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JPMorgan pressured to reveal $13bn accord complaint

Pen And Book

JPMorgan Chase should turn over a draft complaint used as the firm negotiated a $13bn deal to settle probes of its mortgage-bond sales and identify an employee who cooperated with the U.S. investigation, according to lawyers for a Pennsylvania bank.

US banks could face legal charges of over $100bn

500 Billion

The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's, with the ratings agency estimating billions of dollars in extra litigation fees may hit major lenders.

Serious Fraud Office may investigate RBS

RBS building

The Serious Fraud Office is considering a criminal investigation into allegations of wrongdoing at the Royal Bank of Scotland’s global restructuring group, after claims the lender was forcing small companies out of business.



HSBC HQ London 3

HSBC Q3 pretax profit climbs 32%

HSBC Monday reported a better than expected 32 percent rise in pretax profit for the third quarter, as lower fines and settlements offset a decline in revenue.


Commerzbank CEO won't extend contract

Martin Blessing, who led Commerzbank for seven years, won’t extend his contract when it expires in 2016, becoming the latest CEO to join an unprecedented wave of management changes at Europe’s banks.