Britain’s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria’s Guaranty Trust Bank (GUARANT.LG) (GUARq.L) 525,000 pounds for failing to have adequate controls to prevent money laundering. The Financial Conduct Authority (FCA) said that between May 2008 and July 2010, GT Bank UK had failed […]
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U.S. considering arrests in JPMorgan ‘whale’ case: sources
U.S. authorities are considering arresting two former JPMorgan Chase & Co employees for their alleged role in masking $6.2 billion “London Whale” losses, according to two people familiar with the situation. In the latest twist in a scandal that has tainted the reputation of the largest U.S. bank and led […]
SAC to Keep Managing Money While Facing Indictment
Federal prosecutors and the investment firm SAC Capital Advisors agreed on Thursday to a protective order that requires the firm to keep most of its money in its fund while operating under a criminal indictment, according to a person briefed on the case. The order serves a dual purpose, preserving […]
