- Reuters•3 hours ago
Veteran Italian banker Corrado Passera is presenting to the board of Monte dei Paschi an alternative rescue plan which is backed by some U.S. private equity funds and sponsored by Swiss bank UBS, a source close to the matter said. The board of the Tuscan bank met on Friday to approve first-half results and a rescue plan that envisages a 5 billion euro ($5.6 billion) share issue as well as a 10 billion euro sale of loans the bank granted to borrowers now deemed insolvent. In a surprise statement on Thursday night, Monte dei Paschi said it had received two letters from UBS and former Italian Industry Minister Corrado Passera, without disclosing details about their content.
- Bloomberg•3 hours ago
In an annual letter to shareholders last year, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned in bold print that “Silicon Valley is coming” for the financial industry. This year, his tone ...
JPMorgan Chase & Co.NYSE
Pre-Market: 64.110.01 (0.02%) as of 8:00 AM EDT
|Bid||64.06 x 100|
|Ask||64.39 x 100|
|52wk Range||50.07 - 69.42|
|Day's Range||63.72 - 64.18|
|Avg Vol (3m)||15,328,990|
As of 4:00 PM EDT. Market closed.