Search Results for: regulators
PwC Fights $5.6 Billion Fraud Trial over Taylor Bean’s Collapse
August 11th, 2016
PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday. At issue is ...
Goldman Sachs’s Fight to Avoid Paying Employees’ Legal Fees
August 9th, 2016
We know that paying for a lawyer can be an expensive proposition. The New York Times reported recently that a Turkish gold trader, Reza Zarrab, has hired a veritable who’s who of white-collar defense firms to defend him against charges of ...
Feds to auction $1.6 million in bitcoin
August 9th, 2016
The federal government will sell roughly $1.6 million worth of bitcoins recovered by law enforcement operations, the U.S. Marshals Service said on Monday. The block of around 2,700 bitcoins — a digital currency — will be sold in late ...
Goldman Sachs to pay a $36.3 million penalty
August 8th, 2016
The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use ...
China stocks firm on property shares; Hong Kong hit by global weakness
August 3rd, 2016
China stocks edged higher on Wednesday as property shares rallied for a second day and on growing expectations of state-owned enterprise (SOE) reforms. But trading volume in Shanghai, which shrank to a two-month low on Tuesday, remained thin amid ...
Europe expected to retreat at open
August 2nd, 2016
European stocks were lower in morning trade Tuesday, dragged down by banking shares as worries about the health of the region’s lenders continued to weigh on sentiment. The pan-European STOXX 600 was down 0.71 percent. The banking sector was once again ...
Most European Banks Survive Stress Test
August 1st, 2016
European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle to ride out a hypothetical severe economic downturn. The European ...
ACCA reports increase in reach and influence as membership grows
July 28th, 2016
Leading professional body strengthens global reach and influence through innovation and new partnerships • Membership and student growth tops 5% worldwide as a result of strong membership admissions • Reflects the growing prominence of the industry within economies and ...
Yen Plunges and Japan Stocks Rebound on Stimulus Bets; Oil Sinks
July 27th, 2016
Aussie jumps after inflation data, before reversing gains U.S. stock-index futures climb on Apple’s after-market rally The yen dropped as Japan’s Prime Minister was reported to commit to a $265 billion stimulus package. Chinese stocks tumbled and crude oil ...
A Miami judge rules that bitcoin isn’t money
July 26th, 2016
Sorry bitcoiners, the US court system doesn’t think your digital currency is real money. At least, Miami-Dade circuit court judge Teresa Mary Pooler doesn’t. Yesterday (July 25), Pooler handed down a verdict in the first money-laundering case in the ...
