China probe is latest legal headache for JPMorgan
NEW YORK (Reuters) – A federal bribery investigation into whether JPMorgan Chase & Co. hired the children of key Chinese officials to help it win business is just the latest in a series of legal and regulatory headaches for Chief Executive Jamie Dimon.
Wall Street falls for fourth straight session as Fed eyed
NEW YORK (Reuters) – U.S. stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that could lead to higher int…
Falcone agrees to industry ban in new SEC settlement
NEW YORK (Reuters) – Hedge fund manager Philip Falcone agreed to a five-year ban from the financial industry and will admit wrongdoing to settle charges by the U.S. Securities and Exchange Commission that he improperly used money from his hedge fund an…
Icahn seeks to end Herbalife short-seller’s lawsuit
NEW YORK (Reuters) – Carl Icahn on Monday asked a federal judge to dismiss a lawsuit brought by a short seller who accused the activist investor of perpetuating an alleged pyramid scheme at nutritional products company Herbalife Ltd .
IRS debuts online registration for firms ahead of FATCA law
WASHINGTON (Reuters) – The Internal Revenue Service on Monday launched an online registration program for the hundreds of thousands of financial firms around the world that must comply with a U.S. anti-tax evasion law or risk being shut out of financia…
Judge endorses use of fraud law against Bank of America
NEW YORK (Reuters) – A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the Justice Department is trying to use in cases against Wall Street banks.
JPMorgan faces Dept of Justice probe on energy trades: WSJ
(Reuters) – JPMorgan Chase & Co is being investigated by the U.S. Department of Justice for possible manipulation of energy markets following the company’s settlement of civil allegations last month with a separate federal energy agency, the Wall Street Journal reported on Monday, citing people familiar with the case.
KKR, Warburg Pincus vying for Mitchell International: sources
NEW YORK (Reuters) – KKR & Co LP and Warburg Pincus LLC are among the private equity firms competing for Mitchell International Inc, a car and property claims software company that could fetch up to $1.5 billion, according to four people familiar with the matter.
GM taps Delphi executive to lead global powertrain unit
DETROIT (Reuters) – General Motors Co has hired a top Delphi Automotive Plc executive to lead the largest U.S. automaker’s global powertrain operations beginning next month, GM announced on Monday.
In Australia, manufacturing’s not dead, just changing
SYDNEY (Reuters) – At a bright, airy plant in the outer suburbs of Sydney, large automated machines hiss quietly as they create motherboards for stereo video microphones that will be shipped around the world.
