Here's a few links to some interesting Bloomberg, CNBC, New York Times and Reuters stories currently doing the rounds.
JPMorgan Chase reported net income of $3.7bn for the fourth quarter of 2011, compared with $4.8bn for the fourth quarter of 2010. Full-year 2011 net income was a record $19.0 bn, compared with $17.4bn for the prior year.
By Lyssa Barber, Managing Consultant & Head of Private Wealth Management, Allemby Hunt
Preet Bharara, the United States Attorney for the Southern District of New York, has announced that Drew K. Brownstein (also known as 'Bo'), CEO of a Denver-based hedge fund was sentenced Manhattan federal court to one year and one day in prison for securities fraud arising from an insider trading scheme in which he received material, non-public information about a pending acquisition of Mariner Energy, Inc.
Globalisation is a fickle business.
And you can't blame him.
Private equity firm Blackstone Group is the latest company to take action to protect itself against 'hostile' domain names.
One banker told Here Is The City:
Here's a few links to the latest news on the hiring front.
U.S. officials are investigating at least 10 major banks for the possible rigging of precious-metals markets, according to The Wall Street Journal.
While many start-ups may not justify their lofty valuations at this point, it's not stopping investors from knocking on their door.
Goldman Sachs generated about $10bn over the last five years from investments in funds, holdings that the firm is required to scale back because of the Volcker Rule.