JPMorgan Chase Agrees to Pay $250 Million over Deficient Risk Management Practices

JPMorgan has agreed to pay a $250 million civil money penalty after failing to “maintain adequate internal controls and internal audit” over its asset and wealth management division, the New York-based banking giant said on Tuesday.

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EU Antitrust Watchdog Files Charges Against Amazon Over Unfair Use of Data

EU competition commissioner Margrethe Vestager announced on Tuesday the fresh round of antitrust charges filed against e-commerce giant Amazon due to its alleged unfair usage of data which jeopardized competition for its platform’s small sellers in Germany and France.

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US Regulator is Watching Tesla’s Release of New “Self-Driving Software”

The United States auto safety regulator announced on Thursday afternoon it was closely watching Tesla’s release of a software version intended to allow its vehicles to drive for themselves, pointing out it stood ready to protect the public against safety risks.

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Hong Kong Fines Goldman Sachs $350 Million over 1Malaysia Development Berhad Bribery Scandal

Hong Kong’s financial watchdog fined the Asian unit of Goldman Sachs Group Inc. $350 million for its involvement in the state fund 1Malaysia Development Berhad bribery scandal, the regulator said on Thursday.

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