Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.» Read More
Eric Schneiderman, the New York attorney general, has made it abundantly clear that the lawsuit he filed against JPMorgan Chase over mortgage-backed securities issued by Bear Stearns is just the beginning.
The boards of both companies voted on Wednesday to approve the deal, which will see Deutsche Telekom hold 74 percent and MetroPCS 26 percent in the combined entity.
The latest expansion in global output was heavily reliant on the United States, where economic activity rose at the fastest pace since March, JPMorgan said. Britain, Brazil, Russia and Ireland also saw output increase. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, revealed the details of its initial public offering both in Moscow and London in a deal seen as a test for equity raising by other domestic banks.
Following are details of the JPMorgan Global Purchasing All-Industry Output Index for September. GLOBAL SERVICES PMI PMI Jobs Orders Inp Prc Backlogs Aug 52.0 51.4 50.8 58.3 49.0 Sept 54.0 49.6 52.8 59.7 47.1 GLOBAL COMPOSITE PMI PMI Orders Jobs Inp Prc Aug 50.9 49.8 50.9 56.2 Sept 52.5 51.6 49.9 58.0.
The private jet industry is rapidly reinventing itself to adapt to falling demand among the super wealthy, bringing the price of flying private to record lows.
Oct 3- Vanguard Natural Resources LLC. Tuesday added $200 million of senior notes to an existing issue, said IFR, a Thomson Reuters service. RBS, Citigroup, Credit Agricole, Deutsche Bank, RBS, Wells Fargo, J.P. Morgan and UBS were the joint bookrunning managers for the sale.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
HONG KONG, Oct 3- Swire Properties Ltd's. John Swire& Sons is offering 217 million shares in Swire Properties, which was spun off from Swire Pacific Ltd in January, at a range of HK $22.51- HK $23.23, added IFR, a Thomson Reuters publication.
*China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.
HONG KONG, Oct 3- The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at firstname.lastname@example.org or 2843-1608 to submit entries for this diary. JPMorgan, UBS---------------------------------------------------------------- Dec Mando China N/A N/A Deutsche Bank, 200 2012 Holdings.
Wall Street has taken a beating this election season. Yet what is considered to be Wall Street may be surprising. The NYT reports.
*China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed and most riskier assets fell on Wednesday as data from China and Australia added to gloom about the global economic outlook, which already was deepened by uncertainty about the timing of Spain's request for a bailout.
TRANCHE 1 AMT $500 MLN COUPON 0.8 PCT MATURITY 10/01/2015 TYPE NTS ISS PRICE 99.827 FIRST PAY 04/01/2013 MOODY'S Baa1 YIELD 0.859 PCT SETTLEMENT 10/10/2012 S&P BBB-PLUS SPREAD 55 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 10 BPS.
In the past two weeks, customers of top U.S. banks including Bank of America Corp, JPMorgan Chase& Co, Wells Fargo& Co, U.S. Bancorp and PNC Financial Services have reported having trouble accessing their websites, as unusually high traffic volumes appeared to crash or slow down the systems.
Stocks finished mixed in volatile trading Tuesday, but uncertainty over the timing of Spain's bailout request and ongoing fears over the slowing global economy put a lid on gains.
The multi-billion dollar fraud lawsuit against JPMorgan Chase for alleged misconduct at Bear Stearns may be just the beginning in a wave of cases brought against financial firms for their practices before the financial crisis, New York State Attorney General Eric Schneiderman told CNBCs Power Lunch on Tuesday. hr<!-- -->
WASHINGTON, Oct 2- Firms responsible for the 2008 financial crisis will face more government lawsuits, federal and state officials said on Tuesday, a day after New York state sued JPMorgan Chase& Co for fraud over mortgage-backed securities packaged and sold by Bear Stearns.
In the face of "constant hostility" including lawsuits and a general lack of interest in promoting the industry, banks ought to leave New York and head for friendlier terrain, analyst Dick Bove said.
*New York sues JPMorgan over Bear Stearns mortgage products. *PetSmart to replace Sunoco in the S&P 500 index. If Madrid were to seek a rescue, it would trigger European Central Bank buying of its bonds and help to ease U.S. investors' nervousness about the euro zone's impact on the U.S. economy.