377028831141684837 P. Antonio Lindsay : All I can do is present the information.  I've been saying that EVERYTHING that the fed has done was...
All I can do is present the information.  I've been saying that EVERYTHING that the fed has done was ONLY to aid the BANKS and by extension the robber barons and I post proof of this repeatedly.  It does not matter to the ill-informed, the willfully ignorant, or the sycophants of the president, to wit: Banks based outside the U.S. have been unlikely beneficiaries of the Federal Reserve's interest-rate policies, and they are likely to keep profiting as the Fed changes the way it controls borrowing costs.

Foreign firms have received nearly half of the $9.8 billion in interest the Fed has paid banks since the beginning of last year for the money, called reserves, they deposit at the U.S. central bank according to an analysis of Fed data by The Wall Street Journal. Those lenders control only about 17% of all bank assets in the U.S.

Moreover, the Fed's plans for raising interest rates make it likely banks will see those payments grow in coming years.

Though small in relation to their overall revenues, interest payments from the Fed have been a source of virtually risk-free returns for foreign banks. Large holders of Fed reserves include Deutsche Bank AG DBK.XE -0.74%  , UBS AG UBSN.VX +0.18% , Bank of China Ltd. 601988.SH +0.37%  and Bank of Tokyo-Mitsubishi UFJ, according to bank regulatory filings. U.S. banks including J.P. Morgan Chase JPM -0.38%  & Co., Wells Fargo WFC -0.35%  & Co. and Bank of America Corp. BAC -0.12%  are also big recipients of Fed interest payments, according to the filings.

"It is a small transfer from U.S. taxpayers to foreign taxpayers," said Joseph Gagnon, a former Fed economist at the Peterson Institute for International Economics. The transfer, he added, was a side effect of Fed policy, not a goal.

Behind the payments is a complex interplay between new government regulatory policies and new methods the Fed has developed to control short-term interest rates.

The Fed has pumped nearly $3 trillion into the banking system since the 2008 financial crisis, increasing banks' reserves, in efforts to stabilize markets and boost economic growth.

Since 2008, it has paid banks interest of 0.25% on those reserves. The Fed affirmed this month that the rate it pays on reserves will be the primary tool it uses to raise short-term borrowing costs from near zero when the time comes, likely next year.

In part because regulatory requirements discourage domestic banks from holding more cash reserves than they need, many of the reserves created by the Fed are held by foreign banks.

In the past, the Fed influenced interest rates by increasing or reducing money in the banking system through small amounts of short-term bond trades with banks. This caused the Fed's benchmark federal funds rate to rise or fall, influencing other borrowing costs across the economy, such as those on mortgages, credit cards and business loans. Because there is so much money in the financial system now, that old method won't work and the Fed plans to rely primarily on adjusting the interest rate on reserves to change the fed funds rate and other borrowing costs.

The interest payments totaled $4.7 billion so far this year and $5.1 billion last year, and will increase over time as the Fed raises rates. The Fed remits most of its profits to the U.S. Treasury, and the rising cost of the interest payments could put downward pressure on the amount the central bank sends to taxpayers each year, the Fed has said.

Some observers say this could become a political challenge for the Fed, especially the payments it makes to foreign banks.

"The fact is that the Fed is going to be paying very large amounts of interest to banks," said William Poole, a senior fellow at the Cato Institute and former president of the Federal Reserve Bank of St. Louis. "It's highly likely that some politicians will notice that and given the proclivity of some politicians anyway to demagogue issues, the Fed is going to have some political explaining to do."

Some Fed officials also have expressed concern about how these payments will look. "I think the optics are very difficult to defend and might get us into trouble," James Bullard, president of the Federal Reserve Bank of St. Louis, said in an August interview with MarketWatch.

Wall Street Journal calculations show foreign bank holdings of U.S. reserves held at the Fed have increased from less than 20% of the total before the financial crisis to nearly 50% today.

