Most Read on Bloomberg in August: JPMorgan, FOMC, Brevan Howard
The following list comprises the most-read Bloomberg News reports for August.
1. JPMorgan Bribery Probe Said to Expand as Spreadsheet Found
Aug. 29 (Bloomberg) -- A probe of JPMorgan Chase & Co.’s hiring practices in China has uncovered red flags across Asia, including an internal spreadsheet that linked appointments to specific deals pursued by the bank, people with knowledge of the matter said.
2. FOMC Minutes Highlight Bernanke’s Taper Plan Has Broad Support
Aug. 22 (Bloomberg) -- Federal Reserve policy makers considering when to reduce bond buying were “broadly comfortable” with Chairman Ben S. Bernanke’s plan to taper this year if the economy strengthens, with a few saying a reduction may be needed soon, minutes of their last meeting show.
3. Brevan Howard Traders Said to Depart as Fund Posts Loss in June
Aug. 19 (Bloomberg) -- Two Brevan Howard Asset Management LLP credit traders left in recent weeks, as the firm scales back after its biggest hedge fund had the worst monthly loss since 2008 in June, two people with knowledge of the matter said.
4. Repo Market Decline Raises Alarm as Regulation Strains Debt
Aug. 19 (Bloomberg) -- Regulations aimed at reducing the risk of another financial crisis are starting to upend a key part of the bond market that expedites trading in everything from Treasuries to junk bonds.
5. Ex-JPMorgan Trader Released, Saying He Opposes U.S. Extradition
Aug. 28 (Bloomberg) -- Former JPMorgan Chase & Co. trader Javier Martin-Artajo was released from police custody after telling a Madrid court he opposed attempts by U.S. prosecutors to extradite him on charges he hid trading losses that cost the bank $6.2 billion.
6. Currency Spikes at 4 P.M. in London Provide Rate-Rigging Clues
Aug. 28 (Bloomberg) -- In the space of 20 minutes on the last Friday in June, the value of the U.S. dollar jumped 0.57 percent against its Canadian counterpart, the biggest move in a month. Within an hour, two-thirds of that gain had melted away.
7. Stocks Fall as Oil Reaches 18-Month High on Syria, Gold Rallies
Aug. 27 (Bloomberg) -- Stocks slid the most since June and oil surged to an 18-month high amid concern the U.S. will take military action against Syria. Treasuries, the yen and gold rose while Turkey’s lira and India’s rupee reached record lows.
8. Bond Salesman Who Wasn’t Reveals RBS Human Error at Many Levels
Aug. 5 (Bloomberg) -- KK Ho appeared out of nowhere last year on the Royal Bank of Scotland Group Plc’s London trading floor.
9. Tourre’s Junior Employee Defense May Have Led to Trial Loss
Aug. 2 (Bloomberg) -- Fabrice Tourre, the former Goldman Sachs Group Inc. vice president found liable for his role in a failed $1 billion investment, may have lost his case because jurors rejected his defense that as a junior employee he wasn’t primarily responsible for the transaction.
10. Brothels in Nevada Suffering as Internet Disrupts Oldest Trade
Aug. 28 (Bloomberg) -- In a dim parlor furnished with red velvet couches and a stripper pole, Brooke Taylor is having a sale on herself.
1. Warning to Americans: Be Afraid, Very Afraid: Jeffrey Goldberg
Aug. 5 (Bloomberg) -- It seems as if al-Qaeda, or its Arabian Peninsula branch, has succeeded in terrorizing the United States of America again, but this time without -- as of this writing -– detonating an ounce of C4.
2. If You Think Europe Is Fine, Take a Look at Italy: Simon Johnson
Aug. 7 (Bloomberg) -- It has become fashionable not to worry about Europe and the euro area. This complacency has a serious flaw: Italy.
3. Krugman’s Attempt to Bury Friedman Buries Itself: Caroline Baum
4. Love Your Job? Thank the Country Where You Live: Edmund Phelps
Aug. 19 (Bloomberg) -- It is widely assumed that people in economically “advanced” countries do not differ significantly in how satisfied they are with their jobs. Because they are about equally productive, the reasoning is, they must produce things the same way, and so their work experience must be the same, too.
Aug. 22 (Bloomberg) -- In 1903, President Theodore Roosevelt invited naturalist John Muir, founder of the Sierra Club, to be his guide for his famous camping trip through Yosemite National Park. Muir was about to decline when a friend warned him that one must always accept the president’s invitation. Muir was offended by this notion, because it seemed to treat the president like a king. In the end, Muir decided to make the journey after all: “I suppose I shouldn’t refuse just because he happens to be president,” he said.
1. Draghi Says Economy to Stabilize, Recover at Slow Pace
Aug. 1 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the decision to keep the benchmark interest rate at a record low of 0.5 percent for a third month.
2. Greenwich Stilt Houses Portend Impact of New Flood Maps
Aug. 19 (Bloomberg) -- Some homeowners in Greenwich, Connecticut, are raising their houses on stilts after the U.S. government issued new flood insurance maps in the wake of Hurricane Sandy.
3. Nevada Brothels Squeezed by Recession, Web Prostitutes
Aug. 28 (Bloomberg) -- Nevada brothel owners and sex workers talk with Bloomberg’s Alison Vekshin about the impact of the U.S. recession on their business and the growing use of the Internet to arrange liaisons with prostitutes.
4. BMW’s $115,000 M6 Gran Coupe Unites Beauty and Power
Aug. 15 (Bloomberg) -- The 2014 BMW M6 Gran Coupe is seen in a promotional video from BMW of North America LLC.
5. Abandoned Dogs Roam Detroit’s Streets as Humans Dwindle
Aug. 21 (Bloomberg) -- Thousands of stray dogs roam the streets and vacant homes of bankrupt Detroit, replacing residents, menacing people who remain and overwhelming the city’s ability to find them homes or peaceful deaths.
To contact the editor responsible for this story: Alan Mirabella at email@example.com