(Reuters) - JPMorgan Chase expects to enter into a resolution with a third U.S. regulator that will require it to pay a civil penalty of $100 million for reporting incomplete trading data to surveillance platforms, it disclosed in a regulatory filing on Wednesday.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Pooja Desai)
(Bloomberg) -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
HOUSTON (Reuters) -Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed. Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of Access Western Blend (AWB) for delivery to China, ship tracking data on Kpler showed. Trans Mountain said it expects to load the first vessel with oil from the expanded pipeline later this month.
The rule is the first major update to national standards for gas furnaces in four decades.
Retirement should be a time of rest, relaxation, and enjoyment. It shouldn't be a time to worry about your finances. If you're looking for the former, proper and proactive retirement planning from a...
Claiming they destroyed his career to score political points after he was accused of having an inappropriate relationship with a subordinate, Lt.-Gen. Steven Whelan is suing his accuser, the federal government, Canada's top soldier and other military officials for $10 million in damages. Military prosecutors withdrew the service offence charges against Whelan last year. He was accused by military prosecutors of giving a female military member a better score on her performance evaluation report i
(Bloomberg) -- China could unleash tariffs as high as 25% on imported cars with large engines, according to one lobby group, as trade tensions ramp up between the world’s No. 2 economy and the US and European Union.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay Package‘I Don’t Want to Save Penn’: Alumni Break Over Univers
Cloud Light Technology, a maker of optical modules based out of the government-backed incubator Hong Kong Science and Technology Parks (HKSTP), anticipates a steady 50 per cent annual growth rate after its acquisition by a US company owing to the artificial intelligence (AI) boom that is boosting data centre demand. The 6-year-old start-up is a manufacturer of fibre-optic transceivers, a device used in data centres to transmit data over fibre optic cables. The company was acquired last November
If you're nearing retirement age or freshly retired, it's critical to understand how to manage your financial life, and how it differs from when you were making a salary. For You: 7 Bills You Never...
The famous seafood chain lost $11m on a disastrous ‘endless shrimp’ deal. But bankruptcy documents and former employees suggest that was only a symptom of deeper problems
“We receive customer service inquiries every day of people who have placed orders on these fraudulent websites and then they're reaching out to the phone number that was listed, which happens to be ours, wondering where their products are.” said Rob Jacobson.
OTTAWA — The Federal Court has certified another class-action lawsuit against the Canadian Armed Forces filed by a man who says he faced discrimination and stigmatization because of his mental health. Dan Thomas will represent plaintiffs who allege their mental-health conditions worsened during their military service as a result of stigmatization. Thomas's statement of claim says he was physically injured during his army service and then diagnosed with PTSD and depression. After being discharged
(Bloomberg) -- Jamie Dimon has long joked that his retirement is five years away, no matter when he’s asked. But not on Monday. Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksFlorida’s 125% Surge in Property-Insurance Bills Sows HavocThe chief executive officer of JPMorgan C
Goalposting can be stressful, disheartening and leave you questioning — so what are the signs and is there anything you can do?
Italian Foreign Minister Antonio Tajani expressed concern at a meeting on Monday about a Russian court's decision to seize securities, accounts and property amounting to 5% of bank UniCredit's assets in the country. The meeting brought together representatives from UniCredit and various Italian ministries, as well as of Italian companies with operations in Russia. "We want to safeguard in every possible way the interests of our companies still operating in Russia," Tajani said in a statement.
For many retirees, the dream of kicking back and enjoying their golden years doesn't always live up to the hype. After time away from the nine-to-five grind, sometimes people find themselves yearning...
QUEBEC — A retired judge mandated by the Vatican to investigate sexual misconduct allegations against a Quebec cardinal says that despite the complainant refusing to collaborate with the probe, he could find no evidence tying the senior church leader to the alleged crimes. Retired Quebec Superior Court judge André Denis says that while his investigation doesn't exonerate Cardinal Gérald Lacroix, archbishop of Quebec City, it hasn't uncovered evidence to justify a canonical trial. “The elements g
Three senior JPMorgan executives are seen as the top candidates when CEO Jamie Dimon eventually steps down.
Perks of a role can make or break it.
Finland's Market Court has rejected German gun maker Heckler & Koch's complaint over the Finnish government's direct arms purchase from a local manufacturer, according to a ruling on Tuesday. The German company had accused Finland of breaching competition rules with a ten-year agreement, made jointly with Sweden, to buy assault rifles and other handguns from the Finnish arms maker Sako Ltd, owned by Italy's Beretta. Finland, which shares a long border with Russia, had argued that a direct purchase from a local gun manufacturer was key to the Nordic country's security of supply.
Investing.com-- Oil prices settled lower Tuesday as investors awaited fresh updates on weekly crude inventories amid ongoing worries about the impact of higher for longer U.S. interest rates on oil demand and uncertainty in the Middle East.
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