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  • SWIFT Appoints New Marketing Executive - Javier PĂ©rez-Tasso Replaces Gottfried Leibbrandt As Head Of Marketing At SWIFT

    Date 13/07/2012

    SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, announced today that Javier Pérez-Tasso has been appointed its new Marketing Executive, reporting to the CEO, Gottfried Leibbrandt.

  • Bank Of England Correspondence With The Federal Reserve Bank Of New York And British Bankers’ Association In Relation To Libor

    Date 13/07/2012

    In response to media reports of correspondence between Timothy Geithner, then President of the Federal Reserve Bank of New York, and Mervyn King, Governor of the Bank of England, in relation to Libor, the Bank of England issued the following statement:  

    Concerns about difficulties in setting Libor in the stressed market conditions of late 2007 and 2008 were widely expressed, including in the media, although no evidence of deliberate wrongdoing had been cited. In response, the British Bankers Association (BBA), which was responsible for the setting and governance of Libor, launched a review of the process in June 2008. 

  • JPMorgan Chase Reports Second-Quarter 2012 Net Income Of $5.0 Billion, Or $1.21 Per Share, On Revenue1 Of $22.9 Billion - Results Include CIO Trading Losses

    Date 13/07/2012

    JPMorgan Chase & Co. (NYSE: JPM) today reported second-quarter 2012 net income of $5.0 billion, compared with net income of $5.4 billion in the second quarter of 2011. Earnings per share were $1.21, compared with $1.27 in the second quarter of 2011. The Firm's return on tangible common equity for the second quarter of 2012 was 15%, compared with 17% in the prior year.

  • UK's Financial Services Authority Freezes Assets Of Suspected Land Banking Firm

    Date 13/07/2012

    Following a High Court order made on 13 July 2012, the Financial Services Authority (FSA) can now report that on 13 June 2012 it secured asset freezing orders against Asset L.I. Inc. (trading as Asset Land Worldwide), Equity Services (London) Limited, and Asset Land Investment PLC. The order also applies to three individuals who cannot be named for legal reasons.

  • Press Conference By Tadahiro Matsushita, Japan's Minister For Financial Services - Insider Trading And Merger of Tokyo And Osaka Bourses

    Date 13/07/2012

    [Questions & Answers]

    Q.

    First, let me ask you about insider trading related to public offering of new shares. At last week's meeting of the Financial System Council, you asked the council to consider measures to prevent a recurrence of insider trading. Among the main points of debate are how to treat the act of communicating insider information and the method of calculating the monetary penalty amount. I suppose there will be more serious issues of discussion, such as double punishments. What is your recognition of problems and issues?

    A.

    I asked the Financial System Council - I suppose some of you attended the meeting - to conduct deliberations on how to treat the act of communicating insider information, the method of calculating the monetary penalty amount, and the revisions of the insider trading regulation that will be required in light of the trend of insider trading cases in recent years and the actual circumstances of financial and business practices.