PRESS DIGEST- British Business - Sept 24
Sept 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
JPMORGAN EXPECTED TO BE SUED BY JUSTICE DEPARTMENT OVER MORTGAGE BONDS
The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, according to reports. A lawsuit, first reported by Reuters, could come as early as Tuesday, people familiar with the matter said. ()
BANK OF ENGLAND TARGETED GROWTH FOR RATE DECISIONS: BEN BROADBENT
Ben Broadbent, a Bank of England policymaker, has admitted the widely-held belief that interest rates have been set in response to changes in growth rather than the official inflation mandate. He made the revelation as part of an attempt to explain the bank's new 7 percent unemployment target, which he claimed was now more relevant than growth due to productivity bottlenecks in the economy. ()