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JPMorgan Chase Reports Second-Quarter 2013 Net Income Of $6.5 Billion, Or $1.60 Per Share, On Revenue Of $26.0 Billion

Date 12/07/2013

JPMorgan Chase & Co. (NYSE: JPM) today reported net income of $6.5 billion for the second quarter of 2013, compared with net income of $5.0 billion in the second quarter of 2012. Earnings per share were $1.60, compared with $1.21 in the second quarter of 2012. Revenue for the quarter was $26.0 billion, compared with $22.9 billion in the prior year. The Firm's return on tangible common equity for the second quarter of 2013 was 17%, compared with 15% in the prior year. 

Testimony Of U.S. Treasury Under Secretary For Domestic Finance Mary J. Miller Before The Senate Committee On Banking, Housing, And Urban Affairs

Date 12/07/2013

Chairman Johnson, Ranking Member Crapo, and members of the Committee, thank you for inviting me to testify today on behalf of the Treasury Department.

Michel Barnier, European Commissioner For The Internal Market And Services -The Single Market In Financial Services: We Need The UK On Board

Date 12/07/2013

Ladies and gentlemen,

Let me first thank Policy Network, and its President Peter Mandelson, for inviting me.

Equally, I would like to thank the City of London and the European Parliament for co-organising this conference.

Cadwalader Releases Lofchie's Guide To Hedge Fund Regulation; Third Major Volume In On-Line Trilogy On Financial Regulation - New Guide To Legal Regulations Impacting Hedge Funds And Their Advisers

Date 12/07/2013

Cadwalader, Wickersham & Taft LLP (Cadwalader), a leading counselor to global financial institutions and corporations, today announced the release of Lofchie's Guide to Hedge Fund Regulation (the "Hedge Fund Guide"), which will discuss U.S. financial regulation applicable to hedge funds and their advisers.  The guide complements and expands the existing products on the Cadwalader Cabinet, including the Guide to Broker-Dealer Regulation and the Guide to CPO and CTA Regulation, as well as the daily Cadwalader Cabinet News. 

London Stock Exchange Group Plc: LCH.Clearnet - Segmental Revenue And Non-Financial KPI Data For 2012 - And LSEG Plc - New Segmental Information For Capital Markets

Date 12/07/2013

Following completion of the acquisition of a majority stake in LCH.Clearnet, London Stock  Exchange Group plc (“LSEG”) will consolidate LCH.Clearnet financial performance in its financial results, with effect from 1 May 2013. In advance of LSEG’s Q1 Interim  Management Statement, provided below is a quarterly breakout of LCH.Clearnet data for financial year 2012, together with performance for the first calendar quarter of 2013.

LCH.Clearnet To Clear Credit Default Swaps For US Clearing Members

Date 12/07/2013

LCH.Clearnet SA has received permission to begin clearing credit default swaps (CDS) for US clearing members through CDSClear, LCH.Clearnet SA's credit default swap clearing business. This is while LCH.Clearnet SA’s application to the US Commodity Futures Trading Commission for registration as a derivatives clearing organization (DCO) is pending. The development adds a third OTC derivative asset class to LCH.Clearnet Group’s market leading OTC derivative clearing service for US members, which includes interest rate and foreign exchange derivatives.

HM Treasury Appoints BlackRock Solutions As Asset Specialist Advisor To The RBS Bad Bank Review

Date 12/07/2013

BlackRock Solutions were appointed following a competitive process run by the Treasury, and will work alongside Rothschild and Slaughter & May, appointed last week as corporate finance and legal advisors respectively to the review.

Thomson Reuters Extel And UKSIF 2013 SRI & Sustainability Survey Results

Date 12/07/2013

Thomson Reuters and the UK Sustainable Investment and Finance Association (UKSIF) announced the results of the 11th annual Thomson Reuters Extel/UKSIF SRI & Sustainability Survey at an event hosted by FTSE Group in Canary Wharf, London.

Thai Bourse And KPMG Support Thai Business Investment In Myanmar

Date 12/07/2013

The Stock Exchange of Thailand (SET) and KPMG hosted a seminar on the legal system and accounting practices in Myanmar for listed companies, financial advisors, legal advisors and auditors to prepare for business expansion into Myanmar.

ESMA Begins Detailing Central Clearing Of OTC Derivatives

Date 12/07/2013

The European Securities and Markets Authority (ESMA) has launched a Discussion Paper to prepare the regulatory technical standards (RTS) which will implement provisions of the European Markets Infrastructure Regulation (EMIR) regarding the obligation to centrally clear OTC derivatives.