Bloomberg JPMorgan Chase & Co. says it’s probing the role of some employees who may have enabled misuse of Covid-relief funds in what it calls potentially illegal activities. The New York-based bank said it has seen “instances of customers misusing Paycheck Protection Program Loans, unemployment benefits and other government programs” and that some “employees have fallen short, too,” according to ...

Bloomberg The Philippine central bank will begin selling its own securities next week, a new instrument that it said will become its main tool to control liquidity in the financial system. Bangko Sentral ng Pilipinas (BSP) will offer 20 billion pesos ($411 million) of 28-day bills on September 18, Governor Benjamin Diokno said on Twitter on Wednesday. “The BSP securities, ...

Bloomberg India’s anti-money laundering agency fined Standard Chartered Plc $13.6 million for breaking foreign exchange rules when it worked on the takeover of a local bank, marking one of the country’s biggest penalties imposed on an overseas lender. An eight-year probe found that Standard Chartered violated the so-called foreign exchange management act — which monitors offshore financial transactions — when ...