Search Results for: JP Morgan
Citi dials down risky block trading amid market turmoil
October 13th, 2015
Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank’s capital markets group. Phil Drury and Doug Adams, then co-heads ...
Ferrari Said to Push for $12.4 Billion Valuation in IPO
October 9th, 2015
IPO price range said set to be published as soon as Friday Supercar maker plans to increase deliveries by 25 percent Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value ...
Asian shares firm on resurgent oil, Nikkei falls on BOJ
October 7th, 2015
Asian stocks hit a seven-week high on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Tokyo shares fell after the Bank of Japan stood pat on policy. MSCI’s broadest ...
European stocks rise despite China fears, Volkswagen up 4%
September 23rd, 2015
European stocks were trading higher on Wednesday in what has been a choppy morning of trade amid renewed fears over the health of the Chinese economy and continued fallout from the Volkswagen emissions scandal. The pan-European STOXX 600 was up was ...
Asian shares edge up, dollar soft as Fed stands pat and eyes China
September 18th, 2015
Asian shares rose modestly on Friday on relief the Federal Reserve held off on raising interest rates but gains were capped by renewed concerns about the health of the global economy, in particular China. The dollar was on the ...
RBS in 84.4 million pound mortgage securities deal with U.S. regulator
September 16th, 2015
Royal Bank of Scotland Group PLC has agreed to pay 88.4 million pounds to resolve claims by a U.S. regulator that it sold toxic mortgage-backed securities to now-failed credit unions, according to a court filing on Tuesday. The National ...
UBS Diverts $5 Billion of Asia Deposits to Curb Basel III Costs
September 4th, 2015
UBS Group AG has shifted more than $5 billion of riskier Asia-Pacific deposits into alternative cash investments as new rules raise the cost of holding them. The world’s largest manager of millionaires’ money has helped some clients such as ...
U.S. Currency Probe Expands to Russia, Brazil Trades
September 1st, 2015
U.S. prosecutors have expanded their probe of currency-market manipulation by some of the world’s largest banks to include the Russian ruble and Brazilian real, according to two people familiar with the matter. The Justice Department is using cooperation agreements ...
Japan reports inflation, household spending soften in July
August 28th, 2015
The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan’s. Japan released data Friday ...
Banks fine tally since crisis hits $US260bn
August 24th, 2015
The wave of fines and lawsuits that has swept through the financial industry since the 2007-08 crisis has cost big banks $US260 billion, new research from Morgan Stanley shows. The analysis, which covers the five largest banks in the ...
