The European Union’s antitrust probe into credit derivatives trading by 13 of the world’s biggest banks stalled after the lenders’ lawyers won the right to see confidential information compiled by investigators.
JPMorgan Chase & Co. said that the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
Kimberly Mounts, named a hedge fund “rising star” by Institutional Investor magazine in 2012 for her stewardship of MAP Alternative Asset Management Co. in Newport Beach, California, has died. She was 48.
JPMorgan Chase & Co.’s advantage over its Wall Street peers is fading in the eyes of credit- derivatives traders as fines and regulator probes hobble profits while firms from Citigroup Inc. to Morgan Stanley rebound.