JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.
Legal & Regulatory
Philippine aviation authorities hope to get upgraded by US FAA in October
The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.
George Koutsos is new head of Hellenic Financial Stability Fund
George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.
Federal Government of Nigeria loses USD 40 billion in 76 oil leases not yet in production
The Federal Government of Nigeria lost USD 40 billion in downstream infrastructure investments for 76 non-producing oil leases.
Finland saves welfare society with EUR 9 billion plan
Finland rolled out a EUR 9 billion plan enough to pay for welfare expenses of its aging population. The government of Finland agreed on a plan to ensure that it would have money to pay welfare costs for its fast-growing elderly population.
Latest News
A source told Reuters that the European Union Commission will approve Swedish oil refiner Nynas and Royal Dutch Shell's deal despite antitrust concerns.
A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.
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.
Although Javier Martin-Artajo had bought himself time by getting arrested in Madrid, lawyers involved in getting the JP Morgan ex-employee back believed that his extradition, though delayed, was inevitable.
Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.
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.
Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.
After global food safety scare, Danone SA unit plans to take legal action against New Zealand's Fonterra.
American Airlines said that the scheduled March trial for antitrust issues would put its planned merger with US Airways Group at risk.