Since 2009, foreign banks have earned roughly $5 billion by borrowing dollars cheaply, often at less than 0.10%, in short-term funding markets and depositing those funds at the Fed for 0.25%, according to the Journal analysis. That estimate doesn't take into account the costs of raising money through other means, overhead and taxes, which affect net income.


The Federal Reserve is changing the way it controls interest rates. Agence France-Presse/Getty Images
A spokeswoman for one bank engaged in the trade, Bank of Tokyo Mitsubishi, said that the growth of excess reserves parked at the central banks is a natural consequence of the Fed's policy. "The share of excess reserve balances held by BTMU has been in alignment with its business footprint in the U.S.," she said.

Deutsche Bank, which had one of the largest reserve balances at the Fed as of June 30, declined to comment. UBS didn't respond to requests for comment. A Chinese official close to Bank of China said it has been parking funds at the Fed in order to help it comply with liquidity requirements in its home market.

The foreign banks' activity is "entirely legitimate because they are providing a financial service and they are taking a spread," said Lou Crandall, chief economist at research firm Wrightson ICAP.

Big U.S. banks say the trade looks unattractive to them, largely because of U.S. capital requirements.

All big banks must fund their assets, including cash, with a minimum percentage of investor equity, or capital. Outside the U.S., banks generally are required to maintain a ratio of equity to assets of at least 3%.

Big U.S. banks must maintain equity of at least 6%, so they are less inclined to hold extra cash simply to park it at the Fed for a tiny spread.

In addition, the biggest foreign banks can generally report capital levels at the end of every quarter, rather than calculate them every day as the largest U.S. banks do. That means that on most days, foreign banks can park huge amounts of money at the Fed without worrying about its impact on their capital requirements.

U.S. banks also have to worry more than foreign banks about deposit insurance fees, which can be higher for banks holding large amounts of U.S. assets, such as cash at the Fed. Banks can avoid such fees by booking transactions at affiliates that aren't federally insured in the U.S.
Fed Rate Policies Aid Foreign Banks
Banks outside the U.S. have been unlikely beneficiaries of the Federal Reserve's interest-rate policies, and they are likely to do even better as the Fed changes the way it controls interest rates.
9 hours ago - Via Google+ - View -
https://plus.google.com/107461293224758078018 Devin Thorpe : Read the full Forbes article and watch the interview here: http://onforb.es/1CzjNJ0. People who do ...
Read the full Forbes article and watch the interview here: http://onforb.es/1CzjNJ0

People who do not have access to the mainstream financial system are subject to a variety of fees for services that the rest of us either get for free or at negligible prices. According to Jonathan Mintz, founding President and CEO of Cities for Financial Empowerment (often called the CFE Fund) and the former Commissioner of the Department of Consumer Affairs for New York says, “Using a traditional low-cost bank account could potentially save a full-time worker $40,000 over the course of his or her career.”

Mintz, who was recently featured in the documentary film Spent: Looking for Change, has attracted $16.2 million from Bloomberg Philanthropies to provide free one-on-one financial counseling. Additionally, the CFE Fund has received grants from JP Morgan Chase and the Citi Foundation to help cities provide resources to residents to access the mainstream banking system.
16 hours ago - Via Events - View -
https://plus.google.com/102097550631993799226 Abbey Bukhari : Since December, a rash of hacks have hit retailers, a major bank, and even a gourmet sandwich chain...
Since December, a rash of hacks have hit retailers, a major bank, and even a gourmet sandwich chain. Target, Home Depot, JP Morgan Chase, and Jimmy John had complex malware unleashed into their systems. Over 100 million customers saw their credit cards…
U.S. retail chains and banks no match for new breed of hackers
Since December, a rash of hacks have hit retailers, a major bank, and even a gourmet sandwich chain...
17 hours ago - Via - View -
https://plus.google.com/101954886031141469658 Midpoint Ltd : Brace yourself... more Forex-rigging revelations have emerged and three of Britain’s biggest banks have...
Brace yourself... more Forex-rigging revelations have emerged and three of Britain’s biggest banks have been caught out again: http://m-pt.co/ForexfineG

Barclays, RBS, HSBC, UBS, JP Morgan Chase and Citigroup are preparing to pay a record £2bn settlement together, rather than having to claim individual responsibility.

