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Feds said after JPMorgan like Jimmy Hoffa

Jamie Dimon

The government's wave of legal actions against JPMorgan Chase is designed to make the bank look bad and is a relentless approach similar to Feds' pursuit of Jimmy Hoffa, CNBC's Jim Cramer said Wednesday.

AIG boss backs away from lynching comments

Hand On Mouth

The CEO of bailed-out insurance giant American International Group has backed away from inflammatory comments in which he compared the public anger over bonuses to the lynching of African Americans in the Deep South.

Europe's banks face $95 bn funding shortfall

Oliver Twist

Europe's largest banks will need to find an extra $95 billion of capital to comply with the tough banking rules due to be implemented in 2019, according to a report by the region's banking regulator.

Banking union needed 'as soon as possible': Trichet

European Union

Europe must make a decision as soon as possible on setting up a strong central authority to handle failing lenders, a key plank of establishing a successful banking union, former European Central Bank (ECB) president Jean Claude Trichet urged on Thursday.