BA cancels flights from London's Heathrow, Gatwick after IT outage
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
Oct 8 JPMorgan Chase & Co is looking to cut back on lending to businesses it sees as posing risks to its reputation amid a period of heightened regulatory scrutiny, the Wall Street Journal reported, citing people close to the situation.
The biggest U.S. bank has launched an internal review of its commercial-lending clients that could result in the elimination of relationships with companies such as pawn shops, payday lenders, check cashers and some car dealerships, the business daily said.
The process could cut hundreds of millions of dollars from the bank's annual revenue, the Journal quoted one of the people as saying. ()
A JPMorgan spokesman could not be immediately reached for comment outside regular U.S. business hours.
The move comes at a time when big banks are under pressure to improve anti-money laundering controls and authorities in New York have sought to rein in payday lenders.
JPMorgan is also in talks with government officials to settle federal and state mortgage probes for $11 billion.
In other moves aimed at reducing complexity and risks in its business, JPMorgan has recently pulled away from student lending and decided to exit its physical commodities business.
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.
May 26 Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc's restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose sales had just started recovering from a string of food safety lapses in 2015.