Reuters - Goldman, Deutsche Bank, JPMorgan News

Goldman Sachs has won the dismissal of a $510 million lawsuit in New York by a private equity firm that accused the Wall Street bank of shortchanging it in a merger to curry favor with Malaysia’s prime minister.

Reuters reports that in a decision made public on Friday, Justice O. Peter Sherwood of a state court in Manhattan said the lawsuit by Primus Pacific Partners LP “had no substantial nexus with New York,” and should be heard in another forum.

In the meantime, the news agency also reports that Germany’s financial watchdog will take no action after ending an investigation into whether China’s HNA and Qatar’s royal family were working together on their investments in Deutsche Bank, a person familiar with the matter said.

BaFin had been looking into whether the two largest investors in Germany’s largest bank, which each own stakes of just under 10 percent, were “acting in concert”, which would have violated securities laws, the source told Reuters on condition of anonymity.

Finally, Reuters reports that Swiss financial markets authority FINMA has found that the Swiss subsidiary of U.S. investment bank JPMorgan broke anti-money laundering rules, a Swiss court document showed.

FINMA ruled on June 30 that JPMorgan Switzerland had “seriously infringed” regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on Thursday.

Goldman wins dismissal of lawsuit in U.S. over Malaysia ties

German watchdog drops inquiry into HNA, Qatar over Deutsche Bank - source

Swiss regulator finds JPMorgan broke money-laundering rules

 

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts