Social workers have strongly urged all overstayers to take immediate steps to regularise their status within the stipulated time frame
Mercuria may pay as much as $3.7 billion for the unit and a deal could be announced soon, one of the people said on Wednesday, asking not to be named before it’s made public. The future of Blythe Masters, head of the New York-based bank’s commodities division, isn’t expected to be part of the deal’s announcement, one of the people said.
JPMorgan is selling amid concern that banks could control prices if they own commodities as well as trade them, or suffer catastrophic losses that would endanger the financial system. The Federal Reserve said in July it might force insured lenders to get out, and JPMorgan agreed later that month to pay $410 million to settle claims that it manipulated power markets without admitting wrongdoing.
Mercuria was started in 2004 by former Goldman Sachs Group traders Marco Dunand and Daniel Jaeggi and is now the world’s fourth-largest independent commodity trader. Dunand and Jaeggi each own 15 per cent of the Geneva-based company, which has grown rapidly in the past three years.
Social workers have strongly urged all overstayers to take immediate steps to regularise their status within the stipulated time frame
Some tickets were relisted on resale sites for as much as Dh38,581
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The confirmed case involved a 51-year-old man, who is currently in stable condition and undergoing treatment
Regarding the possibility of elections in the violence-hit country, the foreign affaires adviser said there would be more clarity on the timeline by September