Street News: JPM Stock Claw Back, Spain Austerity

July 11 (Bloomberg) -- Bloomberg's Alix Steel reports on today's top news including JPMorgan plans to claw back stock from executives involved in trading losses, Spain will raise taxes and cut spending as part of its austerity package, Peregrine Financial files to liquidate in bankruptcy after CFTC lawsuit and China opens doors to hedge funds. She speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)