Law firm Milberg skirts sanctions over fake claims in credit card fees case By Mike Scarcella July 15 (Reuters) - A law firm that said it unknowingly submitted fake claims as part of a $5.6 billion antitrust settlement with Visa and Mastercard will escape sanctions for now, a federal magistrate judge has ruled. U.S. Magistrate Judge Joseph Marutollo in Brooklyn said on Saturday that punishing plaintiffs law firm Milberg Coleman Bryson Phillips Grossman was “unnecessary at this time” after th

BREAKINGVIEWS-Now is least-bad time for JPMorgan CEO to move on The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 12 (Reuters Breakingviews) - Jamie Dimon missed JPMorgan’s JPM.N quarterly earnings call on Friday because he was traveling. That’s unusual: neither throat cancer nor an aortic dissection have stopped him before.

US STOCKS-Wall St climbs after moderate rise in PPI, mixed bank results For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. US producer prices rise marginally in June JPMorgan profit jumps; shares dip Wells Fargo drops after profit falls on deposit costs Citi posts Q2 profit beat BNY up after Q2 profit rises Indexes up: Dow 0.21%, S&P 0.45%, Nasdaq 0.69% Updated at 10:06 a.m.

REFILE-CORRECTED-US STOCKS-Wall St set for muted open after mixed bank results, PPI data Refiles to drop extraneous numbers from paragraph 7. The story was previously corrected to fix the comparative period in the same paragraph US producer prices rise moderately in June JPMorgan profit jumps; shares dip in choppy trading Wells Fargo drops after profit falls on deposit costs BNY up after Q2 profit rises Futures: Dow up 0.05%, S&P 500 up 0.02%, Nasdaq down 0.01% By Medha Singh and Ankika Biswas J

BUZZ-U.S. Banks: JPMorgan, Wells Fargo and Citi down after Q2 results Updates ** Shares of U.S. banks JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N slip after reporting Q2 results * * S&P 500 Banks .SPXBK down 2% JPMORGAN CHASE & CO ** JPM down 2 % a t $203.4 ** Biggest U.S. lender reports Q2 profit of $18.15 bln, or $6.12/shr, vs $14.47 bln

CORRECTED-US STOCKS-Wall St set for muted open after mixed bank results, PPI data Corrects comparative period in paragraph 7 to year-ago quarter, not last quarter US producer prices rise moderately in June JPMorgan profit jumps; shares dip in choppy trading Wells Fargo drops after profit falls on deposit costs BNY up after Q2 profit rises Futures: Dow up 0.05%, S&P 500 up 0.02%, Nasdaq down 0.01% By Medha Singh and Ankika Biswas July 12 (Reuters) - Wall Street was set for a subdued open on Frida

BUZZ-U.S. Banks: JPMorgan, Wells Fargo slip after Q2 results; Citi climbs Updates ** Shares of U.S. banks JPMorgan Chase & Co JPM.N and Wells Fargo & Co WFC.N slip after reporting Q2 results JPMORGAN CHASE & CO ** JPM slips 0.1% to $207.45 before the bell ** Biggest U.S. lender reports Q2 profit of $18.15 bln, or $6.12/shr, vs $14.47 bln, or $4.75/

UPDATE 6-Citi profit beats on surge in investment banking, services strength Adds CEO and CFO comments on regulatory actions in paragraphs 6-8 By Tatiana Bautzer and Manya Saini July 12 (Reuters) - Citigroup C.N beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue , but shares fell 2% a mid investor worries about expenses, dividends and market share .

Citi profit climbs on investment banking surge, services strength By Tatiana Bautzer and Manya Saini July 12 (Reuters) - Citigroup's C.N profit rose in the second quarter, boosted by a 60% jump in investment banking revenue and gains in its services division. Net income climbed to $3.2 billion, or $1.52 per share , in the three months ended June 30, the third largest U.S.

