US 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.
JP 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
Aluminium 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.
Four 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.
Five 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.
The 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
Standard 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.
Global manufacturing activity expanded at its weakest pace in more than a year at the end of 2014, even though factories cut their prices at the steepest rate for nine months, a business survey showed on Friday.
JP Morgan has hired Fahad Al Deweesh as head of its investment banking coverage in Saudi Arabia at a time when the kingdom is in the process of opening its markets to foreign investors, and by extension to the international banks that service th