'London Whale' Has a New Target: J.P. Morgan
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The U.S. case against two former J.P. Morgan traders charged with concealing billions in losses fell apart because a key witness known as the London Whale shifted blame to CEO James Dimon and other top executives.
Aetna Profit Rises on Better Pricing, Strategy
Aetna reported a stronger profit for its second quarter, boosted by limited medical spending and better-than-expected results from Affordable Care Act programs intended to reduce insurers' risk on health-law insurance plans.
SoFi Hints at IPO, Reports Record Results
Social Finance Inc. posted record earnings and loan volume in the second quarter, as the privately held company's chief executive hinted that it is moving closer to an initial public offering.
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Oil Trader Hall Is Closing His Astenbeck Hedge Fund
Famed oil trader Andrew Hall is shutting down his main hedge fund Astenbeck Capital Management. Mr. Hall confirmed the decision Thursday.
Square: Don't Overpay for Payments Hype
Payments company Square turned in a solid quarter, but its shares are just too expensive.
Fed Aims to Cut Back Requirements for Bank Directors
The Federal Reserve proposed scaling back the requirements it places on boards of directors at banks, its latest move to recalibrate regulations as it takes stock of rules adopted since the financial crisis.
NYSE on Track to Lose More ETF Listings
The NYSE, long the dominant listing venue for U.S. exchange-traded funds, is on track to lose ETF listings for a second straight year as competing exchanges vie for a larger slice of the fast-growing industry.
LSE Chief Backs Listing Rule Changes
The London Stock Exchange's top executive endorsed the right of the U.K. securities regulator to consider changing its rules for sovereign-owned companies, a move that could make it easier to woo the listing of oil giant Saudi Arabian Oil Co.
UniCredit's Profit Rises
Italy's largest bank by assets said the 3.2% increase in earnings was helped by higher fees and commissions, as well as lower provisions for bad loans.
Credit Agricole Net Profit Jumps
French lender Credit Agricole reported an unexpected jump in second-quarter net profit, boosted by lower costs and a strong retail banking business.
(END) Dow Jones Newswires
August 03, 2017 16:15 ET (20:15 GMT)