NEW YORK (Reuters) – JPMorgan Chase & Co’s former general counsel Stephen Cutler wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon obtained by Reuters. Dimon said in the deposition…
By Kanishka Singh WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a Draxton facility in the Mexican city of Irapuato were being denied the rights to freedom of association and collective bargaining, the office of U.S. Trade Representative Katherine Tai said on Wednesday. Since the U.S.-Mexico-Canada agreement on trade,…
By Huw Jones LONDON (Reuters) -The European Commission will propose greater transparency in the trading of credit default swaps of eight top banks to mirror rules in U.S. markets, a European Union document seen by Reuters showed on Wednesday. So-called single name credit default swaps (CDS) have come under regulatory scrutiny after the fall and…
(Reuters) -Harvey Pitt, a former chairman of the U.S. Securities and Exchange Commission, died on Tuesday, according to a statement from the director of the SEC Historical Society shared with Reuters. Pitt, who was appointed to lead the SEC by President George W. Bush in 2001, oversaw the closure of financial markets in the wake…
By Karl Plume (Reuters) – A merger of U.S. grains merchant Bunge Ltd with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Glencore Plc-owned…
DUBLIN (Reuters) – Ireland’s High Court on Wednesday ordered the winding up of two sanctions-hit state-owned Russian leasing firms based in Ireland after a group of creditors said the companies had no prospect of clawing back an almost $1.6 billion net deficit. GTLK Europe DAC and GTLK Europe Capital DAC, whose main business is aircraft…
By Makiko Yamazaki TOKYO (Reuters) – Japan’s Daiwa Securities Group Inc aims to boost annual revenue from the M&A advisory business by 50% in eight years by hiring more bankers and acquiring boutique firms to try to expand its presence in the United States. The second-largest Japanese brokerage and investment bank is targeting global M&A…
By Devayani Sathyan BENGALURU (Reuters) – New Zealand house prices are forecast to drop further this year, pressured by higher interest rates, according to a Reuters poll of property analysts, who expect a 20% peak-to-trough correction, roughly similar to a survey taken three months ago. In one of the most unaffordable housing markets in the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that could compel the Federal Reserve to raise interest rates again in June. The Job Openings and Labor Turnover Survey, or JOLTS report, from the…
By Hyonhee Shin, Minwoo Park and Heekyong Yang SEOUL (Reuters) – Jeong Se-ah feels happy to see Tanaka, a Japanese bar host character from the early 2000s created by a South Korean comedian, because he revives her teenage memories of watching animations from the neighbouring nation. The 24-year-old office worker is one of a growing…