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