The U.K. government is considering selling as much as 5 billion pounds ($7.6 billion) of Lloyds Banking Group Plc shares as a first step to reducing its holding in the lender, two people with knowledge of the plan said.
Alcentra Ltd., the money manager owned by the Bank of New York Mellon Corp., hired JPMorgan Chase & Co. for its first European collateralized loan obligation since 2008, according to three people with knowledge of the matter.
JPMorgan Chase & Co. was the top payer among investment banks last year, awarding its senior employees a fifth more than Goldman Sachs Group Inc., according to a report that also highlights a growing divide between firms based in the U.S. and Europe.
Executives facing trial in U.S. courts over accusations of bribing foreign officials may be encouraged to fight charges as prosecutors regroup after two courtroom setbacks and await a verdict in their largest overseas corruption probe targeting individuals.
JPMorgan Chase & Co., the largest U.S. bank, is poised to more than double the value of its investment in London Metal Exchange shares bought seven months ago from the U.K. unit of bankrupt MF Global Holdings Ltd.
JPMorgan Chase & Co. sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale for market-moving wagers at the division responsible for a $6.2 billion trading loss.
JPMorgan Chase & Co. is expected to receive an order from regulators to bolster anti-money laundering systems and examine past transactions, the Wall Street Journal reported, citing people familiar with the matter.