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Recent Summary.     Click for More > JPMorgan to acquire Bear Stearns. New York WorldCom in accounting trouble, cut jobs. New York Insurers face claims up to $15bn. New York
Argentine debt talks end in failure. New York JP Morgan in record $13bn settlement. Manhattan US 'will sue' Standard & Poor's. New York Citigroup in 11,000 staff cull. Manhattan American Jim Yong Kim named World Bank chief   New York: Jim Yong Kim was tapped to be the next president of the World Bank, besting Nigerian finance minister Ngozi Okonjo-Iweala 9 eurozone nations downgraded by S&P  New York: Standard & Poor's said Friday that it has downgraded the credit ratings of nine euro area governments, including AAA-rated France and Austria IMF chief resigns over sex charge. New York Goldman executives in crash profit boasts. New York Obama pushes case for bank reform bill. New York Goldman Sachs accused of fraud. New York CIT Group files for US bankruptcy. New York US banks' profits beat forecasts. New York   Fraudster Madoff gets 150 years  New York: Bernard Madoff has been given the maximum prison sentence for masterminding a massive fraud that robbed investors of $65bn Missing billionaire found. Virginia Citigroup to split as losses grow. New York   Top investors 'hit by $50bn con'  New York: Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard ... Citigroup secures U.S. government lifeline. Washington Citigroup job cull to hit 75,000. New York US banks make shock status switch. New York Lehman Bros files for bankruptcy


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  New York: The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis.    The move dealed a further blow to the global financial system. It was a primary dealer in t...
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Lawsuit Settled Main Event: JP Morgan in rec...
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B. 2014-09-29 Argentina 'in contempt' of US court New York
C. 2014-09-03 Ex-New York mayor back at Bloomberg Manhattan
D. 2014-07-30 Argentine debt talks end in failure New York
2013-11-19 JP Morgan in record $13bn settlement Manhattan
5. 2013-11-15 JP Morgan agrees $4.5bn settlement Manhattan
G. 2013-11-04 Hedge fund in $1.8bn fraud payout New York
7. 2013-10-25 JP Morgan agrees $5.1bn settlement Manhattan
8. 2013-10-19 JP Morgan 'faces record $13bn fine' Manhattan
J. 2013-09-19 JP Morgan pays $920m to regulators Manhattan


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Argentina 'in contempt' of US court. New York Ex-New York mayor back at Bloomberg. Manhattan Argentine debt talks end in failure  New York: Last-minute talks in New York between Argentina and a group of bond-holders to avoid the country defaulting on its debt have ended in failur... JP Morgan in record $13bn settlement Map of Manhattan  Manhattan: JP Morgan has agreed to a record $13bn settlement with US regulators for misleading investors during the housing crisis JP Morgan agrees $4.5bn settlement. Manhattan Hedge fund in $1.8bn fraud payout. New York JP Morgan agrees $5.1bn settlement. Manhattan JP Morgan 'faces record $13bn fine'. Manhattan JP Morgan pays $920m to regulators. Manhattan Swedish Princess Madeleine weds New York banker. Sweden US 'will sue' Standard & Poor's   New York: Standard & Poor's says it is to be sued by US government over the credit ratings agency's assessment of mortgage bonds before the financial crisis Citigroup in 11,000 staff cull   Manhattan: Citigroup says it is cutting 11,000 jobs worldwide in an efficiency drive, with most of the jobs being lost in its consumer banking division Ex-Goldman Sachs board member jailed for 2 years. New York Citigroup's boss Pandit resigns. Manhattan JPMorgan doubles its trading loss. Manhattan JPMorgan reveals shock $2bn loss. New York American Jim Yong Kim named World Bank chief


