In today’s Media Briefs public trust in the Australian media is among the worst in the world, Ten cooks up a new deal for MasterChef, a teenager jailed in Syria for blogging and more …
JP Morgan
US reform guarantees nothing
In a sense it’s a measure of America’s misery that in a new era of deflation and tight credit, it celebrates a Bill that curbs the banks.
Are the Big Banks cheating?
Goldman Sachs, Citigroup, JP Morgan, and Bank of America have all scored “perfect quarters” — making money on all 61 trading days this year. Are they really that good — or is the system rigged?
JP Morgan’s ConsMin con job a red flag for rainmakers
The NSW Supreme Court’s ruling on JP Morgan’s fee demands have sent shivers down the spines of thousands of investment banks across Australia.
How J.P. Morgan rescued the US dollar and bailed out a nation
Oh, the irony: over a century before his namesake company was bailed out by taxpayers to the tune of $25b, banker J.P. Morgan devised an enacted a risky strategy to pull America’s economy out of the Depression. John Steele Gordon explains how he pulled it off.
Australians cool on global warming
A new Morgan poll has found an increasing number of Australians think concerns over global warming and exaggerated, and an increasing partisan divide on the CPRS legislation. Possum Comitatus crunches the numbers.
Banks jockeying to do it all over again with carbon trading
As news circulates on the internet allegations that giant banks will make a killing on carbon trading, there are fears the scheme presents a high probability for fraud and insider trading.
REVEALED: Who’s on Timothy Geithner’s speed dial?
The AP has obtained seven months of US Treasury Secretary Timothy Geithner’s appointment records, finding he spends more time chatting with executives from Goldman Sachs, JPMorgan and Citigroup than the President himself. Is he getting too close to Wall St?
Bank DeathWatch: two more US banks add to toll
America is now heading for its worst year for bank failure since 1993.
JP Morgan’s move on Consmedia
A surprise move by a big US investment bank and a group of hedge and investment funds associated with it in the share register of Consolidated Media Holdings, writes Glenn Dyer.
JP Morgan’s lawyers cost them $1.8 billion
JP Morgan’s increased bid for Bear Stearn is believed to have been spurred by a legal blunder, writes Adam Schwab.
Bear Stearns shareholders offered a reprieve
JP Morgan’s revised offer for Bear Stearns has assured Wall Street that, whatever happens, shareholders and high flyers in investment banks will be looked after, writes Glenn Dyer.
Doubts emerge over Bear Stearns rescue bid
JP Morgan’s “rescue” of Bear Stearns, backed by the US Federal Reserve’s $US30 billion line of credit, could be under threat, reports Glenn Dyer.
Bear Stearns rescue tips US back from the brink
On Friday the US Federal Reserve rushed through a bail out of America’s 5th biggest investment bank, Bear Stearns and is struggling to contain what is now the worst financial crisis the world markets have seen since the Depression, writes Glenn Dyer
Centro Day 3: Everything might be alright, shares soar
After predicting the sky was going to fall in on Monday with cancelled distributions and redemptions, previously undisclosed billions of short term debt and a CEO only prepared to say Centro was solvent until 15 February, today the company released this bullish update which sent its share price surging.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
NIB shows how not to demutualise
Former members of the Newcastle-based mutual NIB should be outraged that JP Morgan has transferred $36 million of their value to a small group of its institutional investors as part of the demutualisation process, writes Stephen Mayne.
Kimberley Diamond looks a gem in the rough
What’s been happening at the Kimberley Diamond Company, owners of the Ellendale diamond mine in Western Australia and now the recipient of an opportunistic bid from the London-based Gem Diamond?
