Stock commissions seen shrinking
Institutional stock trading commissions could fall by 20%, predicts Greenwich
July 9, 2009
JPMorgan Profit Surges 78%; Dimon Will Be CEO Dec. 31
Oct. 19 (Bloomberg) -- JPMorgan Chase & Co., the third- biggest U.S. bank, reported a record quarterly profit as fixed- income trading revenue surged, and said President James Dimon will become chief executive on Dec. 31, six months early. Read more hereMideast firms target stock exchanges
A flurry of cross-border deals between state-owned companies in Dubai and Qatar and Western stock exchanges will move the Middle East closer to the center of global finance.
Power slowly returns to Colombia
Colombia’s electrical grid collapsed Thursday, causing a nationwide blackout that briefly halted stock trading, trapped people in elevators and left authorities struggling to determine the cause. By midday, power was slowly being restored to homes and companies.
