Search Results for: ESMA
Ex-JPMorgan Broker Gets Five Years for Gambling Funds Away
March 9th, 2016
Oppenheim once had 500 clients, managed almost $90 million Broker racked up losses betting on NFL games, online sports A former JPMorgan Chase & Co. broker who said he stole millions of dollars from customers because his brain was ...
Big U.S. banks to take on tech rivals with instant payments
March 9th, 2016
Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person’s account instantaneously by mobile phone. The idea has been in the works for ...
Tom Hayes Denied Latest Bid to Appeal Libor Conviction
March 9th, 2016
An appeals court on Tuesday denied a request by Tom Hayes, a former trader at Citigroup and UBS, to ask Britain’s highest court to review his conviction in August for conspiring to manipulate a global benchmark interest rate known as Libor. Mr. Hayes, ...
U.S. punishes Chinese tech giant over alleged plan to dodge Iran sanctions
March 8th, 2016
The U.S. government is cracking down on a major Chinese telecom equipment maker over an alleged scheme to dodge sanctions on Iran. The plan by ZTE (ZTCOF) involved setting up several shell companies “to illicitly re-export controlled items to Iran in violation ...
Ex-Goldman Banker to Malaysia Fund Subpoenaed in U.S. Probe
March 8th, 2016
Prosecutors seeking information about state investment fund Outside law firm said helping Goldman review 1MDB dealings A former Goldman Sachs Group Inc. banker has become entangled in a sprawling investigation of the Malaysian state investment fund as U.S. authorities ...
Bank of NY Mellon must face lawsuit over $1.12 billion mortgage loss
March 4th, 2016
Bank of New York Mellon Corp (BK.N) must face a lawsuit seeking to hold it liable for causing $1.12 billion (£790.7 million) of investor losses by failing to properly monitor five trusts backed by toxic residential mortgages, a Manhattan ...
France launches probe into UBS subsidiary over fraud case
March 3rd, 2016
France on Wednesday launched an official investigation into the French subsidiary of Swiss banking giant USB for alleged witness intimidation, a source close to the case told AFP. UBS France is suspected of trying to silence a whistle-blower who ...
Credit Suisse Pulled Into Geneva Fight Over Lost Client Cash
March 2nd, 2016
Russians name bank as a potential target, according to lawyer Ex-manager accused in Geneva of defrauding banks’ clients Credit Suisse Group AG has been dragged into a second criminal complaint brought by two Russian clients who claim that a ...
A Modi Lecture Berating Tax Breaks For Rich Rattles India Funds
February 26th, 2016
In the run-up to India’s annual budget, a speech last month by Prime Minister Narendra Modi has become the focus of this year’s market chatter, unsettling some investors. Many local mutual funds, who bought record Indian stocks in 2015 ...
Banc de Binary Reaches $11 Million Settlement with U.S. Authorities
February 26th, 2016
Company alleged to have illegally signed up U.S. investors to binary options trading platform Banc de Binary Ltd., a financial trading company and a sponsor of Liverpool Football Club, has agreed to an $11 million settlement with U.S. authorities ...
