JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.
Legal & Regulatory
Canada moves towards unified securities regulator
The Canadian federal government together with two of the largest provinces are working towards a common securities regulator.
RBS raises GBP 630 million through sale of Direct Line shares
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
Groupon loses dismissal bid for the class action suit it is facing in court
In a ruling by Judge Norgle, Groupon was ordered to face the class action suit filed against it for securities fraud.
London whale scandal cost JPMorgan USD1 billion in fines
JP Morgan Chase & Co. reached a milestone in cleaning up its legal affairs however it had also left the company a hefty USD1 billion settlement payments.
Latest News
The proposed share buyback of Activision Blizzard Inc. of its Vivendi SA's shares was blocked by a judge in Delaware Chancery Court in Wilmington.
The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
A Reuters report expected the US Federal Reserve tapering to be cautious. According to a Reuters report, expectations were rife that the US Federal Reserve would be cautious about the tapering of its stimulus package.
I&B Ministry of India approved the proposed investment plan of Goldman Sachs Group to DEN Networks valued USD110 million.
The Royal Bank of Scotland Group could face more lawsuits stemming from the share offering it conducted in 2008 that caused investors to lose money.
