IBT Staff Reporter

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JPMorgan chief warns of overregulation: report

The head of JPMorgan Chase & Co in a German newspaper interview on Sunday turned against the possibility of stricter bank regulation and asked for better access for bankers to politicians.

Geithner confident Senate close to financial overhaul

Treasury Secretary Timothy Geithner said on Sunday he was confident there was enough political unity on Capitol Hill for the Senate to forge a strong financial regulatory bill despite differences over some parts of it.

Geithner: Very close on financial overhaul

Treasury Secretary Timothy Geithner said on Sunday he was confident there was enough political unity on Capitol Hill for the Senate to forge a strong financial regulatory bill despite differences over some parts of it.

New York OTB board extends operations for a year

The board of New York City's bankrupt Off-Track Betting Corporation voted on Saturday to continue operations for another year, just one day before a scheduled shutdown of the horse racing gambling parlors.

Greece to decide on EU/IMF aid within weeks

Greece will decide within weeks on whether to activate a euro zone aid package, Prime Minister George Papandreou said, as a poll showed austerity measures had begun hitting Athenians' pocket books.

Oil Market Summary for 04/12/2010 to 04/16/2010

Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime mortgage securities, amid a general sell-off in financial and commodity markets. The allegations against one of the biggest market makers in virtually every markets dampened speculation heading into the weekend. Much like the volcanic eruption in Iceland spewed a cloud of dust over northern Europe that grounded all air travel, the SEC charge cast a ...

Regulators seize eight banks

U.S. regulators on Friday seized eight banks with assets totaling more than $6 billion, raising the tally this year to 51 failed banks and adding to the carnage of small institutions that is expected to peak this year.

Goldman charges rattle world markets

World stock markets dropped on Friday after U.S. regulators charged Goldman Sachs Group Inc. with fraud related to subprime mortgages, while the euro dropped on worries about Greece's debt crisis.

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