A round-up of the key stories across the specialist financial media, including how JPMorgan Chase has shown “modestly disappointing” results, as weak trading in its investment bank contributed to a 23 per cent year-on-year drop in fourth-quarter net income.
JPMorgan Chase launched Wall Street’s earnings season with what chief executive Jamie Dimon called “modestly disappointing” results, as weak trading in its investment bank contributed to a 23 per cent year-on-year drop in fourth-quarter net income.
Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking said.
António Horta-Osório, chief executive of Lloyds Banking Group, has waived his entitlement to a bonus for last year. The move comes a week after he returned to the state-backed bank from two months of medical leave.
RBS securities capitulation a blueprint for banks in Europe
Royal Bank of Scotland Group Plc’s decision to cut its European investment bank by more than a quarter may kick-start a wider shake-up among its rivals in the region as a fee drought and greater regulation force middle- ranking firms to shrink their operations.
Italy’s three-year debt costs fell below 5 percent but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months.
