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Discord at Key JPMorgan Unit Is Faulted in Loss

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Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
 

C.F.T.C. Said to Open Inquiry Into JPMorgan Loss

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A federal investigation into JPMorgan Chase’s multibillion-dollar trading loss widened Friday as regulators pursued a new line of inquiry. The NYT reports.
 

Markets Want 'Closure' on Spain's Banks

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"The one thing I say about Spain is, the market wants closure. You are dealing with a battle between bond yields and the market, and politicians," Larry McDonald, senior director of credit sales and trading at Newedge, told CNBC.
 

Australia's ANZ Chief Says Funding Markets Closed

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Australia and New Zealand Banking Group said volatile conditions in global markets have caused the wholesale funding market for Australian banks to freeze again, a worrying echo of the global financial crisis.  
 

ANZ CEO: Europe Funding Markets Closed; US, Asia Open

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Australia and New Zealand Banking Group's chief executive said European funding markets were "essentially closed" because of turmoil in Europe, while Asia and U.S. markets were open, clarifying his earlier comments on the closure of credit markets. 
 
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Yahoo Stock Quote

 
 ^IXIC^GSPC^FTSE
Date 5/18/20125/18/20125/18/2012
Time 5:30pm ET4:33pm ET11:35am ET
Trade 2,778.791,295.225,267.62
Change -34.90-9.64-70.76
% Chg -1.24%-0.74%-1.33%
Open 2,814.431,305.055,338.38
High 2,827.281,312.245,338.38
Low 2,774.451,291.985,256.61
Volume 0975,332,2240
Intraday 
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Two killed, 18 wounded in Beirut clashes: agency

BEIRUT (Reuters) - Two people were killed and 18 were wounded in overnight clashes in Beirut, Lebanon's National News Agency said on Monday, the latest bloodshed fuelled by tensions over the uprising ...
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Inmates riot in Mississippi prison, one guard killed

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Opel CEO to face heat from workers over likely plant closure

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Discord at Key JPMorgan Unit Is Faulted in Loss

Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
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US Bond Yields Hover Near Lows on Euro Zone Worries

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Money In Motion, May 18, 2012

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Hedge Fund Elite: What Our 'Best Ideas' Are Now

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