JPMorgan Chase will pay the Malaysian government $330 million as part of a settlement to resolve all matters related to its ...

JPMorgan JPM has agreed to pay $330 million to settle ongoing and potential claims associated with the 1MDB sovereign wealth ...

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated ...

A Malaysia-based sovereign wealth fund, 1MDB was established by the Malaysian government to drive strategic initiatives for the country’s long-term economic development. Headquartered in Kuala Lumpur, ...

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian ...

The scandal surrounding One Malaysia Development Berhad – or 1MDB – tore Malaysia’s financial system to its core and reverberated in financial markets around the world for a decade ...

The bulk has been channelled to finance debt repayments and fulfil the the state investment fund’s commitments. Read more at ...

Switzerland’s attorney general also fined JPMorgan Suisse 3 million Swiss francs over its role in the 1MDB case ...

JPMorgan Chase will pay the Malaysian government US$330 million as part of a settlement to resolve all matters related to its ...