JP Morgan Chase & Co. had admitted wrongdoing and agreed to pay USD100 million settlement regarding the disastrous London Whale trade, said a report from Reuters.
Legal & Regulatory
Dismissal of eminent domain case appealed to higher court
Richmond resident trustees have filed an appeal on a decision made by US District Judge Charles Breyer dismissing the eminent domain case.
House GOP leaders approve Senate proposed deal
According to officials who sought anonymity, House Speaker John Boehner and other Republican leaders in the House would approve the Senate drafted deal on the debt ceiling and the budget.
Cuban found innocent of insider trading charges
A verdict of not guilty was entered by a Dallas jury on the case of insider trading against billionaire Mark Cuban.
Royal Mail high demand signals return of retail investors
The recent privatization of Royal Mail creates an 'equity culture' in the UK. The strong demand for Royal Mail shares could become the watershed moment where retail investors return to share sales.
Latest News
The China Securities Regulatory Commission approved the application of China Everbright Bank Co to hold a share sale overseas and raise USD 2 billion.
Lawyers asked T-Mobile to remove its television commercial which was a parody about smartphone theft, saying it belittled the issue.
Goldman Sachs, as well as a number of hedge funds or investment firms, is subject of a review by Korean regulators for compliance with local laws.
To address wrongdoing in the 'London Whale' scandal, JP Morgan enters into a settlement agreement with the CFTC.
Fitch is allowing itself until the first quarter of 2014 to determine if US credit rating needs to be downgraded.
Jury deliberations on the insider trading case against Mark Cuban started Wednesday. The jury had begun deliberations for the insider trading case of NBA Dallas Mavericks owner Mark Cuban.
In its amended IPO filing, Twitter would be listed with the NYSE and also reported increased revenues and user base despite mounting losses.
Grupo BTG Pactual got regulatory approval to open a broker-dealer unit in Mexico. Brazil-based Grupo BTG Pactual received approval on Monday from regulatory authorities to establish a new broker dealer operation in Mexico.
Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.
