BMW says tensions with Chinese dealers an industry-wide issue
MUNICH (Reuters) – Demands for compensation from Chinese car dealers hit by a market slowdown have become an industry-wide issue, BMW’s board member for sales said on Friday, adding relations were not simply about “holding hands and walking into the su…
U.S. seems stuck with slow wage growth despite strong jobs data
WASHINGTON (Reuters) – The U.S. economy added the largest number of jobs in 15 years in 2014, yet a surprising five-cent drop in average hourly earnings in December raises questions over whether a tightening labor market will ever translate into more m…
JPMorgan to pay $500 million in Bear Stearns mortgage settlement: source
NEW YORK (Reuters) – JPMorgan Chase & Co has agreed in principle to settle class action litigation arising from Bear Stearns’ sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises.
Hacker demands money from Swiss bank BCGE
ZURICH/GENEVA (Reuters) – A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve, or BCGE, used social media on Friday to threaten to leak confidential data on the Swiss bank’s clients if its demands for payment weren’t met.
ECB’s Hansson says full-scale QE before Greek elections ‘problematic’: Bloomberg
FRANKFURT (Reuters) – European Central Bank Governing Council member Ardo Hansson said he would find it “problematic” to announce large-scale purchases of government bonds this month that included Greek debt.
Santander eyes UK, U.S. growth after $8.8 billion cash call
MADRID/LONDON (Reuters) – Santander chief Ana Botin is expected to target Britain, the United States and its Spanish home market under her plan to accelerate growth at the bank after raising 7.5 billion euros ($8.8 billion) via Europe’s biggest-ever ra…
ECB looking at risk-sharing mix for QE plan: sources
FRANKFURT (Reuters) – The European Central Bank is considering a hybrid approach to government bond purchases which would combine the ECB buying debt with risk sharing across the euro zone and, in a nod to German qualms, separate purchases by national …
Monte dei Paschi says ECB asking for 14.3 percent core capital level
MILAN/ROME (Reuters) – The European Central Bank (ECB) has asked Monte dei Paschi di Siena to raise its core capital level to 14.3 percent as it sets new, tougher requirements for riskier lenders to bolster their financial strength.
Traders see Fed starting to raising rates in September
(Reuters) – U.S. short-term interest-rate futures contracts rose Friday after a government report showed U.S. employers added more jobs than expected last month, but wage growth lagged.
Futures dip after two-day run, ahead of payrolls
NEW YORK (Reuters) – U.S. stock index futures were lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and ahead of a key report on the labor market.
