JPMorgan in tentative $13 billion deal with U.S. Justice Department: source
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co has reached a tentative $13 billion deal with the U.S. Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source familiar with the talks said on Saturday.
JPMorgan in tentative $13 billion deal with U.S. Justice Department: source
WASHINGTON (Reuters) – JPMorgan Chase & Co has reached a tentative $13 billion agreement with the U.S. Justice Department to settle government agency investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source said on Saturday.
Draghi asked EU to keep state aid rules for banks flexible
MILAN (Reuters) – Banks that are still viable but need state aid to boost their capital base should be allowed to receive help without inflicting losses on their junior bondholders, European Central Bank President Mario Draghi told the European Commiss…
UK’s Royal Mail valued higher than sale price: FT report
LONDON (Reuters) – Britain’s Royal Mail was valued by some investment banks 50 percent higher than last week’s public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply.
Bundesbank head warns Merkel on increased state spending: report
BERLIN (Reuters) – The head of the German Bundesbank has told Chancellor Angela Merkel to keep a tight grip on government spending in coalition talks with the center-left Social Democrats (SPD) next week, in which she faces pressure to boost investment…
GM has restarted production of Tavera vehicles in India
MUMBAI (Reuters) – General Motors Co has restarted the production of its Tavera sport-utility vehicles in India after receiving regulatory approvals, a company executive said on Saturday.
Haunted house business gets boost as techs up thrill ante
PHILADELPHIA (Reuters) – Ed Terebus was an 18-year-old high school student when he and his big brother Jim, a laid-off auto worker, decided to build their first haunted house 34 years ago.
India’s UltraTech Cement second-quarter profit halves on subdued demand
MUMBAI (Reuters) – UltraTech Cement Ltd , India’s largest cement maker, reported a 52 percent fall in net profit for the July-September quarter, the biggest drop since 2010, after it was hit by a slowdown in homebuilding and infrastructure projects.
Bulgari CEO sees 2014 Swiss watch exports grow 5-10 percent: paper
ZURICH (Reuters) – Growth of Swiss watch exports could accelerate to 5-10 percent next year, Jean-Christophe Babin, new chief executive of Italian jewelry and watch brand Bulgari , was quoted as saying on Saturday.
UK’s Osborne says actively considering RBS “bad bank”: paper
LONDON (Reuters) – British finance minister George Osborne said his ministry was actively looking at breaking up the state-backed Royal Bank of Scotland to create a “bad bank” to house its problem loans, the Daily Telegraph newspaper reported on Friday…
