Search Results for: US authorities
BNP Paribas hires ex-U.S.Treasury official for compliance job
September 19th, 2014
BNP Paribas (BNPP.PA) has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over ...
Wall Street execs being investigated
September 18th, 2014
Citing Wall Street’s “troubling return” to risky conduct that preceded the 2008 financial collapse, Attorney General Eric Holder said Wednesday that federal authorities are poised to file criminal charges against an undisclosed number of individuals at various financial institutions. ...
ASIC and MAS sign a Memorandum of Understanding
September 17th, 2014
The Australian regulator, ASIC, and the Monetary Authority of Singapore (MAS) have sign a Memorandum of Understanding (MOU) to allow trade repositories licensed in one jurisdiction to provide relevant data to the authority in the other jurisdiction. Through this ...
Investment Program supported by European Finance Officials
September 15th, 2014
A three-year, €300 billion program to spur the European economy won broad support from finance ministers. Finance ministers of the European Union have endorsed plans to leverage hundreds of billions of euros in order to finance new infrastructure projects ...
PwC to face U.S. lawsuit over Colonial Bank collapse
September 11th, 2014
Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled. Filed ...
BP May Owe Anglers $585 Million After Oil Spill
September 11th, 2014
People who fish recreationally in the Gulf of Mexico may be entitled to up $585 million in compensation due to lost fishing opportunities following the 2010 Deepwater Horizon oil spill. In the case of the BP spill, the money ...
Phone Giants close to Joint Bid for Telecom Italia’s Brazil Unit
September 10th, 2014
América Móvil of Mexico, Oi of Brazil and Telefónica of Spain are coming together on a joint offer to buy Telecom Italia’s Brazil operations, TIM Participações, a person with close knowledge of the negotiations said on Tuesday. TIM’s market ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
West TX Oil Below $94 as Market Awaits Chinese Data
September 8th, 2014
Brent crude fell on Monday for a third day of losses even though Chinese trade data showed both better-than-expected exports and weak imports that might prompt help for the economy, but it remained below $101 a barrel after poor ...
Bitcoin trader admits unlicensed money transfers
September 5th, 2014
The operator of an exchange for the virtual currency Bitcoin has pleaded guilty to running an unlicensed money transmitting business. Charlie Shrem from BitInstant.com admitted the charges in a New York federal court hearing. Another Bitcoin trader, Robert Faiella, ...
