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Latest News

FINRA fines Deutsche Bank for 'squawk' supervision failures

The Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank US$12.5m for supervisory violations when communicating with employees using internal loud speakers known as 'squawks'.

Barclays agrees to US$100m settlement for Libor manipulation

New York attorney general, Eric Schneiderman, has announced a US$100m, 44-state settlement with Barclays for fraudulent and anti-competitive conduct involving the manipulation of US dollar Libor and other benchmark interest rates.

PwC must face US$1bn MF Global malpractice lawsuit

PwC has had its bid to dismiss a US$1bn lawsuit accusing it of professional malpractice rejected, reports Reuters.

RCBC fined for Bangladesh hack-related charges

Rizal Commercial Banking Corp (RCBC) has been hit with a record fine from the central bank of the Philippines for its actions in connection to the US$81bn Bangladesh bank hack earlier this year.

CFTC fines Barclays US$800,000 for fee processing failures

The US Commodity Futures Trading Commission (CFTC) has fined Barclays for failing to supervise staff responsible for processing and clearing customer fees.

JPMorgan says Libor probes now resolved

JPMorgan has disclosed details of UK and US Libor investigations in a recent regulatory filing.

Hackers steal US$65m from Hong Kong Bitcoin exchange

It’s been a turbulent few days for Bitcoin. After a major hacking incident resulted in US$65m being stolen from Hong Kong-based Bitcoin exchange, Bitfinex, the digital currency plunged 15%. Prices dropped 7.8%, Tuesday following a 6.2% decline Monday.

FINRA fines Barclays US$1.3m for reporting violations

The US Financial Industry Regulatory Authority (FINRA) has fined Barclays US$1.3m for systemic Order Audit Trail System (OATS) reporting violations and related supervisory failures.

Fed fines Goldman Sachs US$36.3m for leaked information

The US Federal Reserve Board has ordered Goldman Sachs to pay a US$36.3m fine for its unauthorised use and disclosure of confidential supervisory information. It has also been ordered to implement an enhanced programme to prevent it happening again.

Italian prosecutor proposes Morgan Stanley pay US$3.2bn for misleading swaps contracts

Italian prosecutors have asked Morgan Stanley to pay a settlement of €2.9bn to resolve improper derivatives transactions charges.

US authorities subpoena Goldman Sachs in 1MDB case

Goldman Sachs has been subpoenaed for documents linked to scandal-ridden Malaysian state fund, 1MDB.

Irish bankers jailed for crisis-era fraud

A Dublin court has sentenced three senior Irish bankers to up to three-and-a-half years in prison for conspiring to defraud investors during the financial crisis.

 
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