JPMorgan Net Rises 55% on Fixed Income, Provision Cut (Update2)

JPMorgan Chase & Co., the second- biggest U.S. bank by assets, beat analysts’ estimates as first- quarter earnings rose 55 percent on record fixed-income trading revenue and a reduction in provisions for credit losses.

N.Z. Retail Sales Unexpectedly Fell 0.6% in February

New Zealand retail sales unexpectedly fell in February for the second time in three months, as rising unemployment and a slowing housing market curbed consumer confidence.

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ECB May Limit Riskier Securities Used as Collateral for Loans

The European Central Bank may limit the amount of risky assets financial companies can post as collateral for loans as it seeks to cut holdings of securities blamed for worsening the recession, according to analysts at Citigroup Inc., Nomura Internatio…

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FDIC extends key deposit program

Federal banking regulators voted Tuesday to extend a program that offers U.S. businesses unlimited insurance coverage on their bank accounts.


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