LONDON/TORONTO/FRANKFURT: Swiss wealth giant UBS opened accounts for Ghislaine Maxwell in 2014 just months after JPMorgan Chase decided to end its relationship with Jeffrey Epstein and helped her manage as much as $19 million in the years leading to her sex-trafficking conviction, documents show. The documents, part of a cache released by the U.S. Justice […]
In early December, a long-delayed deal hung over a call between JPMorgan Chase Chief Executive Jamie Dimon and Goldman Sachs CEO David Solomon. Representational illustration. Executives at the two banks had been negotiating for months on trading the massive Apple credit-card program and its roughly $20 billion in balances, but the talks had stalled. Privately, […]
Some of Wall Street’s biggest banks have opted out of advising on a planned $1.4 billion initial public offering of India’s SBI Funds Management Ltd. because of low fees, according to people familiar with the matter. SBI Funds IPO offered fees of about 0.01% of the issue size, which bankers called rock bottom, after some […]