Search Results for: Justice Department
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 ...
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 ...
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 ...
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
HSBC share price closes 4.6 per cent lower after full-year profits tank due to “challenging year”
February 24th, 2015
HSBC ended the day with its shares at 577p, 4.6 per cent lower than Friday’s closing price. Having announced that profits fell 17 per cent during 2014, it admitted its US arm had also been subpoenaed by the US Commodity ...
HSBC whistleblower spills Lynch evidence to Senate
February 19th, 2015
Massive drug, terrorism scandal ropes in Obama’s AG nominee The Senate Judiciary Committee on Wednesday conducted a two-hour session with HSBC whistleblower John Cruz in its investigation of attorney general nominee Loretta Lynch’s role in the Obama administration’s decision ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
