A lawyer for a JP Morgan Chase & Co. ex-employee argued with US prosecutors that his client was just following orders from his superiors in indicating prices for the "London Whale" deal.

Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.

California would soon have one of the highest minimum wages in the US at USD 10 an hour. The minimum wage of California was slated to rise to USD 10 per hour in the next three years.

According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.

Two Republican lawmakers questioned the time and resources spent by Securities and Exchange Commission in monitoring private equity funds.

Antitrust regulators in the European Union would review M&A deals to gauge their effects on local markets.

Citing sources who were familiar with the matter, the Financial Times reported that Shanghai has approved six foreign hedge funds to raise money from investors within China.

Bayer said regulators in China were investigating their local office in the mainland for alleged unfair competition practices.

Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.

McDonald's made a buyout offer to Vikram Bakshi as the giant fast food chain planned to effectively settle dispute between the two sides.