JPMorgan Chase & Co the biggest U.S. bank, will pay approximately $920 million in penalties to regulators in two countries to settle some of its potential liabilities from its $6.2 billion London Whale derivatives loss last year, according to terms made public on Thursday. The penalties include $300 million to […]
Tag: SEC
Japan regulator probing Deutsche Bank entertainment of pension clients – sources
Japan’s securities market watchdog is investigating whether Deutsche Bank AG (GER:DBK) employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, sources with knowledge of the matter said. The Securities and Exchange Surveillance Commission (SESC) found evidence of potential infractions during a regular audit of Deutsche Securities […]
Wema Bank Says AMCON Takeover False
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wema Bank Plc Friday said the report that the Asset Management Company of Nigeria (AMCON) will takeover the bank is false. Apart from that, the bank in a Statement obtained by InvestAdvocate said the report was also fraught with irregularities and misrepresentation of facts relating […]
