Britain‘s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria‘s Guaranty Trust Bank 525,000 pounds ($815,000) 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 to […]
Tag: Reuters
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 […]
Exclusive: U.S. steps up probe of JPMorgan over Bear mortgage bonds
 The U.S. Department of Justice has stepped up a probe in recent weeks into Bear Stearns & Co’s mortgage dealings in the run-up to the financial crisis, according to two sources familiar with the situation, raising the possibility that JPMorgan Chase & Co may face yet another case over […]
