Most emerging-market stocks declined as homebuilders led Brazil’s Ibovespa to the biggest slump among global equity gauges. Russian stocks slid after Bank of America Merrill Lynch cut its outlook for the nation’s shares.
JPMorgan Chase & Co.’s Mary Callahan Erdoes got her first assignment managing money when she was 6 years old. The eldest of four children, Erdoes showed an early aptitude for math that was fostered at her grandmother Kay’s suburban Chicago breakfast table, where she helped balance her grandparents’ checkbook on an adding machine.
Greenhill & Co., the merger adviser GrainCorp Ltd. hired to consider Archer-Daniels-Midland Co.’s bid, is itself a potential target for firms looking to add banking expertise on optimism deal-making will resurge.
Thank you, Michael Holland, founder of www.thehollandfund.com, for providing a little perspective this morning on Bloomberg Surveillance as Dow Jones Industrial Average futures traded down 145 points and European markets fell amid trading volumes that were 20 percent above average.
William “Wild Bill” Janklow ’s law office in Sioux Falls, South Dakota, is crowded with mementos from his 16 years as a Republican governor. On a low, wooden bookcase, near bottles of hot sauce custom labeled for his annual Buffalo Roundup , he keeps a 4-foot length of red ribbon festooned with Citibank credit cards.
JPMorgan Chase & Co., grappling with a $5.8 billion trading loss and a securities-industry slump, promoted Matt Zames to co-chief operating officer in a management shuffle that replaced the head of its investment bank.