A round-up of the key stories across the specialist financial media, including news that a top JP Morgan banker has resigned after being fined by the FSA.
Top JP Morgan banker resigns to fight abuse fine
One of London's most prominent bankers was fined £450,000 on Tuesday for passing on inside information in a case that will embarrass his employer JP Morgan Cazenove and which marks a new resolve by authorities to target high-profile figures.
Stock futures down after S&P hits 4-year high; FOMC eyed
Stock index futures fell on Tuesday after the S&P 500 climbed to a 4-year high in the previous session as investors awaited factory orders data and minutes of the latest Federal Reserve meeting.
Home prices seen dropping 10% in U.S. on foreclosures: mortgages
Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as much as 10 percent.
