2x[Front Page] + 2[Libor] + 3[Global Finance]

Two articles on the front page of today’s WSJ continue the risk/compliance theme around information.

“J.P. Morgan Offers $3 Billion to End Mortgage Probes,” Wall Street Journal, September 25, 2013 A1 http://on.wsj.com/1eFyPDx  Proposal to resolve allegations around the quality of mortgages behind security offerings is less than one-half of the company’s second quarter net income. [That must be comforting to the current shareholders, who are paying for this, as well as the other $3.6 billion in settlements since 2011, and the legal fees, etc.]

“Prosecutors Pursue Big SAC Settlement,” Wall Street Journal, September 25, 2013 A1 http://on.wsj.com/1eHdbPd Proposed settlement $1.5 billion to $2 billion of insider trading charges.

In addition:

Former UBS executive doesn’t recall meeting central figure in Libor rate-fixing scandal. Some emails indicate the exec may have spoken to the guy to convince him not to leave UBS.   Wall Street Journal, September 25, 2013 C1 http://on.wsj.com/16IZqrh

ICAP case has a bunch of IMs and emails documenting the Libor rate setting efforts http://on.wsj.com/1fDj3rO.  Staff faces criminal charges.  Wall Street Journal, September 25, 2013 C2 http://on.wsj.com/18pyWyE

Plus three more:

Civil fraud case against BofA’s Countrywide’s alleged misrepresentations to Fannie Mae and Freddie Mac re quality of mortgage loans.  Wall Street Journal, September 25, 2013 C3 http://on.wsj.com/1aoPN45

New York Attorney General assails “Insider trading 2.0” (high-speed trading based on advance looks at information) Wall Street Journal, September 25, 2013 C3 http://on.wsj.com/18WPXCo

Proposed increase in New York penalties for illegally copying proprietary software code. Wall Street Journal, September 25, 2013 C3 http://on.wsj.com/18WQ9BG

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Filed under Content, Data quality, Ownership, Requirements, Risk, Third parties, Use, Value

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