Do you still use high-street banks for Forex?
https://lh4.googleusercontent.com/-zmOJCt8ssws/VCl0mCr6QOI/AAAAAAAABFg/bf5iV5DThNg/w506-h750/1ddfe2fb-59a8-4078-b9b8-2b5e26801a1d
20 hours ago - Via - View -
https://plus.google.com/105507638562785471734 Retail Concepts : BEIJING, Sept 29 (Reuters) – The little known Asia head of Mercuria will be key in tying the Swiss commodity...
BEIJING, Sept 29 (Reuters) – The little known Asia head of Mercuria will be key in tying the Swiss commodity trader’s $3.5 billion acquisition of JP Morgan Chase and Co’s physical commodity desk into… click here
Mercuria's third founder: China head eyes long game - Retail Concepts
BEIJING, Sept 29 (Reuters) – The little known Asia head of Mercuria will be key in tying the Swiss commodity trader’s $3.5 billion acquisition of JP Morgan Chase and Co’s physical commodity desk into… click here Related
1 day ago - Via - View -
https://plus.google.com/103291025363767993882 Paul Johnson : Well, scratch the 30% gain for GoPro (GPRO) noted in my last post and make that 82%!  It didn't even...
Well, scratch the 30% gain for GoPro (GPRO) noted in my last post and make that 82%!  It didn't even let a "neutral" rating from JP Morgan Chase stop it.  Here's an uipdated chart showing this MONSTER move. (Chart courtesy of Stockcharts.com)
https://lh4.googleusercontent.com/-hw9VldJskN8/VCgRGGWPqYI/AAAAAAAABaE/UgFj7taubmM/w506-h750/gpro.jpg
1 day ago - Via Google+ - View -
https://plus.google.com/104946264841438268496 Four Apramanas : SHARIAH-COMPLIANT FINANCE Shariah-compliant finance (SCF) is a category of investment or financial t...
SHARIAH-COMPLIANT FINANCE
Shariah-compliant finance (SCF) is a category of investment or financial transactions that is conducted or structured in such a way as to be considered by Islamic authorities to be “legal,” “authorized” or “pure” (halal) pursuant to shariah. Whether a given transaction is deemed “compliant” depends on the approval of one or more Islamic scholars – men who are recognized by such authorities as possessing the requisite knowledge of shariah and who are engaged to serve on a shariah advisory board for the purpose of vetting each deal.

Proponents of shariah-compliant finance often convey the impression that SCF is an “ethical” financial system whose roots and practice are to be found in the Quran, hadiths and traditions of early Islam. In fact, it was invented out of whole cloth in the mid-20th Century by Muslim Brotherhood figures like Sayyid Qutb and Sayyid Abul A'la al-Mawdudi. Its purpose was to provide yet another method to penetrate and undermine Western societies by stealthily insinuating shariah into their capitalist free markets. To this end, the Ikhwan seized upon what was, in fact, a biblical injunction against usury and transformed it into a prohibition on charging or earning any interest.

According to the SCF industry, other “impure” activities that must not be allowed to sully financial transactions involve pork, gambling, tobacco, music, drugs, pornography and Western defense. (N.B. Transactions involving Muslim militaries are not considered haram, just those of the United States and its allies, unless they benefit Muslims.)

The shariah-compliant finance industry did not amount to much until the beginning of the present century, when – thanks to the increased price of oil – vast foreign reserves created leverage for the oil-exporting nations, their ruling elites and sovereign wealth funds to demand increasingly SCF options in exchange for recycling their petrodollars. Meanwhile, Western capital market managers and government officials saw an opportunity to repatriate those funds. A number of the most skilled among them set about devising various ingenious gambits that simply obscured, rather than actually dispensed with, compensation for the time-value of money.

