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JPMorgan Chase and Co

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  • NEW YORK— A 79- year-old former New York accounting firm executive who did work for some of Bernard Madoff's most important clients has earned leniency at sentencing because his cooperation provided new insights into history's largest financial fraud, prosecutors said. In a filing late Thursday in Manhattan federal court, prosecutors wrote Paul...

  • LONDON, July 3- If a' No' in Sunday's referendum eventually takes Greece out of Europe's single currency, any "new drachma" or temporary payment unit could be worth as little as a fifth of the euro now in circulation. In the absence of a flow of new euros from the European Central Bank after a "Grexit", Athens' existing stock of hard currency is not expected to be enough to...

  • LONDON, July 3- Global business growth was at its weakest since the start of the year in June as firms hiked prices at the fastest rate in nine months, a survey showed on Friday. JPMorgan's Global All-Industry Output Index, produced with Markit, fell to a five-month low of 53.1 in June from May's 53.6. The global PMI combines survey data from countries including the...

  • WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...

  • SAO PAULO, July 3- Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions.

  • LONDON, July 3- Europe's vast service industry expanded faster than initially thought last month, surveys showed on Friday, speeding ahead despite warning signs that Greece might crash out of the euro zone. "While the economic situation is actually progressing and seems to be fairly stable you can't help thinking that there could be a significant reversal in...

  • Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions. The banks named in the Cade probe are Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Plc, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase& Co, Morgan Stanley& Co, Nomura Holdings Inc,...

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment...

  • Government Accountability Office identified the issue as one of several that banking regulators need to address as cyber security threats become more prevalent and sophisticated. For example, the names, addresses, phone numbers and email addresses of some 83 million household and small business account holders were exposed last year when computer...

  • LONDON, July 2- In all the huff and puff over Greece in the past month, a number of major banks and investors have decided the main driving force behind the dollar's 18- month surge against the euro is evaporating. But with some money market interest rates implying a full percentage point increase in official U.S. rates by the start of 2017 and the European Central...

  • SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...

  • LONDON, July 2- International investors, dismayed by Nigeria's decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa's biggest economy. "It will take a combination of weaker currency and higher interest rates to get us back to Nigeria," said Kieran Curtis, a bond fund...

  • *Indirect spillover from bonds in focus. LONDON, July 2- Europe's stock market has shown few signs of panic ahead of a referendum this weekend that may decide Greece's future in Europe. While Greece does not loom large on Europe's corporate radar in terms of direct exposure, any post-vote indirect spillover from credit markets is expected to knock banks via their...

  • LONDON, July 2- German utility stocks rose sharply on Thursday after plans for a coal levy were scrapped, outperforming a flat showing on other benchmark European equity indexes that remained dogged by concerns over Greece. The pan-European FTSEurofirst 300 index was also flat while the euro zone's blue-chip Euro STOXX 50 index slipped 0.1 percent.

  • LONDON, July 2- European shares made little headway on Thursday, as uncertainty over Greece's debt crisis pegged back the region's stock markets, while Sweden's Electrolux slumped after a U.S. legal challenge to a deal. Electrolux, which owns the Frigidaire, Kenmore and Tappan brands, fell around 10 percent after the United States filed a lawsuit to prevent it...

  • European shares in limbo on Greece, U.S. data Thursday, 2 Jul 2015 | 4:31 AM ET

    LONDON, July 2- European stock markets opened slightly higher on Thursday, though the mood was one of caution with Greece just days away from a referendum that may decide its future in Europe and traders awaiting U.S. data. Defiant Greek Prime Minister Alexis Tsipras urged his country to reject an international bailout deal on Sunday, amid a worsening crisis...

  • NEW YORK, July 1 (Reuters)- U.S. commodities brokerages- a key focus of reforms designed to make the financial system safer- are increasingly struggling to eke out a profit, spurring many firms to think about leaving the business, or trying to boost commissions. The vanishing FCMs are one way the futures trading business is changing in the United States.

  • JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with private data vendor Markit, slipped to 51.0 in June from 51.3 in May, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of...

  • Global factory growth eases on weak Asia, Europe -PMI Wednesday, 1 Jul 2015 | 11:17 AM ET

    JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with Markit, nudged down to 51.0 in June, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of 2013," said David Hensley, a...

  • July 1- Medical device supplier Patterson Companies Inc said it would sell its business that makes products that assist in a patient's recovery to private equity firm Madison Dearborn Partners for $715 million. Reuters reported in April that the company had hired Bank of America to help sell the business in a deal that could fetch $500 million to $600 million.