J.P. Morgan faced 23% profit drop

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Source: Marketwatch
On of US leading banks J.P. Morgan Chase & Co reported 23% decline in its fourth quarter earnings as income from investment banking tumbled. Bank's investment banking division reported a drop of 52% in profit. In total J.P. Morgan posted a net income of $3.73 bn or $0.9 a share compared to $4.83 bn or $1.12 per share a year before.
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Fri, 13 Jan 2012 16:47:15 GMT

Italian borrowing costs of three-year bonds fell to 4.83%

Italy's costs of borrowing decreased at the latest bond auction despite relatively low level of demand. The cost of borrowing on two-year bonds decreased from 5.62% to 4.83% with demand exceeding offer only 1.22 times while on Thursday's Spanish debt auction bids were almost four times higher than the offer.

Fri, 13 Jan 2012 16:47:04 GMT

Gold eases down on stronger US Dollar

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