As long as some shariah authority can be persuaded to bless the construct, it can be marketed as shariah-compliant. Since, without exception, such authorities seek to promote shariah’s triumph, they have every incentive to allow the maximum penetration of Western capital markets and have approved an array of mortgages and other lending mechanisms, bonds and investment vehicles that, on close inspection, are artifices for concealing what amounts to interest by any other name.

SHARIAH-COMPLIANT FINANCE’S BENEFITS FOR THE JIHADISTS
The shariah-compliant finance industry provides multiple benefits to the stealth jihadists. For starters, it has created a new instrument for forcing non-shariah-adherent Muslims to conform to their program. Once Western capital markets and governments began accommodating themselves to shariah-compliant finance, such Muslims would be denied the excuse that they previously had to utilize, of “necessity,” interest-related finance (for mortgages, bonds, investments, etc.) – namely, simply because no other option existed.

Another benefit to the Ikhwan and its allies: SCF enables the “shariah advisors” to penetrate Western companies that retain their services, often essentially at board level. Once installed as the arbiters of what is halal and what is haram (impure), these champions of shariah are able to gain insights into investments under consideration, shape deals, and discourage those of which they do not approve.

It stands to reason that from such influential positions, the advisors may be able to have a say not only over transactions involving Muslims, but others, as well. At some point, the mere threat to withdraw approval of large pieces of a bank’s lending portfolio, for example, because another part of the enterprise is doing business with, say, Israel, may be sufficient to enforce what amounts to a boycott of the Jewish State. Needless to say, playing such a role would greatly magnify the opportunities shariah-compliant finance provides, in the words of Muslim Brotherhood spiritual leader Yousuf al-Qaradawi, to wage “jihad with money.”

That is especially so since SCF affords at least two other ways to advance the stealth jihad, besides directly or indirectly influencing Western financial transactions. In accordance with the Islamic obligation to perform zakat, promoters of shariah-compliant finance seek to facilitate and control such charitable donations. Qaradawi and other Muslim Brotherhood operatives calculated that by building automatically deducted zakat into their various deals, the advisors could obtain and channel vast sums to approved “charities” in accordance with shariah.

Since three of the eight causes that shariah approves for philanthropy indirectly involve supporting jihad and its perpetrators and another one explicitly does so, SCF amounts to a way to dress up substantial opportunities for illegal material support for terror as a protected religious practice of tithing.

The same can be said of funds derived from the “purification” of financial transactions initially deemed to be shariah-compliant but subsequently determined to be haram, instead. By sluicing the profits in this way from investments, financial instruments, etc., that were once deemed acceptable, the shariah advisors are able at their discretion to increase still further the sums available for their favorite charities. The latter tend to be shariah-compliant, stealthy – and at least in some cases, actually violently – jihadist “charitable organizations.”

‘AGENTS OF INFLUENCE’
For some time now, despite the aforementioned, serious problems, Wall Street has been marketing SCF as little more than a kind of “hot,” “new” product for American pension funds, insurance companies and corporations. Investment banks and other financial institutions have been hiring Muslim religious authorities to sit on corporate SCF advisory boards that directly influence the investment of billions of U.S. dollars.

By so doing, Wall Street has welcomed Islamic Law into the American financial sector. Among major international firms with a presence on Wall Street that now offer SCF products are: AIG, Bank of America, Citicorp, Goldman Sachs, J.P. Morgan Chase, Merrill Lynch, Morgan Stanley Capital, and Wachovia/Wells Fargo.

What is even worse, the U.S. Department of the Treasury also has been officially promoting SCF throughout the U.S. banking and financial system. For example, in November 2008, Treasury featured a training class for U.S. government employees in association with the Islamic Finance Project at Harvard Law School. Dubbed “Islamic Finance 101,” the one-day seminar was intended to familiarize officials from “U.S. banking regulatory agencies, Congress, Department of Treasury and other parts of the Executive Branch” with what the Treasury termed “an increasingly important part of the global financial industry.

