Finance
Jamie Dimon ventures beyond Wall Street to have a say in Washington
WASHINGTON/NEW YORK JPMorgan Chase & Co Chief Executive Jamie Dimon is starting to look like Corporate America's shadow president.
JPMorgan creates joint venture for retail, internet banking: memo
Merger and acquisition dealmakers make their livings advising companies on mergers, sales and spinoffs. But this time, investment bankers at JPMorgan Chase & Co are working on an internal deal of their own.
Wells Fargo whistleblower lawsuit is revived by U.S. appeals court
NEW YORK Wells Fargo & Co faces a new legal worry after a federal appeals court on Thursday revived a whistleblower lawsuit by two former employees who said they were fired for trying to report misconduct by lenders that the bank later absorbed.
Banking group Nordea snubs Sweden with HQ move to Finland
STOCKHOLM The Nordic region's biggest bank, Nordea , said on Wednesday it would move its headquarters to Finland, dealing a blow to Stockholm's bid to become a financial hub.
HSBC begins payouts to some of small UK firms whose accounts it froze
LONDON HSBC has offered compensation to at least two of the small British businesses caught up unintentionally in a crackdown on illicit money, seeking to limit the damage from an operation that has been criticized by lawmakers and industry.
UBS agrees to scoop up some HSBC clients in Latin America
ZURICH HSBC has reached an agreement to refer some of its Latin American private banking clients, primarily in Central America and the Andean region, to Switzerland's UBS, according to an internal memo seen by Reuters.
Bell Pottinger, dumped by clients and peers, sees shareholder walk over South Africa campaign
LONDON PR agency Bell Pottinger lost its contract with banking giant HSBC and saw its second-biggest shareholder walk away on Tuesday after it was thrown out of an industry body for running a racially-charged campaign in South Africa.
HKEX CEO says talks to win Saudi Aramco listing "will never stop"
HONG KONG Hong Kong Exchanges & Clearing Ltd (HKEX) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday.
Dudley broke code of conduct in Wells disclosure misstep: NY Fed
NEW YORK William Dudley, a tough-talking U.S. regulator who heads the Federal Reserve Bank of New York, violated a code of conduct by failing to disclose that his half-sister worked at Wells Fargo & Co , according to an investigation into potential conflicts of interest.
Nine years on, another Lehman Brothers bankruptcy
WILMINGTON, Del Two affiliates of Lehman Brothers, the U.S. investment bank that collapsed in 2008 and fueled an economic crisis, filed for Chapter 11 bankruptcy late on Thursday, a reminder of the complexity of unwinding a global financial institution.
