Deposit Money Banks have pledged to boost lending to the nation’s economic sectors in 2014 as part of plans to ensure macro-economic stability in the year. The banks took the position at the fifth Bankers Committee retreat held recently. A communiqué issued after the retreat, which was obtained on Monday, […]
Author: InvestAdvocate
JPMorgan blocked probe in Madoff case: government official
A U.S. Treasury Department watchdog tried to examine whether JPMorgan Chase & Co (JPM.N) interfered with a regulatory probe into its relationship with convicted felon Bernard Madoff but the largest U.S. bank was able to nip the inquiry in the bud, a government official said on Monday. The U.S. Treasury […]
Nasdaq fails to win dismissal of Facebook IPO lawsuit
A federal judge has rejected Nasdaq OMX Group Inc’s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc’s $16 billion initial public offering, a decision released on Monday shows. Nasdaq had argued that its status as a self-regulatory organization (SRO) gave it immunity from […]