The Treasury Department and other agencies of the U.S. government have been warned repeatedly and in detail that – whether it is called “Islamic Finance” or the more clear “Shariah-Compliant-Finance” – SCF is used to legitimate and facilitate the penetration of Shariah. As such, it is inherently antithetical to American law.

Unfortunately, to date, neither Treasury, the Securities and Exchange Commission, the Federal Reserve Board, nor the rest of the federal government has recognized this reality about either shariah or SCF, the financial component of jihad. In fact, in response to a brief, a senior official actually had the temerity to say to a critic of SCF, “I don’t know what shariah law is, but it can’t possibly be what you say it is.” The wilful blindness of Treasury officials regarding the threat to U.S. national security posed by Islamic Law constitutes professional malpractice, at a minimum.

AIG: A CASE STUDY
In September 2008, at the height of the U.S. financial crisis, the U.S. government used more than $180 billion of taxpayer funds to buy 79.9 percent of the preferred shares of American International Group (AIG) – a massive insurance company deemed “too big to fail.” That purchase made every American taxpayer a part-owner in a company that aggressively promotes SCF. Indeed, AIG is the largest purveyor of shariah-compliant insurance products in the world, thanks to its so-called Takaful (or SCF) division that has sold such shariah-based insurance products since 2006. Its Sun America, AIG Financial Services Corp. and other divisions also deal in shariah financial instruments.

In December 2008, the Michigan-based Thomas More Law Center and attorney David Yerushalmi, a litigator expert in security transactions and shariah-compliant financing, filed a lawsuit against the Treasury Department and the Federal Reserve Board alleging that AIG is promoting Islam in violation of the First Amendment’s Establishment clause. This constitutional provision requires the separation of church and state.

Clearly, in the case of AIG, the state is actively promoting a religious program: shariah. For example, AIG’s division for SCF products (which changed its name from AIG Takaful to CHARTIS Takaful (a.k.a. Enaya) in November 2009 and scrubbed its website of shariah references) has explicitly promoted shariah, not just its SCF products.

In addition, in accordance with Islamic Law, AIG’s Shariah-compliant business units must not invest funds in any enterprise that does business with religious entities that are not Muslim. As noted above, AIG’s Shariah-compliant business units may invest in a Muslim-owned arms factory that sells exclusively to Muslim armies – but not one that is owned by Christians or Jews, or that sells weapons to Christians or Jews.

In these and myriad other ways, the U.S. government and taxpayers are effectively made participants by their ownership of AIG in a global campaign to subjugate the world to shariah Islam. While most U.S. taxpayers are completely unaware that they have been embroiled in such activities, officials at the Department of the Treasury, Federal Reserve and Security Exchange Commission have a professional obligation to know. So, too, do those charged with oversight of these agencies on Capitol Hill.

Closely related to the objectionable U.S. ownership of a shariah compliant entity is the fact that the Islamic legal authorities that sit on AIG’s board of advisors for shariah compliance are themselves either advocates of jihad in the name of shariah or are the students and disciples of such authorities. Specifically, AIG’s takaful advisors include Mufti Imran Usmani, who is the “son, student, and disciple” of Mufti Taqi Usmani. The elder Usmani sat on the Dow Jones Islamic Index shariah advisory board for some 10 years beginning in 1999 during which time, he called on Western Muslims to rise up in violent jihad.

In short, it is clear that the U.S. government, and in particular the U.S. Department of the Treasury, is engaged – wittingly or unwittingly – in conduct calculated to introduce shariah not just into the U.S. banking and financial system, but into the society more generally. Given the wealth of information available to these officials (and explicated throughout this report) about the critical threat posed by shariah to the existing U.S. system of law, their behavior that as the effect of promoting a legal system demonstrably antithetical to the Constitution can only be described as reckless and malfeasant.

Whether reckless out of ignorance or willfully malfeasant, these officials must be held to their oaths of office and, in particular, their sworn obligation to defend, uphold and protect the American legal system as established by the Constitution.

