Search Results for: US authorities
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 ...
RBS Plummets as Bank Pushes Out Dividend After Annual Losses
February 26th, 2016
Bank says payouts likely later than first quarter of 2017 Misconduct charges drove 1.98 billion-pound annual loss Royal Bank of Scotland Group Plc said it would take longer than originally planned to resume shareholder payouts after reporting its eighth ...
Vgenopoulos: there’s no point in Cyprus continuing to investigate me
February 25th, 2016
There are no ongoing investigations in Greece into allegations of wrongdoing by former Laiki Bank strongman Andreas Vgenopoulos, and such investigations in Cyprus have no point, the embattled financier said on Wednesday. In a statement, Vgenopoulos commented on an ...
Pimco’s $12 Billion Standoff Over Austria Bad Bank
February 17th, 2016
Filings show bond funds bought distressed debt in 2014 German banks have biggest incentive to take Hypo Alpe offer As the health of banks roils markets anew, the last financial crisis is still playing out in Austria, with Pacific Investment Management ...
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 ...
The five fears stalking the global banking industry
February 10th, 2016
China, emerging markets, the eurozone, oil and commodities all pose a threat to the banking sector this year Banking shares have come under pressure this week as investors express fears that the sector will be badly hit by a global ...
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 ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
EU Commission and United States agree on new framework for transatlantic data flows: EU-US Privacy Shield
February 3rd, 2016
The College of Commissioners approved the political agreement reached and has mandated Vice-President Ansip and Commissioner Jourová to prepare the necessary steps to put in place the new arrangement. This new framework will protect the fundamental rights of Europeans ...
Tullett Prebon informs regarding proposed acquisition of ICAP’s global hybrid voice broking and information business
February 3rd, 2016
Tullett Prebon has issued an announcement to inform regarding proposed acquisition of ICAP’s global hybrid voice broking and information business. According to the company’s announcement: Further to the announcement regarding the proposed acquisition by Tullett Prebon of ICAP’s global ...
