Banks did not do enough to police FIFA transactions, says global agency
Banks did not do enough to police FIFA transactions, says global agency

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer’s global governing body FIFA, and cautioned banks to step up scrutiny.

US prosecutor Preet Bharara`s office recovers nearly USD 4 billion since Jan 2013

Indian-origin US prosecutor Preet Bharara`s office has recovered nearly USD four billion from criminal and civil cases since January 2013, including significant forfeitures from JPMorgan Chase, SAC Capital Advisors and jailed hedge fund founder Raj Rajaratnam.

JPMorgan reports big jump in profits

Banking giant JP Morgan Chase reported on Friday a big jump in net profit to 3.27 billion dollars in the fourth quarter of 2009, highlighting renewed health in the troubled sector.