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Onexim Group and Renaissance Group Agree On Sale

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Onexim Group and Renaissance Group announced today that they have agreed a series of transactions whereby Onexim Group will purchase Renaissance Group’s stakes in Renaissance Capital Investments Limited (“RCIL”), Renaissance Capital Limited (“RCL”) and Renaissance Capital International Services Limited (“RCISL”) for an undisclosed amount.

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JPMorgan wins dismissal of London Whale suit

JPMorgan officials including CEO Jamie Dimon do not have to face a shareholder lawsuit claiming they failed to properly investigate the 'London Whale' trading scandal that caused $6.2bn in losses, a federal appeals court ruled on Tuesday.