- JPMorgan Chase has agreed to pay $264 million to settle charges that the bank hired relatives of Chinese officials as a way to secure banking business. The settlement is divided among the SEC, Department of Justice and Federal Reserve.
- Another bold and definitive hem and haw from Fed Chair Janet Yellen. The Fed might raise interest rates 'relatively soon.'
- Wunderlich Securities adds three advisers and $500 million, pushing total AUM to $10 billion. Recruiting from RBC, UBS and First Republic.
- Credit Suisse is delisting leveraged/inverse oil exchange-traded notes. Dec. 8 marks the last day of trading.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
JPMorgan settles China hiring charges for $264 million
Plus: The Fed hints yet again, Wunderlich Securities brings in $500M, and Credit Suisse shutters leveraged/inverse oil ETNs
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