Jpmorgan Fined $920 Million In ‘london Whale’ Trading Loss

Wembley Stadium Officials Desire Hosting London NFL Franchise and Super Bowl

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Managing director Roger Maslin said the stadium is prepared to handle all of its different events, including a complete schedule of home games for a possible NFL franchise based in London, according to The Independent . We would be very happy to facilitate NFL at Wembley. We can hold games every couple of weeks, absolutely. Clearly, with the calendar we have to look very, very carefully and make sure we have the right balance. Football is our priority but I am absolutely confident that if Roger Goodell wanted to have a franchise here that we could absolutely deliver on it. For now, the NFL continues to stage regular-season games in London between American-based teams on an annual basis. Should the NFL have a franchise in London? Yes, it would help grow the sport. No, too many potential issues. Submit Vote vote to see results Should the NFL have a franchise in London? Yes, it would help grow the sport. 39.9% No, too many potential issues.

Eddie Izzard Confirms Plan to Run for London Mayor in 2020

and U.K. regulators to settle charges related to the “London Whale” trading debacle. With the penalty, the bank is acknowledging that it violated banking rules by not properly overseeing its trading operations. In legal language, regulators said that the bank engaged in “unsafe and unsound practices.” As a result of those inadequate risk controls, a team of traders made a complex derivatives bet last year that ultimately generated about $6 billion in losses . Former JPMorgan trader Bruno Iksil, whose team is thought to be responsible for the bet, was nicknamed the “London Whale” due to the massive trading position, and the fact that he was based in London. But while two of Iksil’s collegues had criminal charges filed against them last month in Federal District Court in New York, Iksil, who is cooperating with authorities, has not been charged personally. The fine money will be split among regulators, with $300 million going to the Office of the Comptroller of the Currency, $200 million going to the Securities and Exchange Commission, $200 million to the Federal Reserve and $220 million to the U.K. Financial Conduct Authority. The money paid to regulators will likely all end up in the general coffers of the U.S. Treasury and U.K. Finance Ministry and will not increase or fund regulators’ budgets.

jamie dimon

LONDON Comedian and actor Eddie Izzard is to turn his talents to politics after saying he will run to be Mayor of London in 2020. our editor recommends Mipcom 2012: Brit TV Indie to bring Eddie Izzard Doc to Market Izzard, a long time supporter of the U.K.’s Labour Party, pledged to seek the office currently occupied by the Conservative party’s Boris Johnson. Speaking at the Labour Party’s annual conference Tuesday Izzard said he would run for Mayor of London in 2020, opting not to run in the next election in 2016. According to a report in the London Evening Standard newspaper Izzard is said to be Labour leader Ed Miliband’s preferred candidate. The British capital’s Standard broke the story last year that Izzard was eyeing the possibility of stepping out of entertainment and into politics with the Mayoral election in mind. Speculation in the British press suggest that Izzard is not looking to be elected in 2016 as that race already has a host of seasoned members of Parliament in the running for ballot box votes. Member of parliament Tessa Jowell, a former culture secretary, is among those interested for 2016 but is reported to only want to occupy the role for one term, through to 2020. Jowell told The Standard: “Eddie is a man of enormous substance, generosity and conviction. His decision to do this is a vote of confidence in Labour.” Izzard has appeared in several films, including Cars 2, Ocean’s Twelve and Ocean’s Thirteen, Across The Universe and Velvet Goldmine. His television credits include NBC’s Mockingbird Lane, Showtime’s United States of Tara and FX’s The Riches, which he also produced and starred opposite Minnie Driver. Izzard also appears in the NBC series Hannibal. In 2010, the documentary Believe: The Eddie Izzard Story received an Emmy nomination.