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LONDON: Deutsche Bank AG’s negotiations with the US Justice Department to resolve a years-long investigation into the lender’s handling of mortgage-backed securities are continuing, according to people familiar with the matter.
NEW YORK: A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Seri Abdul Wahid Omar has been appointed a Minister in the Prime Minister's Department.
NEW YORK: The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial crisis, according to people familiar with the matter.
KUALA LUMPUR: Malaysia's retail industry recorded a dismal growth of 1.9% in the the third quarter ended Sept 30, 2016 from a year ago as the department store sub-sector reporting disappointing sales.
Bursa Malaysia established an Islamic capital market (ICM) department on June 1 to support the growth of Malaysia's ICM.
SEOUL: South Korea's department store sales in September rose at the fastest pace in 11 months, trade ministry data showed on Sunday, as demand rose ahead of the annual Chuseok holiday.
The Anti-Corruption Agency is collecting vital documents pertaining to the supply of equipment to the police logistics department worth RM100mil before it starts a full investigation.