A 2009 lawsuit brought against Charles Schwab & Co Inc had been revived by a New York state appeals court.
Legal & Regulatory
Goldman Sachs’ managing director indicted on rape charge
Goldman Sachs' managing director Jason Lee had been indicted with rape by a grand jury. Jason Lee, managing director at Goldman Sachs Group Inc. was charged with rape.
Senate Investigations Panel examines records on JPMorgan FERC probe
The US Senate investigation panel had asked energy regulators to hand over documents from an investigation with JP Morgan Chase & Co.
JPMorgan: U.K. Water M&A possible amid regulator review
JP Morgan Chase & Co. said that M&As within the UK water industry still exits amid regulatory price review.
China continues crackdown on corruption
China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Latest News
A source told Reuters that JPMorgan has bee pressured by finance authorities to settle at least USD6 billion in mortgage claims.
U.S. Justice Department asked a federal court to set trial date on March 3 to hear arguments on whether it should halt a planned merger between US Airways and American Airlines.
A Philippine regulator postponed the bid for a ticketing system to be used by the MRT and LRT. The Department of Transportation and Communications (DOTC) in the Philippines deferred the submission of bids for the ticketing system of the country's rail transportation systems.
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.
Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.
Las Vegas Sands Corp pays USD47.4 million to end federal probe on suspicious cash flow. The Las Vegas Sands Corp, operator of the Venetian and Palazzo hotel complex in Las Vegas, agreed to pay USD47.
The Hong Kong Stock Exchange would need to make a difficult decision on Alibaba's proposal to retain control after its planned IPO.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