From Center for Security Policy's report Shariah -- The Threat to America (p 265-271).  Plainly this section on sharia-compliant finance applies to other nation-states who have introduced it.  SCF gives the plan for a global caliphate, inherent in the Islamic supremacist totalitarian system of sharia, further leverage.
  
The full 352-page report covers much more beside SCF...
http://shariahthethreat.org/wp-content/uploads/2011/04/Shariah-The-Threat-to-America-Team-B-Report-Web-09292010.pdf

#Banking #CounterExtremism #Finance #Islamism #LiberalSecularDemocracy #Money #MuslimBrotherhood #NationalSecurity #Politics #Terrorism
shariahthethreat.org/wp-content/uploads/2011/04/Shariah-The-Threat-to-America-Team-B-Report-Web-09292010.pdf

2 days ago - Via Google+ - View -
https://plus.google.com/115349183801178558211 American Credit Repair : JP Morgan Chase is taking steps to protect customers in the wake of the massive breach at Target.
JP Morgan Chase is taking steps to protect customers in the wake of the massive breach at Target.
JPMorgan Chase Replacing Cards « American Credit Repair
JPMorgan Chase is taking steps to protect customers in the wake of the massive breach at Target. The bank is replacing nearly two million debit and credit cards after the massive hack over the holiday season. Chase is putting limits on debit card use, until the cards are replaced.
3 days ago - Via Google+ - View -
https://plus.google.com/105753738542044436017 FINANCIALS x Kibow : Within the next eight weeks, U.K. regulators aim to reach a settlement with Citigroup, J.P. Morgan Chase...
Within the next eight weeks, U.K. regulators aim to reach a settlement with Citigroup, J.P. Morgan Chase and other major banks in a probe into currency-market manipulation. #MarketWatch
Big banks hold talks on U.K. fines over forex rigging - MarketWatch

4 days ago - Via - View -
https://plus.google.com/110114351960169850100 Nimble Storage : #TBT to the JP Morgan Chase Corporate Challenge last week. Our Nimble Storage employees had a blast ...
#TBT to the JP Morgan Chase Corporate Challenge last week. Our Nimble Storage employees had a blast running for a good cause. #LifeAtNimble
https://lh4.googleusercontent.com/-5gn6uFBD3z8/VCSbZ7PA-AI/AAAAAAAAA64/gBa3NCyv1yU/w506-h750/JP%2BMorgan%2BTeam%2BPhoto.jpg
4 days ago - Via - View -
https://plus.google.com/109036165812281249632 Case Studies Help : CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (A) Dear Students, Our tutors...
CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (A)
Dear Students, Our tutors are available 24/7 to assist in your academic stuff, Our Professional writers are ready to serve you in services you need. We do assist you in solving case for  "THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (A)" Complet...
CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (A)

4 days ago - Via - View -
https://plus.google.com/109036165812281249632 Case Studies Help : CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B2) Dear Students, Our tutors...
CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B2)
Dear Students, Our tutors are available 24/7 to assist in your academic stuff, Our Professional writers are ready to serve you in services you need. We do assist you in solving case for  "THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B2)" Comple...
CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B2)

4 days ago - Via - View -
https://plus.google.com/109036165812281249632 Case Studies Help : CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B1) Dear Students, Our tutors...
CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B1)
Dear Students, Our tutors are available 24/7 to assist in your academic stuff, Our Professional writers are ready to serve you in services you need. We do assist you in solving case for  "THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B1)" Comple...
CASE SOLUTION FOR THE TIP OF THE ICEBERG: JP MORGAN CHASE AND BEAR STEARNS (B1)

4 days ago - Via - View -
https://plus.google.com/116783851183022130630 ॐ Collectively Conscious ॐ : "A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall...
"A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.

Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world.

The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to limit citizens’ ability to become water self-sufficient (as evidenced by the well-publicized Gary Harrington’s case in Oregon, in which the state criminalized the collection of rainwater in three ponds located on his private land, by convicting him on nine counts and sentencing him for 30 days in jail). Let’s put this criminalization in perspective:

Billionaire T. Boone Pickens owned more water rights than any other individuals in America, with rights over enough of the Ogallala Aquifer to drain approximately 200,000 acre-feet (or 65 billion gallons of water) a year. But ordinary citizen Gary Harrington cannot collect rainwater runoff on 170 acres of his private land.

