The tax would see 0.05% levied on each bank trade ranging from shares to foreign exchange and derivatives, creating a cash pile to be spent on measures to combat domestic and international poverty as well as fight climate change.
Not-for-profit Palm Oil Investigations is also working on a barcode scanning app to help consumers make sense of the 200 palm oil names and derivatives that make it on to supermarket shelves.
The derivatives debacle, initially dismissed by Dimon as a fuss about nothing, ended up costing the bank $6bn £3.6bnn).
And yet … I find I can follow the vagaries of credit derivatives and complex Wall Street investment strategies with much more ease than I can decipher the intricacies involved in pricing cable services.
The claim was made at the trial of Tom Hayes, 35, a dealer in Japanese yen derivatives at the Swiss bank UBS and then the US firm Citigroup, where the prosecution claim he earned £4.8m over a four-year period after attempting to rig Libor – the London interbank offered rate – on an almost daily basis.
Cowell has never been an standard-bearer for artistic genius – his recording successes revolve mostly around bubblegum boybands and cover-version soul divas, and his TV shows are rigidly formatted New Faces derivatives – but then again, no one ever went broke in the movie business by underestimating the audience.
Charlie Menegatos, senior trader at derivatives broker Accendo Markets said it was still to early to move back into 3i, and issued a sell rating on the shares until there were clearer signs of recovery.
The aim would be to impose a debt write-off significant enough to make future repayments manageable Yet while the world's policymakers have expended countless hours since the crisis of 2008 rewriting regulations on bonuses, mortgage lending, derivatives and too-big-to-fail banks, little attention has been paid to what should happen when a government is on the brink of financial meltdown.
Secondary material: news derivatives.
The company says that, even in the case of entangling products like derivatives, which helped to topple AIG, no other financial institution has an exposure to MetLife equivalent to even 1% of its equity.
A truly useful footnote would require a firm to disclose which derivatives it is using, and exactly which risks they are intended to hedge.Second, Mr Greenspan points out that America has virtually no hope of persuading other countries to adopt the FASB's proposed approach.
