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Former Bank of America retail banker Perry Hall joins Moelis

(Reuters) - A former Bank of America <BAC.N> banker who works with clients in the retail sector has joined Moelis & Co, the boutique investment bank said on Wednesday. Perry Hall joins Moelis as a manager director based in New York where he will cover U.S. and international companies. Hall spent 15 years at Bank of America.

JPMorgan's Dimon says U.S. banks healthy, Europe lagging

PARIS (Reuters) - European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis, Jamie Dimon, chief executive of JPMorgan Chase & Co <JPM.N>, told French newspaper Les Echos. "Profits may still vary for different kinds of reasons. But if you look at the equity, outstanding loans, debt capacity, you would see the (U.S.) banking system is sound," the chairman of the biggest bank in the United States by assets was quoted by the financial daily as saying.

S. Korean brokerages heavily dependent on commissions, interest income

SEOUL, April 9 (Yonhap) -- South Korean securities firms are still relying on their traditional sources of income -- commissions and interest from lending to investors -- which could further worsen their profitability amid a bear run in the local stock market, data showed Wednesday.

JPMorgan corporate and investment bank chief recasts executive team

NEW YORK (Reuters) - Daniel Pinto, who two weeks ago became sole head of corporate and investment banking at JPMorgan Chase & Co <JPM.N>, on Monday announced a new lineup for his executive team which raises the profiles of several individuals. Carlos Hernandez, 52, who formerly headed services for institutional investors, will become co-head of global banking alongside Jeff Urwin, Pinto said in a memo to employees. The two will manage corporate banking, treasury services and investment banking worldwide.

Great-West to buy J.P. Morgan Retirement Plan Services record keeping business

WINNIPEG - Great-West Lifeco Inc. (TSX:GWO) said Thursday it has signed a deal to acquire the J.P. Morgan Retirement Plan Services. Financial terms of the deal for the record keeping business were not disclosed. Under the deal, more than 1,000 staff from J.P. Morgan Retirement Plan Services will join Great-West Financial, the company's U.S. subsidiary. The deal is expected to close in the third quarter of this year, subject to regulatory approval in the U.S. J.P. Morgan Retirement Plan Services has 200 clients with US$167 billion in retirement plan assets.

JP Morgan to process payment for Russian embassy, easing tension

By Megan Davies MOSCOW (Reuters) - JP Morgan Chase & Co is processing a payment from Russia's embassy in Kazakhstan to insurance agency Sogaz, easing tension after Moscow accused the U.S. bank of illegally blocking the transaction under the pretext of sanctions. Russia's Foreign Ministry said on Tuesday the "unacceptable, illegal and absurd" act of blocking the payment would have consequences for the U.S. Embassy in Russia.

Commodity chief Blythe Masters to leave JPMorgan

By Anna Louie Sussman NEW YORK (Reuters) - Blythe Masters, one of Wall Street's most powerful women, is leaving JPMorgan Chase & Co. <JPM.N> after a 27-year career that began with an internship in London and concludes with the sale of the multibillion-dollar commodities business she built. Masters, who turned 45 in March, will leave the bank in a few months after assisting with the sale of its physical energy and metals business to Swiss merchant Mercuria.

Moscow threatens US retaliation over blocked funds transfer

Moscow on Wednesday threatened retaliatory action against US diplomats after US bank JP Morgan blocked a transfer of funds carried out by a Russian envoy. Russia considered as "unacceptable, illegal and absurd the decision of JP Morgan Chase bank to block the transfer by the Russian ambassador in Astana to insurance company Sogaz," said Alexander Lukashevich, a spokesman for the Russian foreign ministry. The move was carried out "under the pretext of anti-Russian sanctions introduced by the United States," the spokesman added.

Russia says JPMorgan 'illegally' blocked embassy money transfer

By Thomas Grove and Megan Davies MOSCOW (Reuters) - Russia accused U.S. bank JPMorgan <JPM.N> on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency "under the pretext of anti-Russian sanctions." In a statement on its website, the Russian Foreign Ministry suggested the action, which it called "unacceptable, illegal and absurd," would have consequences for the U.S. embassy and consulate in Russia.

JPMorgan fails to end lawsuit over London Whale losses

By Jonathan Stempel NEW YORK (Reuters) - JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the "London Whale" scandal.
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