It’s a strange New World Order in which multibillionaires and elitist banks can own aquifers and lakes, but ordinary citizens cannot even collect rainwater and snow runoff in their own backyards and private lands..."
The New “Water Barons”: Wall Street Mega-Banks Are Buying Up The World’s Water
Source: www.globalresearch.ca | Original Post Date: December 21, 2012 – A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace. Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, …
4 days ago - Via - View -
https://plus.google.com/113720245595559271880 Nur Myrzamurat : Wall Street firms led by Goldman Sachs Group Inc. GS +1.47%  are close to a deal to create an instant...
Wall Street firms led by Goldman Sachs Group Inc. GS +1.47%  are close to a deal to create an instant-messaging service to rival that of Bloomberg LP.

A buyout of messaging startup Perzo Inc. could be announced as soon as next week, according to people familiar with the matter. While it could be months before the firms have a product ready for trading desks, the project is gaining momentum, the people say.

The number of banks and money managers working with Goldman on the purchase has swelled to 14 in recent weeks, as Wall Street's search for an alternative to the data and media giant's chat services turns rivals into allies.

Banks and money managers have long relied on Bloomberg terminals to keep their employees up to speed on market moves and to help them communicate with one another electronically. But increasingly they have griped about the $20,000-a-year price tag that Bloomberg charges for each terminal, and the data company's refusal to sell many services on an a la carte basis.

Those frustrations have only deepened since the financial crisis, as many of the world's biggest banks—and many of Bloomberg's biggest customers—move to pare expenses and shrink trading businesses reined in by new regulations.

By backing what they hope will become a viable alternative to Bloomberg's messaging service—a function widely used by traders—some bank executives believe they may ultimately weaken Bloomberg's resolve and negotiate a better price for their terminals.

The firms that recently joined the discussions are Bank of New York Mellon Corp. BK +0.67%  , Citigroup Inc., C +0.79%  Credit Suisse Group AG CSGN.VX +1.00%  , Deutsche Bank AG, Jefferies LLC, Nomura Holdings Inc. and Wells Fargo WFC +0.06%  & Co., according to people familiar with the investment.

The banks and money managers also are in talks with Thomson Reuters to explore ways to integrate the new messaging service into its Eikon platform, a Bloomberg competitor, some of the people said.

A Bloomberg spokesman declined to comment. A Thomson Reuters spokesman didn't immediately respond to requests for comment.

Last month, The Wall Street Journal reported that Goldman was leading a consortium that at the time included Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp. BAC +0.76%  and HSBC Holdings HSBA.LN -0.34%  PLC as well as money managers BlackRock Inc., BLK +1.21%  Maverick Capital Ltd. and Citadel LLC.

The firms are in talks to create a holding company called Symphony Communication Services LLC, which in turn would buy Perzo and fold in Goldman's internal messaging project, some of the people said.

The group has considered paying $40 million to $50 million for the business, some of the people familiar with the matter said, though it isn't clear if the additional firms' interest has changed the terms. Perzo was founded in 2012 by David Gurle, a former executive at Microsoft Corp. MSFT +1.12%  and Skype. Based in Palo Alto, Calif., Perzo is backed by Merus Capital, a venture-capital firm founded by former Google Inc. executive Sean Dempsey.

Some of the participating firms are expected to have a larger stake in the new company than others, people familiar with the matter said.

The consortium's initial members had pushed to recruit more of their peers to join them, reasoning that the new service stands a better chance at widespread acceptance that way, the people said. Mr. Gurle is expected to remain with the company following the deal, they said.

Of course, Bloomberg's terminals offer many other functions that the addition of an alternative messaging service won't replace. But members of the consortium believe if they can loosen Bloomberg's grip on one of the most popular features, they might be able to gain pricing leverage on the data giant.

