March 28 (Reuters) – JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, said a lawyer who involved in the trial on Tuesday. The statement is expected to come out in early May, according … Read more
CFTC accuses Binance of ‘deliberate evasion’ of federal law Binance’s compliance was ‘ineffective’ under CEO – CFTC CFTC cites practices first reported by Reuters last year March 27 (Reuters) – The world’s largest crypto exchange Binance and its CEO and founder Changpeng Zhao were charged on Monday by the US Commodity Futures Trading Commission (CFTC) … Read more
ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned acquisition of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s CEO Mark Schneider said on Tuesday. The world’s largest food group was a customer of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown Tuesday evening, … Read more
LONDON, March 27 (Reuters) – Britain’s Prince Harry arrived at London’s High Court on Monday for a hearing against the publisher of the Daily Mail newspaper over alleged wiretaps and other invasions of privacy. Harry, the youngest son of King Charles, has filed a lawsuit against Associated Newspapers along with other famous figures, including singer … Read more
ZURICH, March 26 (Reuters) – Swiss financial regulator FINMA said it was considering disciplinary action against managers at Credit Suisse (CSGN.S) after Switzerland’s second largest bank had to be bailed out by UBS (UBSG) last week .S). FINMA president Marlene Amstad told Swiss newspaper NZZ am Sonntag it was “still open” whether a new procedure … Read more
March 22 (Reuters) – Jane Fraser, CEO of Citigroup Inc (CN), expressed confidence in US banks on Wednesday after a series of closures upset investors and fueled turmoil in global financial markets. “The banking system is pretty healthy,” and major and regional banks are well capitalized, Fraser told the Economic Club of Washington DC on … Read more
March 21 (Reuters) – SVB Financial Group (SIVB.O) said on Tuesday that the US Federal Deposit Insurance Corporation had taken “improper actions” to close it off from cash held at its former subsidiary Silicon Valley Bank, which has been banned by regulators seized to stop a run on the national bank. SVB Financial made the … Read more
CARACAS, March 20 (Reuters) – Venezuela’s President Nicolas Maduro on Monday accepted the resignation of the country’s powerful oil minister following the detention of at least six senior officials amid a corruption probe targeting state-owned PDVSA and the judiciary power. Tareck El Aissami had said on Twitter earlier Monday that he would step down to … Read more
March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand joins talks as Swiss officials try to broker a deal for UBS Group (UBSG.S) to acquire Credit Suisse Group AG (CSGN.S) take), Bloomberg News reported on Saturday, citing unidentified sources. When asked about the report, BlackRock spokesman Ryan O’Keeffe said in a telephone interview … Read more