Thursday, December 23, 2010
U.S. banking giant Goldman Sachs suffered another ticket, small friction and other "deeper".
<P> Problems facing the U.S. banking giant seemed to grow bigger, and the present situation across the ocean to upgrade. .As a foreign house analyst said: "According to the current situation and the determination shown by the Government, any bank can be spared the possibility has been getting smaller and smaller." Few, especially in the financial turmoil that the relative performance of the "Excellence in ."The investment bank, it seems more and more become the government's" thorn in the flesh, "is a recent pick was a" hit. " .Governments in Europe and America to promote the process of financial regulatory reform, the future of U.S. banking giant more show the complicated and confusing. .</ P> <P> small friction leading UK ticket </ P> <P> recently, the British Financial Services Authority (FSA, referred to as "FSA"), the securities department of JP Morgan Chase out of the huge £ 33,320,000 .fine, this is the history of the British financial regulator fined the maximum out than it is to the Royal Dutch Shell had made out a record 17 million pounds fine was nearly twice as much. .</ P> <P> and the FSA to make such a high penalty on the grounds that JP Morgan Chase failed to protect the billions of dollars of customer funds, there is no separation of these funds into account. .FSA said that in November 2002 to July 2009 period, JP Morgan Securities, JP Morgan Chase failed to futures and options business hold client funds separate. .During this period, the balance of funds in the client from 1.9 to 23 billion U.S. dollars between the changes. .Once JP Morgan Chase in any period of time bankruptcy, the money of customers will face the risk of loss. .</ P> <P> "In fact, JP Morgan Chase so sophisticated financial institutions, such errors should not occur is not likely to happen, but still happens. Although the FSA also showed that the JP Morgan Chase .misconduct was not intentional, and a small friction when it found problems to be informed promptly, but this is likely to touch the European Union and European financial regulators are more sensitive nerve, does not exclude other countries, including the United Kingdom JP Morgan to conduct a more .large-scale investigation. "a banking industry analyst said. .</ P> <P> FSA enforcement director Margaret Cole (Margaret Cole), said: "This punishment, large and small organizations to send a strong signal - they must ensure that customer funds in accordance with British .the provisions of the HKMA is isolated. financial institutions must correct their attitude concerned about this action, we will handle more cases. "</ P> <P> banks into common knowledge </ P> <P> Despite the just-concluded South Korea .Busan G20 meeting of finance ministers and central bank governors, subject to financial regulatory reform is still no substantial progress, disputes between countries still continue, but which no doubt is that the Western developed countries, particularly the attitude of financial institutions more .was severe. .</ P> <P> in the United States bogged down in "fraudulent door" Goldman Sachs, recently subjected to European countries is "under siege", a number of European countries are in the business for Goldman Sachs in their investigation. .In the UK, once belonged to a Dutch bank Royal Bank of Scotland, had invested in the Goldman Sachs investment fraud involving tools, loss of 840 million U.S. dollars, the heaviest loss of the party. .The FSA said in a brief statement, after preliminary investigation, the council is involved in fraud to Goldman Sachs and the United States Securities and Exchange Commission liaison, research conducted by Goldman Sachs and the London branch of the incident is similar to the transaction. .</ P> <P>, a German bank (IKB) and other agencies have invested in Goldman Sachs investment fraud case involving investment vehicles, IKB amount of 1.5 billion investment loss of nearly all, and later had to accept government funding to save. .German government spokesman told the media that the German financial supervisory authorities have asked U.S. counterparts to provide detailed briefings, after careful assessment to decide whether to take legal measures. .While Greece, Spain and other countries have "bite," the Goldman Sachs hold. .</ P> <P> "The FSA JP Morgan Chase out of the penalty is very high, and 30% in the discount after a certain extent this explains the world's financial regulators on financial institutions more .increasingly tough attitude. but some time ago, and even China's regulators have been suggested response to Goldman Sachs survey of business in China, regardless of whether or not involved in the Chinese regulators, Goldman Sachs, Morgan Stanley, banks have little friction and other giants in this wave of global .of the wave of the financial regulatory reform, it is difficult to get out, but will pay no small cost. "the analyst said with a smile," a fine, a lawsuit will be the liquidation of the necessary means, and for regulatory agencies, this will also make .muster a lot of their pockets. And if the money used to promote financial regulatory reform, may well be the best use. "</ P>.
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