Search Results for: UBS
Deutsche Bank Reaches $7.2 Billion Settlement Over Toxic Securities
December 23rd, 2016
The Obama administration scrambled to resolve its remaining crisis-era megabank mortgage cases, striking a $7.2 billion settlement Thursday with Deutsche Bank AG over toxic securities while separately filing a lawsuit against Barclays PLC alleging more than $30 billion in ...
Bitcoin passes the $800 mark
December 22nd, 2016
The digital currency bitcoin has passed the $800 value for the first time since February 2014. Bitcoin crossed the threshold around 11:40pm GMT and is currently trading around $815. Charles Hayter, chief executive and founder of digital currency comparison ...
Nokia has sued Apple in Europe and the US for infringing on its technology patents
December 22nd, 2016
Nokia announced today it has sued Apple for violating 32 technology patents. The Finland-based technology company filed lawsuits against the iPhone maker in courts in Dusseldorf, Mannheim and Munich, Germany and the US District Court for the Eastern District ...
Individual and his company charged in a commodity futures and Forex Ponzi-Style Scheme
December 21st, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the District of Arizona, charging Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona, with engaging ...
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
VW strikes another US emissions scandal deal
December 21st, 2016
Volkswagen has struck a deal with the US authorities over some 80,000 VW, Audi and Porsche cars with 3-litre diesel engines. The agreement is another step towards allowing the German car maker to put the emissions cheating scandal behind ...
Trader and a trading company ordered to pay $2.5 Million Penalty
December 21st, 2016
Federal Court Orders Chicago Trader Igor B. Oystacher and 3Red Trading LLC to Pay $2.5 Million Penalty for Spoofing and Employment of a Manipulative and Deceptive Device, while Trading Futures Contracts on Multiple Futures Exchanges The Court’s Order Finds ...
Moscow Exchange Group’s reorganisation completed
December 20th, 2016
On 19 December 2016, Moscow Exchange Group completed an internal reorganization in which CJSC MICEX Stock Exchange and MB Techonologies, wholly-owned subsidiaries of Moscow Exchange, were merged with the parent company. Accordingly, MICEX Stock Exchange and MB Techonologies have ...
Lloyds Banking Group paying £1.9bn for MBNA credit card business
December 20th, 2016
Lloyds Banking Group has beaten other bidders to buy MBNA, one of the UK’s biggest credit card issuers, for £1.9bn. The sale, by Bank of America, had attracted interest from the likes of Santander UK and HSBC but the ...
Hong Kong to Start 2017 Disruption With Fintech Festival
December 20th, 2016
The first fintech event of 2017 will see 24 startups from across the globe heading to Hong Kong as part of the week long StartmeupHK Festival. 2017 is expected to be another year of disruption with more financial technology ...
