The Daily Mail & General Trust, publisher of the U.K.’s Daily Mail and Mail on Sunday tabloids, will pay damages to Societe Generale SA after falsely saying the French bank was in dire financial difficulties.
Bloomberg's Betty Liu, Dominic Chu and Sheila Dharmarajan report on Gaby Adbelnour, JPMorgan's regional head for Asia, who is quitting after 6 years in the job.
Here's a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories currently doing the rounds.
Selling off shares in Royal Bank of Scotland at a loss will face fierce resistance, the Liberal Democrats and Labour warned on Monday, amid fresh speculation that talks are underway with a sovereign wealth fund in Abu Dhabi to buy a stake in the bailed-out bank.
Federal Reserve chairman Ben Bernanke has warned that the recovery in the job market remained fragile – but said he believed cyclical, not structural, problems were to blame.
In case you missed them, here's last week's top stories.
It's great to be back in the big time - especially if you've never really been away!
Kai Herbert, a Switzerland-based currency trader, has been busy suing JPMorgan for about $920,000 over an employment contract dispute. And the verdict's in.
'A little local difficulty' is probably how Corzine would describe it.
The best laid plans...........
A woman’s claims that she was assaulted by a former Goldman Sachs Managing Director are filled with inconsistencies that raise reasonable doubt about his guilt, a lawyer said at the end of a trial.
Barclays has been forced to set aside almost another £1bn as it braces for a fine for rigging foreign exchange markets and to pay more compensation for mis-selling payment protection insurance.
Plans by the Conservatives and Labour for a fresh round of deficit reduction after the general election are being strongly attacked by one of the world’s leading economists who warns that renewed austerity will hold back a still-incomplete recovery.