International Monetary Fund Managing Director Christine Lagarde backed Group of 20 chair Australia’s proposal to put a number on economic growth targets as the gathering shakes off its crisis-response group origins.
Wall Street hiring in Asia is coming under increasing scrutiny in the wake of a U.S. criminal investigation into whether JPMorgan Chase & Co. employed children of China’s elite in violation of anti-bribery laws.
Jacob Frenkel, chairman of JPMorgan Chase International, who’s set to return to the Bank of Israel after leaving the job 13 years ago, will be an “outstanding” and successful governor, outgoing bank head Stanley Fischer said today.
The nomination of former Bank of Israel Governor Jacob Frenkel to his old job may have hit a bump following media reports he was briefly detained seven years ago leaving a Hong Kong shop with cologne he didn’t pay for.
The Federal Reserve should give more subtle guidance to financial markets rather than pin its policy decisions on unpredictable targets, which can send confusing signals if these fail to materialize as anticipated, said Jacob Frenkel, the chairman of JPMorgan Chase International.
JPMorgan Chase & Co. has resolved the last obstacles to a record $13 billion settlement of civil state and U.S. probes over the sale of mortgage bonds, clearing the way for a deal today after months of negotiations, two people briefed on the matter said.