Neil Weinberg is American Banker�s editor in chief. Neil came to the American Banker in May 2011 after 18 years at Forbes Media, where he was a reporter, Japan bureau chief, senior editor and executive editor in charge of Money & Investing coverage for Forbes magazine and Forbes.com. Neil was awarded the Overseas Press Club's 2006 award for the best business story in a magazine and is co-author of Stolen Without A Gun: Confessions from inside history's biggest accounting fraud � the collapse of MCI Worldcom. He is based in New York.
JPMorgan Chase will pay more than $300 million to settle U.S. allegations that it didnt properly inform clients about reported conflicts of interest in how it managed customers money over a half decade.
The SEC furthered its investigation into whether senior asset-management executives at JPMorgan Chase developed a policy of improperly steering clients into investments for the firms own financial gain.