Search Results for: Department of Justice
Bank parents or main units seen pleading guilty over FX: sources
May 12th, 2015
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter ...
JPMorgan in advanced talks to settle forex investigation
May 6th, 2015
JPMorgan Chase & Co (JPM.N) said on Tuesday it is in “advanced stages” of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading. The company gave the description ...
Flash crash trader to face court again
April 29th, 2015
A UK financial trader accused of contributing to the 2010 Wall Street “flash crash” is due to appear in court again on Wednesday. Navinder Singh Sarao, who first appeared at Westminster Magistrates’ Court last Wednesday when he said he ...
Deutsche Bank agrees to pay fines
April 23rd, 2015
Deutsche Bank has issued a press release to inform that: Deutsche Bank has reached a joint settlement with US and UK regulators over all of their remaining investigations into past submissions for interbank offered rates (IBOR) benchmarks. Read also: Deutsche Bank ...
Deutsche Bank fined £227 million by FCA
April 23rd, 2015
The Financial Conduct Authority (FCA) has handed Deutsche Bank AG (Deutsche Bank) a £227 million ($340 million) fine, its largest ever for LIBOR and EURIBOR-related (collectively known as IBOR) misconduct. The fine is so large because Deutsche Bank also ...
Citibank Seen as Target for Plea in U.S. Currency Case
April 3rd, 2015
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter. Citigroup has countered with an ...
Swiss Private Bank BSI SA Admits Aiding U.S. Tax Cheats, Will Pay $211 Million
March 31st, 2015
In a deal with U.S. prosecutors, Swiss private bank BSI SA agreed today to pay a $211 million penalty and hand over leads on more than 3,000 accounts with U.S. ties, as well as the actual names of an ...
Commerzbank Announcement Regarding Sanctions and Money Laundering Violations
March 16th, 2015
Following the release that Commerzbank nears $1.4 billion-plus settlement with U.S, Commerzbank issued a press release informing that: Commerzbank has reached settlements with the Department of Justice (“DoJ”), the Treasury Department’s Office of Foreign Assets Control, the New York ...
U.S. Hits German Bank with $1.45 Billion in Penalties
March 13th, 2015
The U.S. Department of Justice on Thursday ordered Germany’s Commerzbank bank and its U.S. affiliates to pay $1.45 billion in penalties for violations of U.S. sanctions law and for a multibillion-dollar securities fraud. A department statement said Commerzbank, Germany’s ...
RBS Trader Admits Defrauding Customers in Multimillion Dollar Securities Fraud Scheme
March 12th, 2015
U.S. Attorney Deirdre M. Daly of the District of Connecticut, Special Inspector General Christy Romero for the Troubled Asset Relief Program (SIGTARP) and Special Agent in Charge Patricia M. Ferrick of the FBI’s New Haven Division announced that Matthew ...
