Two Republican lawmakers questioned the time and resources spent by Securities and Exchange Commission in monitoring private equity funds.
Legal & Regulatory
State needs to fix policy or we are out - corporate India
Corporate titans in India had pledged to invest elsewhere should there would be no long-term economic reforms in place.
US regulator okays Honeywell's buy of Intermec on condition
US Federal Trade Commission (FTC)'s Bureau of Competition cleared Honeywell International's proposed acquisition of Intermec on the condition that they license some key patents out to a competitor.
Source: Ex-JPM 'Whale' deputy says he was just following orders
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.
Ex-RBS trader gets imprisoned in Hong Kong
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.
Latest News
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.
US Bankruptcy Judge Sean Lane approved American Airlines' petition to exit bankruptcy today at a court hearing held in Manhattan.
Tax avoidance systems in EU member countries are to be investigated by EU. An investigation is to be conducted by the European Union on Ireland, Luxembourg and the Netherlands for allegations these countries gave multinationals favorable tax deals over and above the EU's anti-competition rules.
TradeKing Group Inc. announced receiving an approval from FINRA for its acquisition of GAIN Securities Inc. assets.
Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
