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JPMorgan agrees to pay $995m to resolve Ambac claims

Jamie Dimon

JPMorgan agreed to pay $995m to resolve claims by Ambac Financial Group that it was duped into insuring mortgage bonds backed by shoddy loans, paving the way for approval of a much larger settlement between the bank and institutional investors stemming from the global financial crisis.



Europe Map

Europe venture capital start-up funding plunges 27% over Brexit jitters

European venture capital (VC) funds raised a record amount of money in the first half of 2016, but the amount of capital being invested in technology start-ups in the region has plummeted, with deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, new data on Thursday showed.