Federal probe ordered into bribery allegations over JPMorgan Chase, another legal headache for the company


  A federal bribery investigation has been ordered to look into the allegations leveled against JPMorgan Chase & Co. that it has hired the children of top Chinese officials to win business. The case comes as another addition to the series of legal and regulatory headaches faced by the Chief Executive Jamie Dimon. Although DimonContinue reading “Federal probe ordered into bribery allegations over JPMorgan Chase, another legal headache for the company”

Jobless claims hit another 5-year low in US, positive sign for the economy


Jobless claims in US have fallen to another five-year low previous week, given out a positive signal that layoffs are back to pre-recession figures. As many as 323,000 people filed for their first-week of unemployment benefits last week according to the Labor Department. It’s the lowest level in any single week since January 2008, andContinue reading “Jobless claims hit another 5-year low in US, positive sign for the economy”