JPMorgan Chase & Co. hired Felipe Garcia-Moreno, the former head of Morgan Stanley’s Mexico office, to oversee investment banking and corporate lending in the country, a person with knowledge of the matter said.
Glencore International Plc, the largest publicly traded commodity supplier, is considering a sale of its Australian malt unit and is working with Bank of America Corp., said two people with knowledge of the matter.
The Bank of Canada said Larry Schembri will become deputy governor as of Feb. 25, an internal promotion to its rate-setting panel while the government conducts a broader search to replace departing Governor Mark Carney.
Bank of Canada Deputy Governor John Murray said it’s a misconception that policy makers must maintain interest rates at a “neutral” level when inflation is near the central bank’s target and the economy is close to full output.
Independent actions by developed and emerging countries have failed to maximize global economic growth, Bank of Canada Deputy Governor John Murray said, making reference to a Beatles song to suggest a way forward.
The package arrived at Cindy Lohman’s home in Great Mills, Maryland, just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick, 9-inch-by- 12-inch envelope from Prudential Financial Inc ., which handles life insurance for the Department of Veterans Affairs.