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Feb 4, 2014

DiNapoli pushes bank high-risk disclosures

ALBANY — New York’s comptroller is urging two major banks to tell shareholders which employees are capable of exposing them to major losses because of their portfolios and bonus incentives. Comptroller Thomas DiNapoli, trustee of New York’s $173 billion pension fund, filed shareholder resolutions at Wells Fargo and Bank of America. With fund investments in […]

Jul 30, 2012

HSBC says sorry as it takes $700 million hit

LONDON — HSBC PLC apologized to shareholders Monday as it disclosed a $700 million charge to cover the cost of U.S. penalties for lapses including its failure to enforce money-laundering controls in Mexico. The provision was announced as Europe’s biggest bank reported an 11 percent advance in pretax profit in the first half of the […]

Jun 14, 2011

U.S. Supreme Court nixes shareholders’ 10-b claim

A service management company cannot be liable under Securities and Exchange Commission Rule 10b-5 for alleged securities violations of the mutual funds it sponsors, the U.S. Supreme Court has ruled. The case was a class action brought by shareholders ...

May 9, 2011

Nasdaq, ICE seek support for bid for NYSE

NEW YORK CITY — Nasdaq and IntercontinentalExchange are reaching out directly to the shareholders of the parent company of the New York Stock Exchange in its unsolicited bid to acquire the exchange owner.

Apr 12, 2011

Shareholders seen as next round in battle for NYSE

NEW YORK CITY — A battle for control of the New York Stock Exchange moved into dueling appeals to shareholders Monday, a day after a rival bidder complained that its $11.3 billion bid was rejected without discussion.

Jan 11, 2011

Does a whiff of a problem equal securities fraud?

During lively oral arguments in a case that could have implications far beyond the securities fraud sphere, the justices of the U.S. Supreme Court tried to determine just what constitutes material information that should be disclosed to shareholders.

Dec 29, 2010

SEC looking into trades of private shares

SAN FRANCISCO (AP) — The Securities and Exchange Commission is looking into the booming trade in the privately held shares of popular social networking behemoths such as Facebook, LinkedIn, Twitter and Zynga, according to reports in The New York Times and elsewhere.

Apr 22, 2010

J&J shareholders reject ‘say on pay’

Shareholders of health care giant Johnson & Johnson on Thursday narrowly rejected a proposal to give themselves a “say on pay” of top executives, but the vote results may not be final.

Apr 14, 2010

JPMorgan Chase could increase dividend

NEW YORK — JPMorgan Chase & Co. CEO Jamie Dimon said Wednesday that his bank is open to boosting its dividend but first wants to see more improvement in the economy and more clarity about proposed financial reforms.

Apr 1, 2010

JPMorgan Chase CEO: Bank could raise dividend

NEW YORK CITY — JPMorgan Chase & Co.’s CEO Jamie Dimon said the bank could hike its dividend if economic conditions improve and potential regulatory reform is settled.

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