JPMorgan facing $10bn class action lawsuit

Jamie Dimon

A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10bn of mortgage-backed securities it sold before the financial crisis.

Ex-Barclays traders sue over legal fees

Barclays Bike

Three former Barclays traders charged in the U.K. with manipulating Libor sued the bank in a U.S. court claiming it’s obligated to keep paying their legal fees under a law protecting whistle-blowers.

Pimco executives: 'The firm is moving forward'

Bridge Runner

Pimco executives sought to chart their way back into the market's good graces after the high-profile departure of the firm's founder, telling CNBC that a still-formidable roster of talent and an aggressive focus on equities would assure future success.

FX scandal prompts tougher measures from FSB


A panel of global regulators, responding to a manipulation scandal that’s shaken the financial industry, backed measures to make it harder for traders to exploit key benchmarks in the $5.3 trillion-a-day currency market.

EBay, PayPal to split into separate public companies


After spending much of this year explaining why its two businesses are best left together, eBay's board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be split into separately traded public companies by the middle of next year.


Jamie Dimon

Jamie Dimon gave out career advice

Eric Cantor sat in his Washington office in June after one of the biggest upsets in congressional history, getting encouragement from JPMorgan Chase’s Jamie Dimon, head of the largest U.S. bank.