Ina Drew Steps Down after Billionaire Loss

According to the Wall Street firm, JPMorgan executive, Ina Drew responsible for the London-based division made a trading mistake of two billion dollars, now she will resign after more than 30 years of service. The bank’s co-chief of global fixed income in its investment bank,...

U.S. Files Millionaire Lawsuit Against Bank Institutions

Yesterday, the Federal Housing Agency (FHFA) filed a multimillion lawsuit that accuses Bank of America, JPMorgan Chase, Deutsche Bank, HSBC, Barclays, Citigroup, Nomura and other large financial groups of the loss of 41,000 million dollars to the two public lenders Freddie Mac...