The Royal Bank of Scotland entered into a settlement with the Securities and Exchange Commission amounting to USD153.7 million.
Tags: JPMorgan
U.S. banks ramp up credit card lending but margins may suffer
As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses.
Tesla, Twitter among premarket's biggest movers
Tesla Motors Inc (TSLA.O) was one of the biggest movers of Thursday's premarket session, after the company's chief executive hinted at a new product that would be unveiled next week.
Wall Street edges higher after Fed; Dow sets record
U.S. stocks edged higher in volatile trading on Wednesday after the U.S. Federal Reserve renewed its pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.
JPMorgan hackers accessed servers but stole no money: report
Hackers accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken, the New York Times reported on Friday, citing people familiar with the investigation into the case.
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The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
US government widened probe into JPMorgan's hiring practices to include countries across Asia. An investigation into JPMorgan's hiring practices in China uncovered evidence that links hires to specific deals.
Banks were prompted to look at their tradition of "client hires" as the SEC deepened its investigation of JPMorgan's hiring of two Chinese nationals.
An analyst said that if JPMorgan Chase & Co would have broken up into its four core businesses, it would be 30% more valuable to its shareholders.
Iron Capital's analyst, Eric Jackson, said BlackBerry would continue to slump even with the reported strategic alternatives for the company.
Vivint Solar stated they have gathered US$200 million in two new tax equity funds that would be used to fund solar power platforms on residential rooftops.
A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.
JPMorgan agreed to pay more than USD400 million settlement for allegations of power market manipulation.
