Search Results for: U.S. regulator
Alibaba Eyeing Buyout Bid with Groupon Investment?
February 16th, 2016
Bottom line: Alibaba is likely to enter talks to buy a strategic stake in Groupon or even make a bid for the entire company, following its disclosure that it has purchased 5.6% of the U.S. company in the open ...
Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging
February 16th, 2016
Citigroup, HSBC are among firms targeted by regulators, according to people close to the probe American banks have so far escaped the billions of dollars in fines that have been levied by U.S. and British regulators leading a global ...
Google Grilling: Search Giant Faces More Questions Over Tax Deal With UK Government
February 11th, 2016
Earlier this month Alphabet, the parent company of Google, granted Google CEO Sundar Pichai almost $200 million in stock options. That sum, generous by any measure, is greater than the $185 million Google agreed to pay a week earlier to settle British tax issues covering the past ...
Cross-border business with US clients: FINMA announces conclusion of proceedings against Bank Julius Baer
February 10th, 2016
Cross-border business with US clients: FINMA announces conclusion of proceedings against Bank Julius Baer Between 2010 and 2011, the Swiss Financial Market Supervisory Authority FINMA conducted enforcement proceedings against Bank Julius Baer & Co. Ltd. in relation to the ...
Deutsche Bank Shares Drop Again as European Banks Get Pummeled
February 9th, 2016
Investors are concerned about ability to navigate volatile markets Deutsche Bank AG’s shares dropped almost 10% on Monday as the battered European banking sector was hit by a fresh selloff amid investor concerns about lenders’ capital buffers and ability to ...
OFX previously known as OzForex says talks to be acquired by Western Union fail, shares slump
February 8th, 2016
Australia’s OzForex Group Ltd said it has terminated talks to be acquired by Western Union after the U.S. money wiring giant failed to submit a binding proposal, sending its shares tumbling nearly 40 percent to an all-time low. The ...
INVESTOR GROUP TO ACQUIRE CHICAGO STOCK EXCHANGE
February 8th, 2016
The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the “Casin Group”). The Board of Directors of ...
VW faces tougher Justice Department while GM and Toyota settled criminal charges without pleading guilty
February 8th, 2016
Government making `big deal’ of company’s emissions cheating GM, Toyota settled criminal charges without pleading guilty No one has died from the emissions-cheating software Volkswagen AG has admitted it installed in some of its cars, yet the U.S. Justice ...
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
Federal Court fined individual for Forex Fraud
February 5th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that Federal Court in Florida Orders Restitution, a Civil Monetary Penalty, and Permanent Injunction against Robert Tripode for Engaging in Fraud in Connection with Forex. The ...
