More than a year after the nation’s five largest mortgage servicers signed a $26 billion legal settlement, those same servicers still need to do better, according to a new report.» Read More
*Irene Tse ran North America side of CIO office. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.
on Monday sold $850 million of senior unsecured notes, market sources said. Bank of America Merrill Lynch, Citigroup, J.P. Morgan and Morgan Stanley were the joint active bookrunning managers for the sale.
NEW YORK, Oct 1- UBS AG on Monday lost a bid to suspend a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.
The Institute for Supply Management, a trade group of purchasing managers, also said its gauge of manufacturing employment rose following a decline in August.
Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on "entrepreneurial ventures," according to a memo on Monday from Chief Operating Officer Matt Zames, a copy of which was obtained by Reuters.
Citigroup was second with $32.6 billion in 348 deals and J.P. Morgan Securities was third with $30.7 billion in 265 deals. The New York State Dormitory Authority was the top issuer of debt as of the end of the third quarter, selling $5.5 billion in 31 deals, Thomson Reuters reported.
Oct 1- Weingarten Realty Investors. Monday sold $300 million of senior notes, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, J.P. Morgan and Wells Fargo were the joint bookrunning managers for the sale.
*Irene Tse ran North America unit of troubled unit. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.
NEW YORK, Oct 1- U.S. manufacturing unexpectedly grew last month for the first time since May but euro zone factories suffered their worst quarter since early 2009 and China lost steam, suggesting the global economy faces hurdles as it tries to outrun recession.
Six major American banks were hit in a wave of computer attacks last week, by a group claiming Middle Eastern ties, that caused Internet blackouts and delays in online banking, the New York Times reports.
LONDON, Oct 1- The downturn of the world's manufacturing sector eased slightly in Septmeber as output and new orders declined at a slower pace, a business survey showed on Monday.
Sept 4- Following are details of the JPMorgan Global Purchasing Managers' Index for September. PMI Output Orders Jobs Deliv Stocks Inp New Prcs export Aug 48.1 47.4 46.7 49.5 50.6 48.9 49.5 46.5 Sept 48.9 48.1 48.1 50.7 50.0 48.3 52.7 47.1.
He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.
The Dow Jones industrial average rose 118 points to 13,554 as of 1 p.m. Eastern. Stocks had already been up in morning trading, but the gains accelerated after the report was released by the Institute for Supply Management, a trade group of purchasing managers. All 10 industry groups in the S&P 500 rose.
October 1- Following are terms and conditions. of a bond increased on Monday.
*Possible 1 bln euro earnings hit- Mediobanca analysts* Deal to be completed by year-end. PARIS/ ATHENS, Oct 1- Credit Agricole announced plans on Monday to pay Alpha Bank 550 million euros to take Greek lender Emporiki off its hands, on top of billions it already injected into the subsidiary during the country's slide into economic depression.
*India may amend controversial tax rules. MUMBAI, Oct 1- Indian shares rose on Monday to their highest close since July 2011 as construction and other infrastructure-related stocks such as IVRCL rose on expectations the government would continue to promote projects in the sector.
BACIT founder Tom Henderson, formerly of Cazenove, said: "For many years I have wanted to combine my background in fund management with supporting the incredible work of the Institute of Cancer Research." The fund is backed by City financiers such as private equity veteran Jon Moulton, the founder of Alchemy Partners, who sits on the BACIT board.
LONDON, Sept 30- The darkest hour is just before dawn, the old saying goes.
LONDON, Oct 1- German stock market group Deutsche Boerse expects up to 10 more corporate bond issues before the end of the year as clients seek alternatives to raising capital via a listing. German insurer Talanx is scheduled to float its shares on Deutsche Boerse on Tuesday, having covered its books last month.