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JPMorgan faces whale lawsuit

Beached Whale

JPMorgan must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2bn in the 'London Whale' scandal.

Italian court sentences Eni CEO to prison term

Oil Barrels

An Italian court has sentenced the chief executive of Italian oil and gas group Eni to a prison sentence and a ban from holding public office for violating environmental norms, a court document showed on Monday.



Money Roll

C Suisse said to file suit against UBS over poaching staff

Credit Suisse has filed an arbitration claim with the Financial Industry Regulatory Authority alleging that a unit of UBS unfairly poached staff from its U.S. private-banking business over the past several months, the Wall Street Journal reported, citing a person familiar with the matter.