A civil grand jury’s scathing report on the San Francisco’s employee pension system has no legal sway over its investment strategies, according to the former president of the California Grand Jurors’ Association.
JP Morgan provided false information, hiding the real nature of the trades that caused a colossal trading loss at the bank, a group of pension funds have alleged.
A civil grand jury in San Francisco has told the city’s employee pension system to change its investment strategy, assumed rate of return, and transparency policies.
A Louisiana pension fund has claimed in a lawsuit that Simon Property Group directors improperly increased its CEO's compensation without seeking shareholder approval.
In the latest regulatory headache for the UK bank, Barclays has disclosed that the Financial Services Authority is investigating four current and former employees for possible improprieties involved with fundraising in 2008 from a sovereign wealth fund.