Banking
21st November 2016
The fraud squad will tomorrow ask for an employment tribunal for an ex-Barclays exec to take place in private, on the grounds it could compromise its ongoing investigation into the bank. Read More
21st November 2016
The federal government has put Wells Fargo & Co. on a much tighter leash Read More
18th November 2016
​On 15 November, prosecutors from the Romanian Territorial Office Valcea of the Directorate for Investigating Organized Crime and Terrorism (DIICOT), acting within a joint investigation team (JIT) set up with the support of Eurojust, carried out an operation concerning an organised crime group (OCG) specialised in computer fraud, forgery and money laundering. Read More
18th November 2016
Eyebrows were raised at the final settlement disclosed this month between the state-controlled Agricultural Bank of China (ABC) and New York’s Department of Financial Services (DFS). The fine imposed on the bank was a mere $215m. Read More
18th November 2016
JP Morgan Chase agreed to pay $264m on Wednesday to settle charges that it employed well-connected Chinese “princelings” in order to win business in the Asia-Pacific region. Read More
17th November 2016
After more than three years of digging into JPMorgan Chase’s hiring practices in China, federal authorities have determined that the bank hired the children of Chinese leaders as part of a quid pro quo to win business in the booming nation, clearing the way for a costly punishment. Read More
17th November 2016
The incoming Trump administration may take a hard line on financial crime, contrary to the perception that it would be friendly to banks, experts said. Read More
17th November 2016
The United States must not scrap bank capital requirements introduced at the height of the financial crisis aimed at avoiding more taxpayer bailouts of lenders, an architect of the rules said on Wednesday. Read More
17th November 2016
Body that controls taxpayer stake in bank reveals potential scale of penalty in case being pursued by US Department of Justice. Read More
15th November 2016
The fund announced yesterday that it had removed “remedial measures” against Zimbabwe after the country cleared $108m worth of overdue debts with the fund, stretching back 15 years. Read More