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.
Investment banks
Hedge funds uneasy on Summers's possible Fed Reserve nomination
According to a Bloomberg report, the potential nomination of a Federal Reserve outsider made investors scramble for advice on whether the news would have an effect in financial markets and monetary policy.
WSJ says General Electric to divest US consumer lending biz
A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
JPMorgan conducts internal bribery investigation
JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.
RHJ says German regulator to give decision on BHF purchase by end of September
RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.
Latest News
A source told Reuters that JPMorgan has bee pressured by finance authorities to settle at least USD6 billion in mortgage claims.
Lloyds Banking Group agreed on a sale of its loan asset portfolio from its BOS International Australia unit to Bain Capital's Sankaty Advisors.
The U.S. Supreme Court dismissed a shareholder derivative lawsuit filed against UBS by pension plans in Puerto Rico.
The number of initial public offering in Sweden had increased while Stockholm's OMX All-Share Index had reached a record high, erasing market volatility in the country.
After the fall of Lehman Brothers, Morgan Stanley retained its reputation as a law-abiding investment bank.
A Bain & Co. study showed Swedish banks outperform peers, but Europe's financial sector poised to catch up.
Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
The State Bank of India announced that it had expected to receive a total of INR4 billion in recapitalization from the government.
The Reserve Bank of India would scrutinize pending foreign deals after the steep fall in rupee's value.
