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Women and Power: Seven Ways Successful Women Survive

11/05/14

Research suggests that women in leadership positions are most successful when they develop flexible management styles and pay attention to some uncomfortable truths in today's workplace-even if they reject them.

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Morning Scan: Republicans' Big Night; Leveraged Loan Worries

11/05/14

Receiving Wide Coverage ...

'Watch Out': The results of Tuesday's elections are scrutinized as an attempt is made to extrapolate what it all means to business, with one likely outcome being an improved policy climate for banks. (For a look at how the Senate Banking Committee is likely to proceed under probable chairman Richard Shelby, read American Banker's coverage.) Sen. Mitch McConnell of Kentucky is in the spotlight, as he'll have a long list of items...

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Morning Scan: JPMorgan Chase Ups Legal Exposure; Virgin Money Readies IPO

11/04/14

Receiving Wide Coverage ...

JPMorgan Widens Legal Exposure: Legal settlements continue to plague the banking industry. JPMorgan Chase is the latest, as on Monday night the bank reported its potential top end of legal costs are $1.3 billion higher, thanks to a Justice Department probe into how its traders may have manipulated foreign-exchange markets. In total, JPMorgan said it might be forced to pay out as much as $5.9 billion to cover legal settlements and investigations....

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Morning Scan: HSBC's Billion-Dollar Legal Tab; Ex-B of A Banker Arrested in Hong Kong

11/03/14

Receiving Wide Coverage ...

HSBC Woes: Legal matters pounded HSBC, as the British bank reported quarterly earnings. HSBC set aside $1.6 billion, according to the Financial Times, or $1.7 billlion, according to the Wall Street Journal, to cover legal settlements, including resolving a probe into rigging foreign-exchange markets, and the cost of reimbursing customers. The set-aside also included $550 million to cover a settlement with the U.S. Federal Housing Finance Authority to resolve a probe into...

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Morning Scan: Citi Adds $600M for Legal Costs; BofA Faces Shareholder Wrath

10/31/14

Receiving Wide Coverage ...

Coming Down the Pike: Citigroup's move to increase its third-quarter legal provisions by an additional $600 million suggests the bank may soon reach a settlement over charges that it manipulated foreign-exchange rates, the papers report. The adjustment, made in response to "very recent communications with certain regulatory agencies" according to the bank's regulatory filing, lowered Citigroup's quarterly earnings by nearly 18%, to $2.84 billion. The Wall Street Journal's anonymice say Citi and...

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Morning Scan: What the End of QE Means for Banks; CurrentC Hacked

10/30/14

Receiving Wide Coverage ...

Que Sera, QE: The Federal Reserve's bond-purchasing program is officially over, but that's no reason to stop the fun of debating the legacy of quantitative easing. The major papers all give the program mixed reviews. "While it clearly didn't cause the inflation outbreak some predicted, it also didn't clearly lead to a surge of economic output or hiring," the Wall Street Journal reports. The New York Times says QE definitely helped the...

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Morning Scan: Deutsche Names New CFO; Report Links Russian Government to Hacks

10/29/14

Receiving Wide Coverage ...

New CFO in the Haus: Deutsche Bank has tapped Goldman Sachs partner Marcus Schenck as its future chief financial officer, with plans for current CFO Stefan Krause to take on a newly created position at the company. The change comes as investors pressure the German lender to improve its financial strength, according to the Wall Street Journal. The papers all note Krause has made slow progress in strengthening the bank's regulatory reporting;...

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Morning Scan: SEC Stalemate on BofA Waivers; Should the Fed Tackle Inequality?

10/28/14

Receiving Wide Coverage ...

Making the Grade: If European regulators were being graded on their newly released banking stress tests, what kind of marks would they receive? The European Central Bank would probably have a few points shaved off for the errors and inconsistencies reported by the Wall Street Journal: it misstated the capital ratio of a "large Italian bank" and failed to report on a review of Polish banks' balance sheets because the data was...

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Morning Scan: Banks Beef Up Cybersecurity; Can We Trust Europe's Stress Tests?

10/27/14

Receiving Wide Coverage ...

The Results Are In: Most of the eurozone's big banks have enough capital to survive an economic upset, according to the results of regulators' long-awaited stress tests. Of the 130 banks under review, 13 were identified as needing to shore up $12 billion in additional capital. Italy had the largest share of financial flunkies, with Greece and Cyprus next in line. The Wall Street Journal applauds the European Central Bank for including...

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Don't Just Count Women, Make Sure They Count

10/27/14

U.S. companies should aim to have women occupy half of all senior management positions by 2020, writes MUFG Union Bank's CEO.

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