Search Results for: Jersey
Ford, IBM win dismissal of 12-year lawsuit over apartheid abuses
August 29th, 2014
A Manhattan federal judge has dismissed a 12-year-old lawsuit accusing Ford Motor Co (F.N) and IBM Corp (IBM.N) of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts. U.S. ...
PwC must face $1 billion lawsuit over MF Global advice
August 28th, 2014
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion (603 million pounds)lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by ...
Brevan’s Ex-Star Trader Contesting Non-Compete Restriction
August 27th, 2014
Chris Rokos Claims 5-Year Hedge Fund Restriction is “Contrary to the Public Interest” Former Brevan Howard Asset Management LLP star trader Chris Rokos, who is contesting a noncompete restriction with the hedge fund, twice made more than $1 billion ...
ADCB launches commercial offshore banking products
August 18th, 2014
Abu Dhabi Commercial Bank (ADCB) announced today the launch of commercial offshore banking products through its Jersey branch. Eligible ADCB wholesale banking clients will now have the option to diversify and preserve their resources with full flexibility and control. ...
Bank of America, U.S. near record $17B settlement
August 7th, 2014
The Department of Justice and Bank of America have reached a record settlement in principle in which the bank will pay just under $17 billion to resolve allegations related to fraudulent marketing of mortgage-backed securities that helped cause the ...
S&P 500 index reports worst downfall since April; indexes down for July
August 1st, 2014
The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. Data ...
StubHub Defrauded Of $1.6M Worth Of Tickets; 7 People Arrested Worldwide
July 24th, 2014
Seven people linked to an international cybercrime ring were arrested for defrauding online-ticketing company StubHub of about $1.6 million. The operation, which involved police forces from several countries, was tracking the cyber thieves for hacking into the online accounts ...
Mt. Gox Creditors’ Meeting Delivers Few Answers and One Apology
July 23rd, 2014
Today’s long-anticipated meeting between Mt. Gox bankruptcy trustee Nobuaki Kobayashi and creditors from the defunct exchange provided several revelations, but left many more questions unanswered. At the Tokyo meeting Kobayashi disclosed he would consider distributing the exchange’s remaining funds ...
IA ANALYSIS: FATCA is stranger than fiction
July 22nd, 2014
FATCA was implemented worldwide at the beginning of this month, but the impact (and costs) are only now just beginning to filter through to the financial services community. Part of the US Hiring Incentives to Restore Employment Act (HIRE), ...
SEC targets 10 firms in high frequency trading probe – SEC document
July 18th, 2014
The U.S. Securities and Exchange Commission (SEC) has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters. The regulator told its ...
