Search Results for: law
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
“Bitcoin’s PayPal” : Why the Cryptocurrency Is Not a Good Payment Mechanism
September 30th, 2015
Leading Bitcoin startup BitPay is cutting costs, suggesting that the currency won’t be catching on soon. In 2014, a Bitcoin startup called BitPay raised $30 million from investors and was dubbed the “PayPal of Bitcoin” for helping companies such as Microsoft ...
JPMorgan ordered to face London Whale class action in U.S.
September 30th, 2015
JPMorgan Chase & Co shareholders on Tuesday won court permission to pursue their securities fraud lawsuit against the bank over the “London Whale” trading scandal, which caused a $6.2 billion loss, as a class action. U.S. District Judge George ...
VW Close to Diesel Fix as Sales of Rigged Cars Halted
September 30th, 2015
Sales halted in Spain, Switzerland, Italy and the Netherlands Volkswagen to inform customers soon of plans for repairs Volkswagen AG will start fixing emissions systems that cheated on pollution tests as soon as October, as sales of vehicles with ...
Economic modelling of Brexit implications for legal services sector
September 29th, 2015
The legal services sector would be disproportionately disadvantaged compared to the whole UK economy if the UK were to leave the European Union, according to economic analysis commissioned by the Law Society. Oxford Economics extended their industry-leading Oxford Global Economic ...
Gazprom Responds to EU Charges of Hindering Competition, Unfair Pricing
September 29th, 2015
Russian energy firm proposed a settlement with regulators last week OAO Gazprom on Monday sent its response to European Union charges that the Russian energy firm hindered competition and charged unfair prices in Eastern Europe, arguing the case was ...
Credit Suisse to Pay $4.25 Million and Admits to Providing Deficient “Blue Sheet” Trading Data
September 29th, 2015
The Securities and Exchange Commission today charged Credit Suisse Securities (USA) LLC with submitting deficient information to the agency over a two-year period about trades done by its customers, commonly referred to as “blue sheet data.” Credit Suisse Securities ...
Fourth and final director sentenced in OPI Pacific Finance case
September 28th, 2015
A former director of OPI Pacific Finance, David Mark Anderson, has today been sentenced in the Auckland High Court for misleading investors. Mr Anderson was sentenced to 300 hours community work and ordered to pay AUD $100,000 in reparation ...
India Confirms MAT Exemption For Foreign Firms
September 28th, 2015
The Indian Finance Ministry has announced that the Income Tax Act will shortly be amended to exempt foreign companies with no permanent establishment in the country from the minimum alternate tax (MAT) retrospectively from 2001, in a move likely ...
Document Reveals How Deutsche Bank Fires Traders With a ‘Thank You’
September 28th, 2015
E-mails show discussions on firing traders amid Libor scandal Internal script disclosed in filing to German regulators Deutsche Bank AG traders should be wary of calls that start with a thank you. “Thank you for making yourself available ...
