Billionaire Philip Falcone agreed to a five year ban in the securities industry and admits wrongdoing in the allegations filed by the US Securities and Exchange Commission.
Legal & Regulatory
JP Morgan Chase to choose new directors
JPMorgan Chase had identified possible candidates for new directors of the bank's board . JPMorgan Chase & Co is near to identifying the company's two newest directors, according to Reuters' source.
London's 'Gherkin' owner looks for protection from creditors
IVG Immobilien sought protection from its creditors in court in Bonn after failing to reach an agreement to refinance its debt.
Competition Commission releases provisional findings on Cineworld investigation
UK regulator warns Cineworld might have to let go of three complexes. Cineworld might just have to let go of their recently acquired complexes at Aberdeen, Bury St Edmunds and Cambridge as the Competition Commission released their provisional findings last Tuesday.
Vietnam government might ban chat applications
Vietnam announced plan to ban free chat applications to protect network providers in the country. The Vietnam government proposed a possible prohibition of free Internet chat applications.
Latest News
The US Federal Reserve conducted a study and saw 18 of the largest banks in the country to be weak in one capital area.
Vietnam's Finance Ministry submitted a proposal to relax foreign ownership restrictions by allowing foreigners to increase voting shares in non-conditional industries.
On Monday, the 2nd US Circuit Court of Appeals in New York announced that investors may revive a lawsuit against Barclays PLC.
Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.
Banking regulations discouraging excessive use of retail credit cards caused Turkish equities to drop.
Fonterra negated the Sri Lankan ban of the company's dairy products. Top dairy exporter, Fonterra of New Zealand, cried foul over the banning of its products in Sri Lanka last Friday.
JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.
China's State Council would be reviewing the laws and regulations regarding foreign investments in the country.
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
