PRESS DIGEST- Financial Times - Sept 17
Sept 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
JPMORGAN IN TALKS TO PAY $800 MLN 'WHALE' FINE
BARCLAYS CONTESTS 50 MLN STG FINE FOR BREACH OF LISTING RULES
VODAFONE HEADS TOWARDS FIGHT WITH FUNDS OVER GERMAN CABLE BUYOUT
REGULATOR TO PROBE PWC'S AUDIT OF HOUSEBUILDER BERKELEY
OUSTED EIVIND KOLDING'S TROUBLED TIME AT DENMARK'S DANSKE BANK
JPMorgan Chase is in talks with securities and bank regulators to settle investigations into its $6 billion London Whale trading loss, expecting to pay about $800 million, people familiar with the matter said.
Barclays said it was contesting a British watchdog's 50 million pound ($79.68 million) fine for behaving "recklessly" when it failed to disclose 322 million pounds worth payments to Qatari investors during its emergency cash call in 2008.
Britain's Vodafone is about to go face-to-face with hedge funds over the mobile network's buyout of minority investors in Kabel Deutschland, having only narrowly secured the approval from three-quarters of shareholders needed for the 7.7 billion euro ($10.28 billion) deal.
Britain's accounting watchdog has launched a probe into whether PriceWaterhouseCoopers was acting independently when it audited the books of housebuilder Berkeley Group last year.
Danske Bank ousted Eivind Kolding after his 18-month stint as the chief executive of Denmark's biggest bank - his tenure there saw a fierce clash with the Danish regulator, a marketing campaign that ended in a public apology, and the loss of tens of thousands of customers.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- 'Duck Dynasty' anti-gay fallout sparks debate on religion, tolerance
- Zuckerberg to sell Facebook shares worth about $2.3 billion |