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JPMorgan wins dismissal of London Whale suit

Beached Whale

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.

Citi could face trouble over emails


A U.S. Justice Department criminal investigation into money-laundering controls at Citigroup’s Banamex USA unit has uncovered potential violations serious enough to merit a fine under the Bank Secrecy Act, according to people familiar with the probe.




Ex-banker to help authorities over FIFA probes

U.S. authorities investigating corruption in world soccer have gained the cooperation of a Swiss banker, according to people familiar with the matter, leading their probe closer to financial institutions that prosecutors have said were used to move bribe money.