Search Results for: J.P. Morgan Chase
Traders’ Phones Are Becoming a Zone of Total Surveillance
September 14th, 2015
At large banks, regulatory requirements and new technology change how conversations are conducted Wall Street has a message for its traders: Watch what you say. At large banks in the U.S. and Europe, traders’ everyday activities are being recorded ...
Two Chinese Firms Seek Multibillion-Dollar IPOs
August 3rd, 2015
China Merchants Securities and China Reinsurance are pursuing Hong Kong listings Two Chinese financial firms are gearing up for multibillion-dollar initial public offerings in Hong Kong, even as China’s stock markets saw one of their steepest selloffs last month. ...
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
Libor Trial Hears Global Banks Submitted Skewed Data
June 9th, 2015
Numerous banks told the British Bankers’ Association they deliberately submitted inaccurate data, court at Tom Hayes trial is told A succession of global banks told a British trade association in 2005 and 2006 that they and their rivals were ...
Justice Department Readies New Bank Settlements
June 5th, 2015
Federal and state officials are preparing the next round of billion-dollar mortgage settlements involving U.S. and European banks Up to nine banks are in line for the next round of billion-dollar payments related to soured mortgages as federal and ...
Biggest MasterCard Issuers Scuttled Deal on Target Data Breach
June 3rd, 2015
Citigroup, Capital One and J.P. Morgan Chase vetoed MasterCard’s deal with Target over hacked credit-card data Citigroup Inc., Capital One Financial Corp. and J.P. Morgan Chase & Co. rejected a $19 million pact backed by MasterCard Inc. last month over the huge Target Corp. data breach, resulting in the settlement’s unexpected ...
Banks Expected to Settle FX Probes for Billions
May 7th, 2015
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...
U.S. Trade Gap Widens on Surging Imports
May 6th, 2015
Stronger dollar, influx of foreign goods augur lower numbers on economic growth A stronger dollar and an influx of pent-up imports into West Coast ports are pointing the U.S. economy toward its third quarterly contraction in its six-year-long expansion, ...
Fifth Annual Impact Investor Survey Reflects on Industry Growth, Past and Projected
May 5th, 2015
146 of the world’s largest impact investors, including fund managers, banks, development finance institutions, foundations, and pension funds report having committed $10.6 billion to impact investments in 2014, with plans to commit 16% more in 2015. The surveyed sample, ...
Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit
April 30th, 2015
BofA says cost of settlement will be covered by existing reserves Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating foreign-exchange rates. The bank’s decision ...
