Search Results for: U.S. regulator
RBS rejected Goldman, Deloitte warning over 2008 cash call, lawsuit alleges
November 17th, 2016
Just hours before Royal Bank of Scotland (RBS.L) launched a massive cash call in 2008 to shore up its capital, the bank’s senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege. ...
The UK and China have reached a new fintech agreement
November 16th, 2016
In the latest example of cross-border cooperation between governments on fintech, the UK and China agreed to form a fintech bridge on Thursday, as part of a series of new measures to strengthen economic ties between the countries. The UK already has ...
Broker sentenced in $3 million Ponzi scam
November 16th, 2016
A former Greenville broker accused of stealing from his clients in a long-running Ponzi scam was sentenced Tuesday to two years in a federal penitentiary. Claus C. Foerster, 56, of Spartanburg, defrauded clients of over $3 million while employed as ...
SEC Chair Mary Jo White Announces Departure Plans
November 15th, 2016
SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the ...
VW, Audi Confirm Investigation Into Carbon Dioxide Levels in Some Audi Cars
November 14th, 2016
Volkswagen AG and its Audi AG luxury unit on Saturday confirmed that U.S. and European investigators are looking into fresh irregularities related to carbon dioxide emissions levels in certain Audi automatic-transmission vehicles. Volkswagen said it was in talks with U.S. and European regulators over ...
FXCM Inc. announces Third Quarter 2016 Results
November 8th, 2016
FXCM has issued an announcement to publish Third Quarter 2016 Results. Releases October 2016 Customer Trading Metrics Third Quarter 2016 Highlights: U.S. GAAP net revenues from continuing operations of $61.4 million U.S. GAAP net loss attributable to FXCM Inc. ...
Deutsche Bank Roundup: Where We Are Now
November 7th, 2016
Shares of Deutsche Bank hit record lows last week, as the German lender struggled to come to terms with US regulators over its involvement in the subprime mortgage crisis. Despite receiving a large boost in the final session of ...
Bank fined $215 Million by DFS for violating Anti Money Laundering Laws
November 7th, 2016
DFS Investigation Uncovers Intentional Actions to Obscure U.S. Dollar Clearing Transactions, Including Counterfeit and Falsified Invoices involving China and Russia and Omission of Information Regarding Possible U.S. Dollar Trades with Sanctioned Counterparties Bank Management Silenced and Severely Curtailed the ...
VW Says Its Diesel Cheat Software Is Legal in Europe
November 5th, 2016
It’s the very technology which led it to incur up to $16.5 billion in U.S. settlement costs. Volkswagen said the software allowing its diesel vehicles to evade emissions rules does not violate European law, as the carmaker aims to ...
Asian Stocks Extend Weekly Drop With Oil Below $45; Lira Weakens
November 4th, 2016
Manager’s team said to order unwanted cards for Wachovia staff Leaders ‘intently focused’ on restoring trust after CEO’s exit After Wells Fargo & Co. executive John Sotoodeh handed off more than a hundred branches in Southern California to a ...
