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Friday, November 15, 2013

Reuters Money: Former JPMorgan 'Whale' supervisor opposes U.S. extradition

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11/15/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Former JPMorgan 'Whale' supervisor opposes U.S. extradition
MADRID (Reuters) - A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain.
Your Money: Is it too late to get your old healthcare plan back?
NEW YORK (Reuters) - President Barack Obama has renewed his promise that if you like your health insurance plan, you can keep it - at least for another year. It's a huge relief for some, but could amount to very little change.
Jobless claims fall, but prior week revised higher
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, but an upward revision to the prior week's figure suggested the labor market recovery remained gradual.
JP Morgan, Citi win bigger share of investment banking revenue
LONDON (Reuters) - U.S. investment banks JPMorgan Chase & Co and Citi saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year, new research showed on Thursday.
Column - Yellen delivers; tougher times ahead: James Saft
(Reuters) - On the standards by which these things are judged, Janet Yellen's confirmation hearings went well, meaning markets rallied with little volatility.
Central bank stimulus is here to stay, but what if it fails?
(Reuters) - If anyone still doubted that central bankers all over the world will keep interest rates at rock-bottom levels, those doubts should have been dispelled this week. Janet Yellen's statement to the U.S. Senate that the Fed has "more work to do" to stimulate employment, and that "supporting the recovery today is the surest path to returning to a more normal approach to monetary policy," capped a series of surprisingly clear commitments to easy money from central bankers this week. On Wed
Wall Street watchdog puts up fight in California broker cases
(Reuters) - Securities brokers who think California's state court system offers an easy path for erasing details from their public records may want to think again.
BlackRock turns to regional and community banks in ETF push
NEW YORK (Reuters) - BlackRock Inc, a money manager that has long worked with the largest U.S. financial institutions, is now turning to the country's smaller banks, where it sees a promising market for exchange-traded corporate bond funds.
Fed's bond buying hasn't boosted stocks, McKinsey study finds
SAN FRANCISCO (Reuters) - There is no evidence that the Federal Reserve's massive bond-buying effort has led U.S. stock prices higher, according to a report released on Wednesday by the economics research arm of McKinsey & Company.
American Airlines municipal bonds take flight for U.S. mutual funds
BOSTON (Reuters) - Debt issued on behalf of a bankrupt airline has turned into one of the unlikeliest winners on the U.S. municipal bond market.
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