Company News




Co-op Group to lose overall control of Co-op Bank

The head of the Co-op Group has confirmed that the mutual organisation will lose overall control of the Co-op Bank as a result of a rescue deal. . .

http://www.bbc.co.uk/news/business-24609998#



ECB’s quarterly survey on qualitative survey on credit terms and conditions published

The European Central Bank is today publishing a report on the results of the September 2013 qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD). The survey is conducted four times a year, covering changes in credit terms and conditions over the three-month reference periods ending in February, May, August and November . . .

http://www.ecb.europa.eu/press/pr/date/2013/html/pr131014_1.en.html



JPMorgan sees some ugly firsts with earnings

JPMorgan’s third-quarter earnings saw a lot of firsts for the bank, including, for the first time in eight years, that the bank posted a loss. . .

http://hereisthecity.com/2013/10/12/jpmorgan-sees-some-ugly-firsts-with-earnings/



Deutsche Bank’s Jain Says FX Allegations Eroding Trust

Deutsche Bank AG (DBK) Co-Chief Executive Anshu Jain, whose company is the world’s biggest trader of currencies, said allegations that traders rigged those markets have further eroded trust in the financial industry.  . .

http://www.bloomberg.com/news/2013-10-12/deutsche-bank-s-jain-says-fx-allegations-eroding-trust.html