Chase site in Dallas ‘Uptown’ section up for sale: sources
(Reuters) – JPMorgan Chase & Co is selling a drive-through bank branch in a toney Dallas neighborhood in a deal that could fetch $15 million to $20 million, according to sources familiar with the sale.
Highest-paid U.S. CEOs are often fired or fined: study
NEW YORK (Reuters) – About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money, according to a study released …
Activision sets launch date for $2.5 billion credit
NEW YORK (Reuters) – Video game publisher Activision Blizzard is expected to launch September 4 its new $2.5 billion credit backing the company’s plan to spin itself off from Vivendi and buy back shares, loan investors told Thomson Reuters LPC.
Housing recovery loses a step as pending home sales fall
WASHINGTON (Reuters) – Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of America’s housing market recovery.
Russia potash row seen causing market tumult and a price drop
BEIJING/MUMBAI (Reuters) – The global potash market could suffer short-term turbulence as it faces a potentially large price drop because of an escalating dispute between major exporters Russia and Belarus over the collapse of their once-mighty cartel….
Tortuous extradition process awaits Spaniard in JPMorgan ‘Whale’ case
MADRID/LONDON (Reuters) – By getting arrested in his native Spain rather than his former London workplace, ex-JPMorgan Chase trader Javier Martin-Artajo has gained time in his struggle to avoid being extradited to New York over a $6.2 billion trading s…
U.S. proposes relaxed ‘skin in the game’ mortgage rules
WASHINGTON (Reuters) – Six U.S. regulatory agencies released a reworked proposal on Wednesday that requires lenders maintain a stake in the loans they bundle and sell as securities, part of efforts to limit the type of underwriting practices which fuel…
Lira, rupee at forefront as Syria tension pounds emerging assets
LONDON (Reuters) – Emerging stocks, bonds and currencies took another hammering on Wednesday as mounting expectations of Western action against Syria pushed up oil prices and drove investors to seek shelter in dollar assets.
Bank of England’s Carney says rates pressure might trigger more stimulus
NOTTINGHAM, England (Reuters) – The Bank of England may provide more stimulus for Britain’s economy if financial markets get ahead of themselves and threaten to choke off its recovery, its governor said on Wednesday.
JPMorgan may settle U.S., UK ‘Whale’ probes for $600 million: source
NEW YORK (Reuters) – JPMorgan Chase & Co is in talks with a group of regulators, including U.S. prosecutors, to settle probes of the bank’s “London Whale” trading losses last year for about $600 million, according to a person familiar with the talks.
