JPMorgan hiring practices under review
JPMorgan Chase hiring practices now being reviewed by US, British and Hong Kong regulatory authorities.
Investment banks
UPS Picks Goldman Sachs to Oversee Its $43.4 Billion Pension Funds
UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Gol...
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regul...
Latest News
Blackstone Group agrees on stake purchase of China-based shopping mall developer
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co.
Investors flood US equity mutual funds with $54.2 billion: Trim Tabs
Trim Tabs showed data that investors poured US$54.2 billion into equity mutual funds.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Friday
Report lists three ways to acquire Twitter shares pre-IPO
An average investor would not stand a chance, unlike big-money investors, to acquire a significant stake in Twitter on its IPO.
Fairfax having difficulty in funding for Blackberry offer - sources
Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.
JPMorgan Chase & Co, US Justice Department face snag in USD 13 billion settlement- sources
Disagreements slowed down talks about the USD 13 billion settlement of JPMorgan Chase & Co and the US Department of Justice, sources told Reuters.
Rabobank pays hefty price after scandal
After thirty of its employees got involved in the manipulation of interest rates, Rabobank had paid a combined EUR774 million in fines.
US Department of Justice's FIRREA strategy may affect relationship with Wall Street
Reuters reported that the use of FIRREA in the Department of Justice's case against Bank of America could change the relationship between Wall Street and the government regulator.
First Fed rate hike eyed by traders on 2015
Traders kept bets for Feds rise in rates by the year 2015.
