Former JP Morgan executive to clear name in London Whale scandal
Achilles Macris, former CIO of JPMorgan, said he was denied due process for he was denied the opportunity to respond to the allegations.
Merchant banks
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering...
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
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Deutsche Bank conducts internal inquiry
Like many other regulatory authorities, Deutsche Bank is conducting an internal review of conversations and electronic communication for allegations of rigging the the benchmark interest rates.
JPMorgan reaches tentative settlement agreement
A total of USD13 billion is to be paid out by JPMorgan under the tentative settlement agreement forged with US authorities related to mortgage backed securities.
UK government to decide next month on RBS split- report
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
ECB head Mario Draghi seeks protection for bondholders
Bondholders were sought protected by Mario Draghi through the European Central Bank.
British court starts Libor hearings this week
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
JPMorgan Chase to settle FHFA suit
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud.
Morgan Stanley's CFO reiterates ROE goals
With an average of USD6 billion revenues on 10% cost on equity, Morgan Stanley's CFO said the business is doing good.
Commerzbank to pass ECB stress tests
The increase in Commerzbank's overall financial value would help in passing tests conducted by the European Central Bank.
Regulators review instant messages of 'The Cartel'
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
