Lawyers

• Contract Management System Will Be Able to Cut Short The Legal Team Working Hours

  The two new machine learning systems will be able to evaluate and manage contract that normally requires thousand of working hours by the legal team.

• J.P. Morgan Chase Pays $55M Worth of Settlement For Client Discrimination

  J.P. Morgan Chase pays a $55 Million settlement on charges of about 53,000 counts of discrimination againts minority loan borrowers.

• More energy firms to go bankrupt, while JP Morgan says banks will cut their credit lines

  Banking giant JP Morgan warns that more financial instituitons will cut their credit lines to energy firms by 15-20%. The oil and gas industries are in turmoil with more than 100 bankruptices forecasted.

• Russia to sell $3 billion worth of bonds; Legal complications seen

  Over the past year, the new market is looking for new sovereign debts to replensih the emrging market funds. This year, Russia is selling its $3 billion worth of bonds but experts are cocern that it will have some legal complications.

• Legal issues could be resolved for Federal Reserve to set negative interest rates, Janet Yellen says

  Federal Reserve Chairwoman Janet Yellen said it is possible to set negative interest rates after some legal issues were resolved. Setting negative interest rates were adopted by economies to stimulate market movement.

• Hired-gun hacking played key role in JPMorgan, Fidelity breaches

  When U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed, they also provided an unusual look into the burgeoning industry of criminal hackers for hire.

• EU watchdog to examine GE's $14 billion Alstom deal more closely

  General Electric's (GE.N) 12.4 billion euro ($14.1 billion) bid for Alstom's (ALSO.PA) power equipment business could lead to price rises, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal, increasing pressure on the U.S. conglomerate to offer concessions.

• U.S. fines Wells Fargo, JPMorgan over 'illegal mortgage kickbacks'

  U.S. and state regulators ordered Wells Fargo (WFC.N) and JPMorgan Chase (JPM.N) to collectively pay $35.7 million on Thursday to settle charges that they participated in an illegal marketing kickback scheme with a now-defunct title company.