(Reuters) – China’s president-in-waiting Xi Jinping won a strong mandate on Thursday to lead the world’s second-biggest economy and deal with problems ranging from corruption to economic uncertainty. Article
Leaders of the Eurozone and the IMF disagree on targets for Greece. If the IMF gets it way, the EU will have to write off some Greek debt. Is what’s good for Greece, good for the EU? Article
The government of French President Francois Hollande deserves credit for its decision last week to cut payroll taxes. Unfortunately, by itself, the 20 billion euro ($25 billion) reduction in costs for companies won’t administer the “competitiveness shock” that a dire, government-commissioned study recommended Nov. 5 to revive growth. Article
The IEA, an authoritative source of information on global oil markets, is joining other forecasters such as the Organization of the Petroleum Exporting Countries and the U.S. Energy Information Administration in predicting the sharp rise in U.S. oil production in the coming years. Article
from going upthe organisational hierarchy beyond a point?..articleIt’s no secret that the methods many banks use for calculating capital ratios are a farce, especially at large European lenders. Article
dramatically over the next 50 years, says OECD
The balance of economic power is expected to shift dramatically over the next half century, with fast-growing emerging-market economies accounting for an ever-increasing share of global output, according to a OECD report.
Rebecca Mairone, then at Bank of America, testifies to the Housing and Community Opportunity Subcommittee in Washington, D.C., on Nov. 18, 2010. Mairone now heads JPMorgan Chase’s involvement in the Independent Foreclosure Review. (Joshua Roberts/Bloomberg via Getty Images)
An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie Mac is now spearheading JPMorgan Chase’s role in the government’s program to compensate victims of the big banks’ abusive foreclosure practices. Article
The High Water Women Foundation is a charitable organization founded in 2005 by senior women in the Hedge Fund Industry. Their mission is to empower women and youth in need by creating powerful volunteer opportunities that leverage the talents and aspirations of professional women.
Commodities Futures Trading Association charges ex-Goldman Sachs employee.
The CFTC complaint did not name Goldman but referred to Taylor’s employer at the time of the suspected fraud only as a “large Futures Commission merchant.”
However, broker records from the Financial Industry Regulatory Authority, Wall Street’s industry funded regulator, showed that Taylor was discharged from Goldman in December 2007 for “alleged conduct related to inappropriately large proprietary futures positions in a firm trading account. Article
