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U.S. Morning Call: Losses at JPM expected to be $6-7 bln

Wednesday, June 27, 2012 - 02:28

June 28 - JPMorgan's Jamie Dimon faces more scrutiny after a NYT report says the bank's trading loss could hit $9 billion.

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Another -- I'd been in trouble and another Madoff likely headed to prison here's your morning call this Thursday. Bob Diamond skipping his bonus after the bank find nearly half -- billion dollars sports role in a lot or pro. Now JPMorgan's Jamie -- and facing more scrutiny after a report that the the firm's two billion dollar trading loss could hit not billion. The New York Times citing a source through reviews an internal report on the potential size of lost its shares down about 5% and the premarket. And Citigroup cutting its quarterly profit estimates for JPMorgan in part because about law. News Corp. headed for a split the source telling Reuters the media giant. Has approved a plan to -- itself into a publishing business containing titles like the Wall Street Journal. And it media and entertainment -- containing its. Fox properties details on the management structure haven't been decided and the board's still have to give it an official thumbs up News Corp. shares getting a left after reports of the plan first surfaced earlier this week. Investors viewing News Corp. favorably but not markets overall right now Dow NASDAQ S&P 500 stock index futures down again about a quarter percent each of focus now on Europe leaders meet for a summit. Though it will switch to the Supreme Court ruling on health care expected around and stocks in Europe -- across the board with little progress expected on the debt. The NASDAQ expected to file its plant next week with the SEC for compensating market makers. Who lost money during that -- FaceBook IPO as source telling Reuters that may also blames some of the losses on technical problems. At one of those market makers that NASDAQ and -- he's been working together to make in the late which of the proposals acceptable. According to another source apps for FaceBook it down slightly in the premarket -- thirty dollars. And Ernie else brother Peter may follow in his footsteps. Of former chief compliance officer Madoff securities expected. Guilty to charges Friday. In connection with birdies Ponzi scheme his also agree that criminal forfeiture of about 143. Point one. 1000000000 dollars that's your morning call this Thursday you can follow us on Twitter Reuters Insider. Please check out our writers TV out Reuters dot com slash writers TV. I'm Rhonda schaffler at the writers.

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U.S. Morning Call: Losses at JPM expected to be $6-7 bln

Wednesday, June 27, 2012 - 02:28