Written by LONDON — JPMorgan Chase was fined £33.32 million, or $49 million, by Britain’s financial regulator Thursday for failing to keep client funds separate from the firm’s money. READ MORE »
Posts in category Hard Money
Euro hits multi-year low, recovers on short covering
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. READ MORE »
Wholesale Inventories in U.S. Rose 0.4% in April, Sales Up 0.7%
Inventories at U.S. wholesalers rose for a fourth month in April, accompanied by a jump in sales that signals companies will ramp up orders to meet demand. READ MORE »
Recovery fears dog European shares; banks fall
* FTSEurofirst 300 index down 0.8 pct
* Banks, miners fall on growth worries
* Adidas pressured as Nike warns on costs READ MORE »
Hard Money Lending Booms in Tough Economy
Hard money lenders, where the downtrodden and desperate seek money are having a field day in the current tough economy, reaping huge profits from clients, most of whom are just trying to get by from day to day. READ MORE »