Bloomberg JPMorgan Chase & Co. was ordered by a Dallas jury to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive, but the verdict will probably be knocked down on appeal. Jo Hopper and two stepchildren won the probate court verdict over claims that JPMorgan mismanaged the administration of the estate of ...

Bloomberg The European Central Bank’s (ECB) 113 billion euro corporate bond portfolio, accumulated as it propped up the euro zone economy with monthly asset purchases, has swept up debt from companies based outside the currency area. Bonds issued by non euro area firms account for 71 — or 7 percent — of the 1,009 securities bought by the ECB since ...

Bloomberg Thailand’s central bank held its benchmark interest rate near a record low, spurning the government’s call for policy easing as it painted a brighter outlook for the economy. Thailand’s Finance Ministry has been stepping up pressure on the central bank to cut interest rates as the currency surges and as inflation remains subdued. Economic growth is lagging peers in ...