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JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures

By Sarah N. Lynch WASHINGTON (Reuters) – JP Morgan Chase will pay $307 million settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said Friday. The Securities and Exchange Commission said that two of the bank's …

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JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures

manhattan

Barclays fined for lax crime checks in ‘deal of century’

By Steve Slater and Huw Jones LONDON (Reuters) – Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the “deal of the century.” Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich clients deemed by the regulator to be politically exposed persons (PEPs), or people holding prominent positions that could be open to financial abuse. “Barclays did not follow …

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Barclays fined for lax crime checks in ‘deal of century’

manhattan

Any doubts over about December Fed hike may be swept away

By Jonathan Cable LONDON (Reuters) – Inflation numbers from the United States on Tuesday could be the provider of the final domino in the Federal Reserve's track to raise interest rates next month. Earlier in November a robust report on U.S. employment hardened expectations for the Fed's first rate increase in nearly a decade and if prices are shown to be rising steadily those views will likely solidify. Minutes from the Fed's October meeting will also be published, giving an insight into the Committee's decision…

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Any doubts over about December Fed hike may be swept away

manhattan

Exclusive: Commodity trader Cargill restructures, cuts jobs – sources

By Sarah McFarlane LONDON (Reuters) – Cargill Inc [CARG.UL], one of the world's largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said on Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the industry sources said. The cutbacks at the Minnesota-based company come as global agricultural companies are under pressure from slumping commodity prices…

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Exclusive: Commodity trader Cargill restructures, cuts jobs – sources

manhattan

Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

Pfizer Inc's buyout bid for Allergan Plc has financial markets on edge over a possible new move by the U.S. Treasury Department against tax-inversion deals, but the outlook for any such

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

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