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Volkswagen recall to start in January

Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year. All the cars should be fixed by the end of 2016,” Mueller told the Frankfurter Allgemeine Zeitung (FAZ). For the U.S. market, a company spokeswoman said later, the remedy

JPMorgan buys more mortgages from other lenders as market shrinks

JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky. While other big banks buy mortgages from other lenders, known as correspondents, JPMorgan has racked up the biggest increase among its peers in the proportion of loans it buys from others, according to data from