Finance News
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JPMorgan Chase & Co. suspended its daily stock repurchase program because the bank needs the money to meet international capital rules, not because of trading losses, Chief Executive Officer Jamie Dimon said.
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Barclays Plc, the U.K.’s second- largest bank by assets, will sell its entire $6.1 billion stake in BlackRock Inc. before the latest round of Basel rules stops it from counting the holding as capital.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the firm doesn’t see any scenario in which trading losses in its chief investment office would amount to a disaster.
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Nasdaq OMX Group Inc., under scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its first day of trading, blamed “poor design” in the software it uses for driving auctions in initial public offerings.
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