year 2014 Top ^

Sep.29
Sep.3
Jul.30


year 2013 Top ^

Nov.19
Nov.15
Nov.4
Oct.25
Oct.19
Sep.19
Jun.8
Feb.4


year 2012 Top ^

Dec.5
Oct.24
Oct.16
Jul.13
May.10
Apr.16
  New York: Jim Yong Kim was tapped to be the next president of the World Bank, besting Nigerian finance minister Ngozi Okonjo-Iweala
Mar.14 Goldman boss defends its ethics. New York Mar.6 Lehman Brothers exits bankruptcy. New York Jan.13 9 eurozone nations downgraded by S&P
  New York: Standard & Poor's said Friday that it has downgraded the credit ratings of nine euro area governments, including AAA-rated France and Austria


year 2011 Top ^

Dec.6 Citigroup plans to cut 4,500 jobs. New York Nov.29 Wall Street titans in credit downgrade. New York Nov.11 Penn State coach ordered on leave. Pennsylvania Oct.18  Goldman Sachs reports $393m loss May.18   IMF chief resigns over sex charge
  New York: International Monetary Fund chief Dominique Strauss-Kahn has offered to resign following an alleged sexual assault of a hotel maid

year 2010 Top ^

Apr.24 Goldman executives in crash profit boasts  New York: Released e-mails : Goldman Sachs executives boasted about the money the bank was making while the US housing market was collapsing in 2007 Apr.22   Obama pushes case for bank reform bill  New York: US President Barack Obama will push the case for more government regulation of big banks in a speech to financial leaders Apr.16 Goldman Sachs accused of fraud  New York: The Wall Street powerhouse has been accused of defrauding investors by the Securities and Exchange Commission

year 2009 Top ^

Nov.1 CIT Group files for US bankruptcy  New York: The lender has filed for bankruptcy protection, after a debt-exchange offer to bondholders failed. The reorganisation plan will reduce debt by... Oct.15 US banks' profits beat forecasts  New York: Goldman Sachs and Citigroup have reported better-than-expected profits between July and September Jul.14 Goldman Sachs sees bumper profit
. New York Jun.29   Fraudster Madoff gets 150 years
  New York: Bernard Madoff has been given the maximum prison sentence for masterminding a massive fraud that robbed investors of $65bn
Jun.4 Fraud charge for Countrywide boss. New York Mar.26 US plans to rein in Wall Street. Washington Mar.12 Madoff admits $50bn fraud scheme. New York Mar.10 Banking stocks lead markets surge. New York Feb.19 Missing billionaire found   Virginia: Federal agents have located financier Robert Allen Stanford. They are accusing him of orchestrating a $9.2 billion investment fraud Jan.16 Citigroup to split as losses grow  New York: Struggling banking giant has announced plans to split the firm in two, Citicorp and Citi Holdings, as it reported a quarterly loss of $8

year 2008 Top ^

Dec.13   Top investors 'hit by $50bn con'
  New York: Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard Madoff.    Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyrami...
Nov.23 Citigroup secures U.S. government lifeline  Washington: The government outlined a massive rescue package that would inject another $20 billion into the banking giant, shares of which have plunged Nov.17 Citigroup job cull to hit 75,000  New York: The bank has announced plans for new job cuts, on top of 23,000 cuts already made this year It's about 20% of its staff Oct.7 Wall Street flat as Fed unveils new plan. New York Sep.21 US banks make shock status switch
  New York: Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors Sep.14 Lehman Bros files for bankruptcy
  New York: The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis
 The move dealed a further blow to the global financial system. It was a primary dealer in the U.S. Treasury securities market. The filing marked the largest bankruptcy in U.S. history
Barclays quits Lehman sale talks. New York Mar.16 JPMorgan to acquire Bear Stearns  New York: JPMorgan Chase has said it is to buy Wall Street's 5th-largest investment bank for $2 a share Mar.14 Bear Stearns gets emergency funds. New York

year 2004 Top ^

May.10 Rate fears batter global markets
. New York

year 2002 Top ^

Jun.28 Accounting panic hits Xerox
. New York Jun.25 WorldCom in accounting trouble, cut jobs  New York: Troubled telecom firm announces overstatement of financial results, 17,000 job cuts. WorldCom terminated CFO

year 2001 Top ^

Sep.12 Insurers face claims up to $15bn  New York: Owners of the World Trade Center had insured only one of the 2 towers