financial times: Global business: JPMorgan accused of lying over $6bn loss, Goldman an...

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Global Business
Friday March 15 2013

Financial Times - Companies

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/FG6LAA/NRTV1C/RN7YTC/NJK7J2/K98AMQ/1G/h?a1=2013&a2=3&a3=15

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/FG6LAA/NRTV1C/RN7YTC/NJK7J2/MJO75D/1G/h?a1=2013&a2=3&a3=15

Call for UK proprietary trading crackdown

Banking commission urges City watchdog to rein in proprietary trading but stops short of calling for a full ban on banks trading with their own funds
http://link.ft.com/r/FG6LAA/NRTV1C/RN7YTC/NJK7J2/ULMYQ8/1G/h?a1=2013&a2=3&a3=15

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/FG6LAA/NRTV1C/RN7YTC/NJK7J2/ULMYES/1G/h?a1=2013&a2=3&a3=15

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/FG6LAA/NRTV1C/RN7YTC/NJK7J2/ULMYQP/1G/h?a1=2013&a2=3&a3=15

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/FG6LAA/NRTV1C/RN7YTC/NJK7J2/9MFTGW/1G/h?a1=2013&a2=3&a3=15

Schroders' Richard Buxton resigns

Mr Buxton's deputy Errol Francis is also leaving. The pair together run £6bn of assets, concentrating on specialist UK equity portfolios
http://link.ft.com/r/FG6LAA/NRTV1C/RN7YTC/NJK7J2/PNV4X9/1G/h?a1=2013&a2=3&a3=15

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/FG6LAA/NRTV1C/RN7YTC/NJK7J2/9MFTBG/1G/h?a1=2013&a2=3&a3=15

Africa takes lead in mobile revolution

Speed with which the continent has built telephony networks and embraced mobile has taught the rest of the world much about its potential
http://link.ft.com/r/FG6LAA/NRTV1C/RN7YTC/NJK7J2/NR0M47/1G/h?a1=2013&a2=3&a3=15

Anger simmers again over UBS bankers' pay

Remuneration of executives at the Swiss lender remains generous despite losses, a SFr1.4bn fine for the manipulation of Libor and a cut on staff pay
http://link.ft.com/r/FG6LAA/NRTV1C/RN7YTC/NJK7J2/CWPGOX/1G/h?a1=2013&a2=3&a3=15

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