Everbright Securities Co. faced a three month restriction on joining any property trading after it erroneously priced government bonds worth CNY10 million.
Legal & Regulatory
Norway approves Africa Israel Investments, Danya Cebus for sovereign wealth fund investment
Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.
Sergei Shvetsov heads new Russian "mega-regulator"
Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
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.
Latest News
Bayer Healthcare said it received approval to market its cancer treatment Stivarga in Japan. Bayer Healthcare announced it had received regulatory approval to market its cancer drug Stivarga in Japan.
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.
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.
