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The United States opened its banking market to China's biggest bank ICBC, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.
Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia.
JP Morgan loses $2 billion in speculative trading
Democrats in Congress are already using the incident to call for strong regulations. “The enormous loss JPMorgan announced today is just the latest evidence that what banks call ‘hedges’ are often risky bets that so-called ‘too-big-to-fail’ banks have no business making.”
Hey did you read the whole article about the woman who go 20 years for firing off a warning shot?
Cause if you did you would know she was offered a smaller 3 year sentence which she decided to refuse and go to trial so the judge was given no choice but to pass the 20 year sentence.
I pasted the relevant piece of the article below.
"Corey said she had offered Alexander a plea bargain that would have resulted in a three-year prison sentence, but Alexander chose to take the case to a jury trial, where a conviction would carry a mandatory sentence under a Florida law known as "10-20-life."
bump for the other similar topics
because it's saturday...
let's add some fear too,
European leaders and financial markets braced for Greece exit from euro
Financial markets are hastily making preparations for a Greek exit from the euro after a day of political and economic turmoil ended with Europe's policy elite admitting for the first time that it may prove impossible to keep the single currency intact.