An ex-president of Qualcomm Inc.’s global business operations was charged with taking part in an insider-trading scheme involving shares of the mobile-phone chipmaker as well as those of a company Qualcomm bought in 2011.
JPMorgan Chase & Co. is poised to pay about $900 million to settle U.S. and U.K. claims that lax internal controls led the bank to provide inaccurate information about last year’s record trading loss to the board, investors and regulators, people with knowledge of the matter said.
JPMorgan Chase & Co. may settle regulators’ probes into the bank’s credit-card debt collection practices and sales of identity-theft products as early as next week, according to two people with knowledge of the matter.
Harry Dean Canady will learn next month whether he’ll spend the rest of his life in prison for cheating taxpayers of more than $1 million and threatening to kill the U.S. agents who brought him to justice.
U.S. stocks fell, halting a seven- day win streak for the Standard & Poor’s 500 Index, as materials producers slid amid growing concern over Syria and investors weighed the prospects for Federal Reserve stimulus cuts.
Public confidence in U.K. banks is no higher than in the aftermath of the global financial crisis in 2009, with only 19 percent of Britons saying they are well managed, according to the British Social Attitudes Report.