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As pessimism mounts, investors are exercising greater caution when dealing with companies and stocks within the European Union. At 7:30 last night, political parties within Greece had still not managed to reach a consensus. Over in Spain, thousands took to the streets to protest the government’s austerity plans. In Germany, Merkel’s...

Amid recent reports of errors and astonishing losses, JPMorgan Chase’s shares have fallen over 9 percent. The company recently reported their losses to the United States Securities and Exchange Commission. So far, those involved in the case believe that the failed hedging strategy could end up costing the bank at least $1 billion. With...

International Airlines Group has now inked a deal to sell the regional division, BMI to Sector Aviation Holding. The total cost of the sale comes to a total of £8 million and save the company a total of 330 jobs. The International Airlines Group is the parent company of British Airlines. As a result of recent...

After sustaining losses totaling €6 billion in 2008, courts have recently ordered that more than 100 investment bankers in London receive their bonus. The backdated payments are to total at total of €50 million for the bankers. Individual bankers will receive as much as €2 million apiece.

Commerzbank bought out Dresdner...