America's top banker makes a DC power play

Jamie Dimon, the 61-year-old CEO of JP Morgan Chase, has been making far more frequent trips to Washington, D.C.; fueling speculation he’s looking to play a bigger role beyond being leader of one of the world’s most profitable banks.

Source: US news

Vanguard withheld support for key Wells Fargo directors: filings

BOSTON (Reuters) – Vanguard Group, one of the world’s biggest fund managers, voted against three directors at Wells Fargo & Co this year, including Chairman Stephen Sanger, according to U.S. filings, a rare rebuke from the bank’s second-largest shareholder.

Source: Business News

Breakingviews TV: High-flying M&A

United Technologies may be on the verge of buying Rockwell Collins for some $23 bln. Rob Cyran and Jeffrey Goldfarb discuss the merits of the transaction.

Source: US news

Market is up on Mnuchin's comments

Investors are cheering strong economic data and Treasury Secretary Steven Mnuchin’s promise of a new tax plan, says David Miller, CIO at Catalyst Funds. Aleksandra Michalska reports.

Source: US news

Breakingviews TV: Wells woes

The U.S. mega-bank’s fake-accounts scandal has swelled to some 3.5 million customers. Jeffrey Goldfarb and Richard Beales discuss what it means for CEO Tim Sloan and the new chair.

Source: US news

Home Depot's race to respond to Harvey

Though Harvey was still two days away from a catastrophic Texas landfall as a Category 4 hurricane, a text-messaged warning spurred the world’s largest home-improvement retailer, Home Depot into action.

Source: US news