Gasparino said the bank is filing overseas to avoid a U.S. bankruptcy judgewho recently ruled against them in a case about its brokerage of a hedge fund.
-A. Christian Jean, Dow Jones Newswires; 201-938-2007;
Corrected
(A story published at
(END) Dow Jones Newswires
The bank, which owns 48.5% of the Greek fintech, is battling with the company's owners over how to determine valuation, among other disputes. JPMorgan says it is reviewing aspects of the legal case but is still seeking a $1 billion claim in Greece.
Three executives at Space City Credit Union in Houston will get a total of $6.75 million if the cooperative's members approve a merger. The 12,000 or so members will split $5 million.
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