JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.
Legal & Regulatory
US Federal Reserve sees 18 banks weak in at least one capital area
The US Federal Reserve conducted a study and saw 18 of the largest banks in the country to be weak in one capital area.
Vietnam to relax foreign ownership limits
Vietnam's Finance Ministry submitted a proposal to relax foreign ownership restrictions by allowing foreigners to increase voting shares in non-conditional industries.
US court gives investors a second chance for Barclays disclosure
On Monday, the 2nd US Circuit Court of Appeals in New York announced that investors may revive a lawsuit against Barclays PLC.
Ten more Slovenian banks subject to state bank stress tests
Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.
Latest News
China's State Council would be reviewing the laws and regulations regarding foreign investments in the country.
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.
China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.
A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.
Greek politicians are coming to a head on the issue of home foreclosure auctions. Greece would be lifting its restrictions on the implementation of home foreclosures in order to give banks the leeway to recover its bad loans.
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
US anti-trust regulators filed a lawsuit against US Airways and American Airlines' USD11 billion merger saying that the deal would only result to higher air fares, service reduction and a strangled competition in the industry.
China announced its plans of easing laws for foreign investors in its free trade zones. China has planned to ease laws on foreign investment in the country's new free trade zones.