"One of the sticky pieces for Bloomberg is messaging," said David Rho, associate partner with MMG Partners, which analyzes how firms use their Bloomberg terminals and advises on ways to lower costs. "If the messaging component was neutralized, that would severely hamper Bloomberg's ability to maintain that stickiness."

Mr. Rho said clients often tell him Bloomberg's communications functions, including email and messaging, make it difficult for trading-desk managers to shed terminals. For some employees including salespeople, messaging functions may account for more than half of their terminal usage, he said.

"To say this is going to get rid of Bloomberg—that's an impossibility," he said. "But it will require Bloomberg to possibly be more competitive from a pricing perspective."

The talks on a rival service come as banks face greater scrutiny from regulators on their traders' communications. A flurry of international investigations has moved many firms to monitor more closely how their employees interact with one another and the outside world. In January, the Journal reported that Goldman had moved to ban its traders from using certain chat services.

Some backers of the new platform say it will allow them to better customize and police traders' messages.

Bloomberg executives have said the company already provides clients with tools to monitor and control employee messages sent through its system. And they argue that a stand-alone chat platform couldn't integrate as seamlessly other functions that the Bloomberg terminal offers, from data and news to analytics.

Bloomberg's news service competes with Dow Jones & Co., publisher of the Journal.

Write to Justin Baer at justin.baer@wsj.com
Goldman Sachs-Led Group Near Deal to Buy Messaging Startup Perzo
A group of financial firms led by Goldman Sachs may announce a deal to buy instant-messaging startup Perzo in a bid to take on Bloomberg's popular trader chat service.
5 days ago - Via Google+ - View -
https://plus.google.com/117973126320321906187 Vitor Rodrigues : JP Morgan Chase Corporate Challenge. Need to work on the farmer's tan a bit more :-O
JP Morgan Chase Corporate Challenge. Need to work on the farmer's tan a bit more :-O
5 days ago - Via Google+ - View -
https://plus.google.com/114529371273443966439 H George Tavakoli : Don’t Tell Anybody, But Here’s Some More Money GAO stands for the Government Accountability Office,...
Don’t Tell Anybody, But Here’s Some More Money

GAO stands for the Government Accountability Office, and they are a part of the Legislative Branch of Government that audits and evaluates various subjects for Congress. According to the document “GAO Fed Investigation” the Federal Reserve made $16.1 trillion during the last financial crisis in secret loans to big banks. The banks and amounts are as follows:

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

It is important that we ask ourselves; why do we let a private organization that can make such an enormous profit during a financial crisis and donate $0.00 worth of it to help the situation, control something as important to our country as economic policy? Isn’t it possible that you, or I, or better yet all of us together, democratically, could have handled the situation better than that?

List comes from page 131 of this document: http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144
https://lh5.googleusercontent.com/-hEyLQL3Iec4/VCMhOVrU4cI/AAAAAAAD5-c/LdVxWF2_U88/w506-h750/10330334_704267986302404_5327143172638690137_n.jpg
5 days ago - Via Google+ - View -
https://plus.google.com/102256316985931951324 SOOO GOOD Bakery Creations and Supplies : We are currently in a grant contest and need your help  J.P. Morgan Chase and Mission Main Street Grants...
We are currently in a grant contest and need your help  J.P. Morgan Chase and Mission Main Street Grants have teamed to support small businesses by contributing $3 million dollars to 20 recipients.  We are asking for your vote.  Simply go to our web site, www.cakecreationsupplies.com or www.missionmainstreetgrants.com, type in our business name a vote for us.  It only takes 60 seconds.  Your vote is greatly appreciated.
Wedding Cakes Gallery
When planning your big day, you want a wedding cake that will coordinate with your theme. SOOO GOOD Bakery Creations and Supplies goes above and beyond understanding our clients so we create your ideal wedding cake. Take a look at some of the beautiful and original wedding cakes we have designed.
5 days ago - Via Google+ - View -