Company News



Former JPMorgan ‘Whale’ supervisor opposes U.S. extradition

Published on: Monday, November 18, 2013 by Paul Stanbridge

A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain. . .

http://www.reuters.com/article/2013/11/15/us-jpmorgan-whale-spain-idUSBRE9AE0D820131115?feedType=RSS&feedName=businessNews



Directors’ pay jumps 14% in year thanks to share incentives

Published on: Monday, November 18, 2013 by Paul Stanbridge

Total pay for the directors of the UK’s top businesses rose 14% over the past year driven by a huge jump in share-based long term incentive payments, a pay research company has found. . .

http://www.bbc.co.uk/news/business-24983178#



Lloyds sells Scottish Widows Investment in £660m deal

Published on: Monday, November 18, 2013 by Paul Stanbridge

Lloyds Banking Group has sold Scottish Widows Investment Partnership (SWIP) to fund manager Aberdeen Asset Management in a £660m deal. . .

http://www.bbc.co.uk/news/business-24983186#



JP Morgan agrees $4.5bn mortgage settlement

Published on: Monday, November 18, 2013 by Paul Stanbridge

US investment bank JP Morgan has agreed to pay $4.5bn (£2.8bn) to investors who  lost money on mortgage-related securities during the financial crisis. . .

http://www.bbc.co.uk/news/business-24967010#



Barclays and Deutsche Bank lose bid to halt LIBOR suits

Published on: Tuesday, November 12, 2013 by Paul Stanbridge

Deutsche Bank AG and Barclays Plc (BARC) lost a court bid to stop companies from linking claims about the manipulation of benchmark rates to lawsuits initially filed over improper sales of interest-rate hedging products. . . .

http://www.bloomberg.com/news/2013-11-08/barclays-deutsche-bank-lose-bid-to-block-u-k-libor-lawsuits.html