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RBS fined US$1.1bn for RMBS-related chargesThe Royal Bank of Scotland (RBS) will pay a US$1.1bn fine to the US National Credit Union Administration for crisis-era mortgage mis-selling allegations.
UBS to pay US$15m settlement for sales supervisory failuresThe US Securities and Exchange Commission (SEC) has announced that UBS has agreed to pay more than US$15m to settle charges it failed to adequately educate and train its sales force about critical aspects of certain complex financial products it sold to retail investors.
Wells Fargo to pay US$400,000 fine for swaps reporting failuresThe US Commodity Futures Trading Commission (CFTC) has ordered Wells Fargo to pay a US$400,000 fine for failing to comply with its obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions.
Merrill Lynch fined US$12.5m for ineffective controlsThe US Securities and Exchange Commission (SEC) has announced Merrill Lynch will pay a US$12.5m penalty for maintaining ineffective trading controls.
IT outage hits Financial Conduct AuthorityThe UK’s Financial Conduct Authority suffered a major IT outage on Friday after an incident at a Fujitsu data centre.
CFTC fines Barclays $500,000The US Commodity Futures Trading Commission (CFTC) has fined Barclays for failing to create, maintain, and promptly produce required confirmations for a significant number of Exchange for Related Position (EFRP) trades.
Yahoo says 500 million user accounts stolenYahoo has confirmed information on 500 million of its customers has been stolen in a major data breach.
US judge narrows forex lawsuit against seven banksA US judge has narrowed a class-action lawsuit against Deutsche Bank, Morgan Stanley, Société Générale, Standard Chartered, RBC Capital Markets, Credit Suisse and Bank of Tokyo Mitsubishi - the remaining banks still to settle out of 16 global institutions accused of rigging forex markets.
Russia's VTB hit with US$5m fine for false tradesThe US Commodity Futures Trading Commission (CFTC) has ordered VTB Bank to pay a US$5m fine in relation to false futures trades.
Australia’s Stock Exchange has connectivity glitchThe Australian Stock Exchange (ASX) suffered a technical issue on Monday which caused major disruption to trading.
Deutsche Bank to challenge DoJ's US$14bn fineDeutsche Bank will challenge a settlement deal proposed by the US Department of Justice (DoJ) to resolve an ongoing residential mortgage backed securities case relating to alleged activities carried out in the lead up to the global financial crisis.
FSC fines Mega BankThe Financial Supervisory Commission (FSC) of Taiwan has fined Mega International Commercial Bank of Taiwan’s New York branch after the New York State Department of Financial Services (NYDFS) announced a US$180 million fine in August for breaching the US Bank Secrecy Act.