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IMF Urges Treasury To Speed Up Sale Of Lloyds and RBS

For Sale Sign

Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the £65bn stakes in the two bailed-out banks.

Jamie Dimon Crushes Critics With Astounding Win

Winston Churchill

JPMorgan Chase Chairman and CEO Jamie Dimon on Tuesday won a crucial shareholder vote rejecting a proposal to strip him of his chairman title, a big victory for the brash leader of the country's largest bank.

Cohen Subpoena Puts SAC Settlement Talks On Ice

Melting Ice Cube

Settlement talks between SAC Capital and the federal government, which could have led to a pact preventing criminal charges against founder Steven Cohen, are off after Cohen was issued a subpoena by prosecutors last week.



The Titanic

Is Glencore the mining sector's Lehman?

Experts are beginning to warn of the dire financial impact across the mining and metals space if Glencore, one of the world's largest resource companies, is unable to control its skyrocketing debt load.