David Enrich

Spain’s Private Jets Disappearing as Tycoons Cut Flights

bloomberg.com — As Spain's housing market boomed in the last decade, real estate tycoons fell in love with the idea of getting to construction sites fast. Developers and other business titans binging on easy credit more than doubled the country's corporate jet fleet from 2004 to 2009, to 137 planes.

UBS to Meet Activist Investor

online.wsj.com — An activist investor pushing for a breakup of UBS will meet with a top executive of the Swiss bank next week, according to a person familiar with the situation, providing a chance to pitch the financial giant on the idea of shedding its investment bank.

FCA Final Notice 2013 - J.P. Morgan International Bank Limited

fca.org.uk — For the reasons given in this notice, the FCA hereby imposes on J.P. Morgan International Bank Limited ("JPMIB" or "the Firm") a financial penalty of £3,076,200

CEO of Popular Seeks IOC Presidency

online.wsj.com — The chairman and CEO of Puerto Rico's Popular declared his candidacy to become president of the International Olympic Committee.

JPMorgan Seen to Defeat Effort to Split Top 2 Jobs at Bank

dealbook.nytimes.com — TAMPA, Fla. - Jamie Dimon, the nation's most powerful banker, appears set to hold onto his title of chairman after JPMorgan Chase 's shareholders defeated a proposal to split the two top jobs, according to people who have seen the preliminary tallies. The margin of victory is unclear.

Multinationals' Scanty Tax Pay Angers U.K.

online.wsj.com — The storm brewing over Apple Inc.'s tax practices in the U.S. has already rained down hard in the U.K., where multinationals including Starbucks Corp., Amazon.com Inc. and Google Inc. have drawn public scorn for the paucity of taxes they pay here.

Shuttered FrontPoint hedge funds sue Libor banks for $250 mln fraud

newsandinsight.thomsonreuters.com — Last month, right after U.S. District Judge Naomi Reice Buchwald of Manhattan dismissed class action antitrust and racketeering claims against the global banks that supposedly colluded to manipulate the benchmark London Interbank Offered Rate (Libor), Daniel Brockett of Quinn Emanuel Urquhart & Sullivan politely said, "I told you so."

Taking Stock of Capital Ratios

blogs.wsj.com — By Margot Patrick With earnings season for European banks now all done and dusted for the first quarter, it seems timely to have a glance at their capital positions. When Deutsche Bank raised €2.96 billion ($3.81 billion) in fresh equity in April, lifting its ratio to 9.5% J.P.