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4 HOURS AGO - New York Post

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JPMorgan replaces the late Jimmy Lee with its top lawyer

JPMorgan Chase on Monday appointed its top lawyer, Steve Cutler, to fill the vice chairman position left empty by the death of Jimmy Lee last month. The move is indicative...

Tags: JPMorgan replaces the late Jimmy Lee with its top lawyer,  Jpmorgan Chase Latest News

16 HOURS AGO - Business Insider

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Meet JPMorgan's newest vice chairman—a former SEC director who investigated Enron and WorldCom

JPMorgan Chase has appointed its general counsel, Stephen M. Cutler, to vice chairman, the bank said in a press release. Cutler's appointment comes a few weeks after Jimmy Lee, the bank's beloved legendary dealmaker/vice chairman unexpectedly died last month. As vice chairman, Cutler will serve as an adviser to JPMorgan's CEO Jamie Dimon and continue assist with legal and regulatory matters, the ...

Tags: Meet JPMorgan's newest vice chairman—a former SEC director who investigated Enron and WorldCom,  Jpmorgan Chase Latest News

17 MINS AGO - Yahoo! News

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Europe steadies before Greece summit, China stocks fall again

By Nigel Stephenson LONDON (Reuters) - European stock and bond markets steadied on Tuesday before a euro zone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon. Euro zone leaders meet in Brussels, awaiting proposals from Greek Prime Minister Alexis Tsipras as his country's banks ...

Tags: Europe steadies before Greece summit, China stocks fall again,  China Latest News

37 MINS AGO - FT Alphaville

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‘Confidence is more precious than gold’ (but blue chips and suspensions also useful)

From Deutcshe’s Jim Reid this morning: The measures implemented over the weekend now feel like a distant afterthought. In the meantime the nations’ media has again tried to lend its support to calm nerves with the Securities Journal this morning suggesting that the Chinese economy has the basis of a long-term bull market, while yesterday’s People’s Daily reported a headline ...

Tags: ‘Confidence is more precious than gold’ (but blue chips and suspensions also useful),  China Latest News

8 HOURS AGO - Zero Hedge

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There is Only One Way Out For Greece

Submitted by Martin Armstrong via ArmstrongEconomics.com, Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as if this were “Game of Thrones”. Those in power have misread history, almost at every possible level. The assumption that the D-marks’ strength was a ...

Tags: There is Only One Way Out For Greece,  United Nations Latest News

JUL 05, 2015 - Business Insider

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Step inside the tiny Soviet country that doesn't technically exist

We all take pride in our roots, but photographer Anton Polyakov has a unique love for his homeland. Polyakov was born and raised in the breakaway province of Transnistria, an approximately 125-mile-long sliver of territory along the Dniester River running between Moldova and Ukraine. In the aftermath of the USSR’s collapse in the early 90s, the Soviet Republic of Moldova ...

Tags: Step inside the tiny Soviet country that doesn't technically exist,  United Nations Latest News

37 MINS AGO - Business Insider

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Juncker: 'We will not reach a deal with Greece today'

European Commission President Jean-Claude Juncker unleashed a number of home truths to Greece and its Prime Minister Alexis Tsipras on Tuesday, after the country overwhelmingly voted "No" – or "OXI" – in the country's bailout referendum Sunday. He said there there will be no deal reached today and that all parties must discuss "what 'respecting Greek vote' means." Tsipras is set to unveil new ...

Tags: Juncker: 'We will not reach a deal with Greece today',  European Central Bank Latest News

1 HOUR AGO - FT Alphaville

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FirstFT (the new 6am Cut)

Athens will be given a final chance to present a new reform plan to eurozone leaders on Tuesday night, despite a hardening attitude to Greece in many capitals after the rejection of previous bailout terms in the Sunday referendum. Meanwhile, Greek banks are to stay closed on Tuesday and Wednesday. However, eurozone officials said leaders were unlikely to agree to ...

Tags: FirstFT (the new 6am Cut),  European Central Bank Latest News

JUL 06, 2015 - Huffington Post

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Greece Resoundingly Rejects Austerity In Referendum On Bailout Deal

Greeks on Sunday decisively rejected a bailout deal proposed by the country's international creditors, which demanded new austerity measures in return for emergency funds. The vote amounted to a stinging rebuke of the austerity measures imposed on Greece since 2010. The win for the "no" camp constituted a major victory for Greek Prime Minister Alexis Tspiras, who had campaigned heavily ...

Tags: Greece Resoundingly Rejects Austerity In Referendum On Bailout Deal,  European Central Bank Latest News

17 MINS AGO - Yahoo! News

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Europe steadies before Greece summit, China stocks fall again

By Nigel Stephenson LONDON (Reuters) - European stock and bond markets steadied on Tuesday before a euro zone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon. Euro zone leaders meet in Brussels, awaiting proposals from Greek Prime Minister Alexis Tsipras as his country's banks ...

Tags: Europe steadies before Greece summit, China stocks fall again,  Euro Latest News

7 MINS AGO - Yahoo! News

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Oil rallies after huge selloff, outlook weak

Oil prices rallied on Tuesday, after one of their biggest selloffs this year, but looked vulnerable to further falls after China's stock market took another tumble and Greece moved closer to leaving the euro zone. Brent crude for August was up 70 cents at $57.24 a barrel by 0810 GMT (4.10 a.m. EDT), following a more than 6 percent drop ...

Tags: Oil rallies after huge selloff, outlook weak,  Euro Latest News

JUL 05, 2015 - Zero Hedge

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The "Nightmare Of The Euro-Architects" Is Coming True: JPM Now Sees Grexit, Eurogroup "Split In Coming Days"

Perhaps the best summary - or epitaph, some would say - of the shocking events that took place in Greece this afternoon, and the resultant falling dominoes that are about to be unleashed, was given by Slovakia's finance minister Peter Kazimir, who summarized events as follows: The nightmare of the 'euro-architects' that a country could leave the club seems like ...

Tags: The "Nightmare Of The Euro-Architects" Is Coming True: JPM Now Sees Grexit, Eurogroup "Split In Coming Days",  Euro Latest News