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JPMorgan said near whale trade settlement

Beached Whale

JPMorgan Chase is negotiating final terms of a deal with U.S. securities regulators to end a year long probe of derivatives bets that led to the bank’s biggest trading loss ever, two people briefed on the talks said.

SEC civil case against SAC's Cohen stayed by judge


Steven A. Cohen got a reprieve on Thursday, albeit a small and temporary one, when an administrative law judge approved a request to stay a case brought by securities regulators, who have accused the billionaire hedge fund manager of failing to supervise two of his employees.

Goldman traders made $1bn in 10 days

A Billion Dollars

Goldman Sachs, which generated about half its revenue from trading last quarter, posted losses from that business on six days in the second quarter, unchanged from a year earlier.

Goldman President said to seek PR face-time

Gary Cohn Interview Pic

When Goldman Sachs President Gary Cohn recently addressed first-year analysts while his boss, CEO Lloyd Blankfein, got stuck talking to the firm’s lowly interns, the rumor mill inside the big Wall Street firm began to churn over whether this was a sign that Cohn was about to get the job he has longed coveted and run the famed investment bank.