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Amtek Exposure: JPMorgan MF restricts redemption in schemes

Last Updated: Monday, August 31, 2015, 18:24

JP Morgan Mutual Fund has restricted redemptions from two of its debt schemes - Short Term Income Fund and India Treasury Fund -- a move that may severely impact its investors.

JPMorgan, Goldman Sachs, Morgan Stanley to form data company: Report

Last Updated: Thursday, August 20, 2015, 08:57

JPMorgan Chase & Co , Goldman Sachs Group Inc and Morgan Stanley are working to create a company that will pull together and clean reams of data used to determine pricing and transaction costs, the Wall Street Journal reported.

Lawsuit accuses 22 banks of manipulating US Treasury auctions

Last Updated: Friday, July 24, 2015, 09:14

Primary dealers are the banks authorized to transact directly with the Federal Reserve who are big players in Treasury bond auctions and act as market makers in the secondary market.

JPMorgan profit rises as expenses fall

Last Updated: Tuesday, July 14, 2015, 17:29

JPMorgan Chase & Co , the biggest US bank by assets, reported a 5.2 percent increase in quarterly profit as expenses declined.

JPMorgan to pay over $125 million to settle US credit card debt probes 

Last Updated: Wednesday, July 8, 2015, 10:46

The settlement also includes about $50 million in restitution, the sources said. 

HSBC, JPMorgan may move parts of businesses to Luxembourg: Report

Last Updated: Tuesday, June 16, 2015, 13:00

The banks are also considering the tougher rules imposed by the European Union for conducting business outside of the eurozone, the Times said.

JPMorgan Chase to cut 5,000 jobs: Sources

Last Updated: Friday, May 29, 2015, 10:26

About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016.

Major banks admit guilt in forex probe, fined $6 bn

Last Updated: Wednesday, May 20, 2015, 22:41

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

Last Updated: Wednesday, May 20, 2015, 21:13

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

UBS to pay $545 mn over forex scandal, rivals await fate

Last Updated: Wednesday, May 20, 2015, 17:01

UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.

US demands guilty plea in forex rigging deal: JPMorgan

Last Updated: Friday, May 15, 2015, 09:16

JPMorgan Chase said Thursday that the US Justice Department will require the bank to plead guilty to settle charges it conspired with other banks to rig the foreign exchange market.

Forex rigging settlements now seen next week

Last Updated: Tuesday, May 12, 2015, 23:41

Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.