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Oil prices 'heading lower this year, to sink further in 2019'Oil prices are heading for a downturn later this year and will sink even lower in 2019 as the fundamentals of supply and demand weaken, said a report. Despite oil prices recently rising to three-and-half year h More… |
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JP Morgan names ME executive directorJP Morgan Private Bank, a commercial and investment banking institution, has appointed Toby Lott as its new executive director and client advisor for the Middle East private banking team. In his new role, Lott will focus primarily More… |
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Bitcoin is money, says US judgeBitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies. U.S. District Judge Alison Nathan in Manhattan rejected More… |
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Top banks in US govt cross-hairs over dealings with 1MDBUS Department of Justice officials have asked Deutsche Bank and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen. US More… |
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JP Morgan names Mena cash equity sales headJP Morgan has hired Shakir Iqbal as head of cash equity sales for the Middle East and North Africa (Mena) and frontier markets, the US bank said on Thursday. Iqbal, previously director of Mena and frontier market equity sales at B More… |
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Alba names financial advisors for Line 6Aluminium Bahrain (Alba), one of the leading aluminium smelters in the world, has appointed JP Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) as the financial advisors for its Line 6 expansion project. Al More… |
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Global banks admit guilt in FX probe, fined $6bnFour major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market. Citigroup In More… |
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5 banks face criminal charges, $5bn bill over FX riggingFive of the world's biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with US and British authorities over rigging of currency markets. It will More… |
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JPMorgan, others to plead guilty to forex riggingThe parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to criminal charges over manipulation of foreign exchange rates, people familiar with the matter said More… |
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StanChart picks ex-JPMorgan executive as CEOStandard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia-focused More… |
