Rus News Journal

NYSE Euronext the assistant to general director NYSE Euronext of Dominik Cherutti merges concessions

Stock exchanges
In published on Friday of interview to the French newspaper La Tribune has declared that its stock exchange is not ready to go on additional concessions to meet with Eurocommission approval on merge with Deutsche Boerse. We will not go further because it threatens business - to the logician of the transaction - quotes La Tribune a top - the manager. Reaction NYSE Euronext it is possible to consider as the official answer to the informal information which has appeared on last week that the Eurocommission can not approve merge without additional concessions from a management of both stock exchanges. As wrote mass-media, EU regulators have notified operators that a condition of approval of the transaction is sale of one of platforms on trade derivativami - Liffe, entering in NYSE, or belonging Deutsche Boerse platforms Eurex. And in spite of the fact that in November NYSE the platform part has agreed to sell it. Tamila Dzhodzhua

Banks
Profit JP Morgan in the end of the year has fallen to 23 %
In the end of the past week in the USA for the fourth quarter 2011 the first of six largest financial corporations of this country - JP Morgan Chase has reported. The reporting of bank has not pleased analysts - the profit has made $3,7 mlrd that on 23 % of the profit less received in the end of 2010 and profit less which analysts expected. Besides, the bank has informed on $528 million allocation on the judicial proceedings connected with claims for mortgage papers. And though the profit from retail bankinga in comparison with the fourth quarter 2010 has grown on 16 % to $533 million, the profit of investment division from - for situation deterioration in the markets was reduced to 52 % - to $730 billion Besides, on 40 % - to $302 million - division JP Morgan Chase profit on management of actives has fallen. After the publication of the quarter reporting of action JP Morgan Chase have fallen in price on 2,5 %.

Besides, past Saturday the Italian newspaper Milano Finanza has published interview to head JP Morgan Chase of Dzhejmi Dajmonom which has informed that its bank can lose to $5 mlrd from credit investments in the problem countries of an eurozone - Portugal, Italy, Ireland, Greece, Spain. we are afraid that we can lose to $5 billion I Hope, the worst does not happen, but even if it and will occur, I nevertheless will not tear hair - quotes the edition of the American banker. The total amount of credit investments JP Morgan Chase in the problem countries of a zone of euro is estimated in $15 billion Evgenie Hvostik

ING cuts down expenses
the Dutch bank ING has declared on Friday that is directed on reduction of expenses on 300 million a year by 2015. ING has declared that this year and in the following will concentrate on debt repayment in 10 mlrd which it has received from the government in October, 2008 at the height of world financial crisis. We needed to pay in addition 3 mlrd with the award, that is all 4,5 mlrd - chief executive ING of Jan Hommen has told. AFP