Asia AM: JPMorgan accused of lying over $6bn loss, Goldman an...


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Financial Times
Asia AM
Friday March 15 2013

Financial Times - Asia homepage
 
JPMorgan accused of lying over $6bn loss
Senate panel findings on the trading, risk management failures and subsequent disclosures that marked last year's London whale" episode
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/IEBVBR/QR/h?a1=2013&a2=3&a3=14
 
Goldman and JPM rebuked by Fed
US central bank orders the two lenders to improve their capital planning but allows BofA and Citigroup to launch significant buybacks
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/7ZJ1J7/QR/h?a1=2013&a2=3&a3=14
 
Samsung puts firepower behind Galaxy
Only sales figures will prove the winner of this battle but some analysts predict the Galaxy S4 could sell as many as 10m units in its first month
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/529P9M/QR/h?a1=2013&a2=3&a3=14
 
China's new president in corruption battle
Xi Jinping has been running an anti-graft campaign since becoming Communist party chief in November, but faces a tough task to make much headway
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/6ASUS2/QR/h?a1=2013&a2=3&a3=14
 
UK and France push to arm Syria rebels
Call to loosen EU sanctions to facilitate supplying weapons to rebel groups comes amid worsening situation in Syria, where 70,000 people have died
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/20IFIV/QR/h?a1=2013&a2=3&a3=14
 
Journalist accused of helping hackers
The US Attorney's office alleges that Matthew Keys, of Reuters, provided Anonymous members with the login and password details to access a Tribune server
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/JQG2GI/QR/h?a1=2013&a2=3&a3=14
 
Restraint pays off for BlueMountain chief
Andrew Feldstein, co-founder of the hedge fund, says part of the point of building an institution is to stop it chasing every opportunity
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/7ZJ1JD/QR/h?a1=2013&a2=3&a3=14
 
Backlash hits Google as it axes Reader
The search group's news feed service will be axed in July as part of 'spring cleaning', a move that provoked online outrage among its fans
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/9MFTFM/QR/h?a1=2013&a2=3&a3=14
 
Fortune favours the brave in Iraq
Entrepreneurs who see Iraq's desperate needs and the lure of oil-generated cash as a unique opening are overcoming treacherous conditions
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/20IFI4/QR/h?a1=2013&a2=3&a3=14
 
AEG scraps sale after bids disappoint
Entertainment group's chief to leave the company and billionaire founder Anschutz to take a 'more active role'
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/9MFTFY/QR/h?a1=2013&a2=3&a3=14
 

Financial Times - UK Homepage
 
King speaks out to halt sterling's fall
In an abrupt change of tone, Sir Mervyn said sterling was now 'properly valued"', reflecting fears currency's fall will raise inflation and squeeze household budgets
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/PNV4VT/QR/h?a1=2013&a2=3&a3=14
 
Osborne weighs monetary activism options
Rupert Harrison, George Osborne's chief economic adviser, toured the US last month taking soundings on growth strategy for the BoE
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/ULMYMB/QR/h?a1=2013&a2=3&a3=14
 
Stocks firm as traders eye S&P record
Stocks hover just shy of cyclical highs as optimism over the US economy, along with central bank support, pushes Wall Street close to record levels
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/MJO7OQ/QR/h?a1=2013&a2=3&a3=14
 
Treasury seals Guernsey tax deal
The agreement between UK government and the crown dependency is designed to combat tax evasion and is likely to put pressure on Jersey to follow suit
http://link.ft.com/r/WDI4RR/4VWQQ2/TP5EB2/C4CB4K/RPAX2R/QR/h?a1=2013&a2=3&a3=14
 
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