BUZZ-JPMorgan posts higher loan loss provision in Q2; stock down ** Shares of JPMorgan Chase JPM.N down 0.8% at $205.82 premarket ** JPM says Q2 provision for credit losses up at $3.05 billion, from $2.9 billion a year earlier ** But Q2 profit rises as it benefited from rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa V.N ** The largest U.S.

US STOCKS-Futures flat as big banks fall after earnings; inflation data awaited For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PPI due at 8:30 a.m. ET JPMorgan profit jumps; shares down in choppy trading Wells Fargo drops after profit falls on deposit costs BNY up after Q2 profit rises on investment service fee boost Futures: Dow up 0.04%, S&P up 0.03%, Nasdaq down 0.06% Updated at 6:54 a.m.

UPDATE 5-JPMorgan profit rises to record, fueled by investment banking Tweaks lede, adds background, quotes in paragraph 4, 5, 8, 12-14, 24, 26; adds Breakingviews link in related items By Niket Nishant and Nupur Anand July 12 (Reuters) - JPMorgan Chase JPM.N beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results .

JPMorgan profit jumps on investment banking fees, accounting gain July 12 (Reuters) - JPMorgan Chase's JPM.N profit rose in the second quarter, buoyed by rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa V.N . The largest U.S. bank's profit was $18.15 billion, or $6.12 per share, for the three months ended June 30, compared with $14.47 billion, or $4.75 per share, a year earlier, it said on Friday.

FACTBOX-US firms bet on Paris Olympics with new stores, marketing push July 12 (Reuters) - U.S. companies from Nike to Warner Bros are opening new stores and holding big marketing events in Paris before and during the Olympics, betting that excitement for the summer games can help boost their sales. Comcast's CMCSA.O NBCUniversal said that International Olympic Committee (IOC) sponsors spent 18% for the latest Olympics compared to the 2021 summer Olympics in Tokyo.

BRIEF-Visa Says Announced That It Will Release Approximately $2.7 Billion From Its Series B And Series C Convertible Participating Preferred Stock July 10 (Reuters) - Visa Inc V.N : VISA INC - ANNOUNCED THAT IT WILL RELEASE APPROXIMATELY $2.7 BILLION FROM ITS SERIES B AND SERIES C CONVERTIBLE PARTICIPATING PREFERRED STOCK VISA INC - RELEASING PREFE

BUZZ-U.S. STOCKS ON THE MOVE-Deckers Outdoor, CarMax, Target Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street rose on Wednesday, with the Nasdaq and S&P 500 again touching record highs as strength in Nvidia and other mega stocks kept investor sentiment bullish before crucial inflation data and second-quarter earnings later this week.

BUZZ-U.S. STOCKS ON THE MOVE-Manchester United, Tesla, Illumina Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street looked set to open higher on Wednesday as strength in shares of its biggest companies fueled a record rally, with Federal Reserve Chair Jerome Powell's remarks and crucial inflation data expected to offer more direction this week.

BUZZ-Visa, Mastercard slide after BofA cuts ratings to 'neutral' ** Shares of Visa V.N and Mastercard MA.N slip 1.1% and 1.4% respectively in premarket trading ** BofA Global Research downgrades stocks to "neutral" from "buy" ** Says upside potential on stocks' valuations and estimates is limited despite premier business models and competitive advantages ** Adds "volatile" regulatory environment could limit multiple expansions and Visa or MA's ability to take price ** However, brokerage points o

EXCLUSIVE-Bank of Israel waiting for digital euro ahead of digital shekel launch BOI committed to digital shekel plans Israel's central bank unlikely to launch ahead of ECB Deputy governor says BOI carrying out behavioural study BOI trying to gauge if public would accept digital shekel By Steven Scheer JERUSALEM, July 10 (Reuters) - The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel's payments system and foster innovation, but is unlikely to launc

BRIEF-HSBC Partnered with Visa to Develop Zing International Money App July 9 (Reuters) - Visa Inc V.N : HSBC PARTNERED WITH VISA TO DEVELOP ZING INTERNATIONAL MONEY APP Source text for Eikon: ID:nBw6QnNZGa Further company coverage: V.N