Acquisition is part of Standard Chartered's expansion of its private banking business in India.

A U.S. investment fund files a complaint accusing the company of hiding risk of nationalization prior to its public offering in March 2011.

Cuts coming in its institutional securities business, with half in the U.S.

Morgan Stanley was fined $5 million for allegations that its research analysts were influenced by underwriters when releasing reports and buy/sell recommendations for the social media company. This was not the first time an investment bank has been fined for its involvement in Facebook's IPO. Citigroup was fined $2 million in October for leaking confidential information about the public offering.

Morgan Stanley was fined $5 million for allegations that its research analysts were influenced by underwriters when releasing reports and buy/sell recommendations for the social media company.