Fri, May 25, 2012
JPMorgan board to shake up risk committee: WSJ
(Reuters) - The board of JPMorgan Chase & Co
The board is expected to add either Timothy Flynn or James Bell to the committee, the Journal said. Flynn and Bell have backgrounds in risk and finance, the report said.
It was not clear whether any of the current members of the committee would leave it, the Journal said.
A JPMorgan spokesman declined to comment on the report.
(Reporting by Lewis Krauskopf; Editing by Gary Hill)
Fri, May 25, 2012
Minute by minute, Nasdaq chaos engulfed Facebook IPO
By Rodrigo Campos and John McCrank
(Reuters) - Dead silence.
For nearly 20 minutes on the morning of Facebook Inc's
Fri, May 25, 2012
NASDAQ OMX board elects interim chairman
NEW YORK (Reuters) - Nasdaq OMX said on Friday its board of directors elected Börje Ekholm to serve as the interim chairman of the exchange ...
Fri, May 25, 2012
NASDAQ OMX board elects interim chairman
NEW YORK (Reuters) - Nasdaq OMX
Fri, May 25, 2012
EU says China, U.S., Japan also have economic work to do
By Barbara Lewis
BRUSSELS (Reuters) - The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as ...
Fri, May 25, 2012
U.S. Postal Service offers buyouts to 45,000 workers
By Emily Stephenson
(Reuters) - The cash-strapped U.S. Postal Service will offer buyouts this summer to nearly all of its 45,000 mail handlers ...
Fri, May 25, 2012
Exclusive: Merrill misstep may hurt battle vs. broker claims
By Joseph A. Giannone and Suzanne Barlyn
NEW YORK (Reuters) - Merrill Lynch's battle to void a $10 million arbitration ruling suffered a setback ...
Fri, May 25, 2012
Court OKs JPMorgan fee pact; Capital One talks fail
(Reuters) - JPMorgan Chase & Co
The settlement would resolve lawsuits brought on behalf of more than 1 million people over the fees, which are assessed when customers overdraw their checking accounts by using their debit cards.
Consumers accused more than 30 lenders of trying to boost overdraft fees, which are typically $25 to $35, by reordering transactions from largest to smallest rather than processing them in chronological order.
This can cause fees to be incurred sooner and more often because account balances fall more quickly.
Roughly one-third of the lenders have settled. Several others have agreed to mediation.
On Friday, lawyers for Capital One Financial Corp
In a order dated Thursday, U.S. District Judge James Lawrence King in Miami, who oversees the nationwide litigation, called the JPMorgan settlement fair, reasonable and adequate, and certified a class of plaintiffs.
Customers may opt out of the settlement. A final hearing is scheduled for December 10.
Bank of America Corp's
Other banks to settle include Royal Bank of Scotland Group Plc's
The Citizens and TD accords await court approval.
The case is In re: Checking Account Overdraft Litigation, U.S. District Court, Southern District of Florida, No. 09-md-02036.
(Reporting by Jonathan Stempel in Toronto; Editing by Lisa Von Ahn, Gary Hill)
Fri, May 25, 2012
GM says ad agency work tied to CFO's wife
DETROIT (Reuters) - General Motors Co
Fri, May 25, 2012
Ex-General Re, AIG execs may settle criminal case
By Jonathan Stempel
(Reuters) - Four former executives at Berkshire Hathaway Inc's
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