Friday newspaper round-up: Mervyn King, Bank of Japan, JPMorgan...

B.C. | ShareCast | 15 Mar, 2013 06:52 - Updated: 07:52 | | |

Mervyn King

Sir Mervyn King, the Governor of the Bank of England, has said that the recovery in Britain is 'in sight' and that there has been 'good progress' made towards a new, sustainable economy, according to The Telegraph.

The Financial Times says that the Japanese parliament has approved the nominations for the top three jobs at the Bank of Japan, appointing Haruhiko Kuroda as Governor. The move "usher[s] in a new era of more aggressive monetary easing in the world's third-largest economy", the paper writes.

The Times reports that Jamie Dimon, the frontman of US banking giant JPMorgan Chase, allegedly lied to the US government and tried to hide trading losses from regulators. The paper says that the Senate Investigation Committee's report into the "London Whale" losses places much of the blame on the Chief Executive, as the company "dodged federal regulators and misled the public by hiding losses, by mismarking credit derivatives’ values".

Anschutz Entertainment Group, the owner of the O2 Arena in London, has pulled the venue off the market after receiving offers more than $1.0bn less than it expected, according to The Times.

The European Central Bank (ECB) needs 800 additional staff, raising its current workforce by more than half, to fulfil its new position as the supervisor of 6,000 banks in the Eurozone, writes The Telegraph.

HMRC is looking to shut down all 281 of its enquiry centres, replacing them with one-to-one tax advisory services, in an attempt to save £13m per annum, reports The Independent.. The move could put 1,300 jobs at risk.

BC

More news

20 Oct Actavis to compete with Sanofi in Omega Pharma deal

Actavis Plc is among the bidders for Omega Pharma NV as the US-based drugmaker continues to look for more acquisitions.

20 Oct FTSE 100 movers: Tesco rises on reports profit mis-guidance was limited

Travel stocks were putting in a decent performance on Monday, following recent volatile trading amid the growing Ebola crisis.

20 Oct Apple Q3 results soar past estimates after strong iPhone sales

Apple Inc. said its quarterly profit rose 13%, as sluggish iPad sales were offset by strong demand for its new larger-screen iPhones.

20 Oct Texas Instruments trounces forecasts, shares rise 4%

20 Oct Apple forecasts Q1 sales between $63.5bn to $66.5bn, exceeding analysts' forecast

20 Oct Treasury Committee welcomes BoE's decision to appoint reviewer following RTGS issue

Andrew Tyrie, the chairman of the Treasury Committee, has written to the Mark Carney, the Bank of England (BoE) governor in response to a Real Time Gross Settlement (RTGS) payment system issue the bank suffered on Monday.

20 Oct US close: Markets move higher, but IBM weighs on Dow

US stocks moved higher on Monday after a relatively slow start, as investors were set to focus on companies’ earnings, including Apple's, due after the close of trading.

20 Oct Apple rises 0.24% after closing bell, ahead of conference call at 22:00

20 Oct Chipotle Q3 revenue rises to $1.08bn from $826.9m in Q2

20 Oct Facebook sues law firms over dispute related to company's ownership

On Monday, Facebook sued four separate law firms over their involvement in a case challenging Mark Zuckerberg's ownership of the social media giant.

Advertising

HIGHLIGHTS

Ebola latest: IMF downgrades forecast for sub-Saharan Africa

Welcome to our rolling coverage of the Ebola crisis.

VIDEOS

EUR/USD: continues its clearly bearish trend
REGISTER NOW!