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Deutsche Bank fined $16m to settle foreign corruption charges

Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated US corruption laws by hiring relatives of foreign government officials in order to win or retain business, the US markets regulator has said.

Norway watchdog finds DNB failed to comply with anti-money laundering rules

Norway’s Financial Supervisory Authority (FSA) found significant shortcomings in DNB’s compliance with anti-money laundering (AML) regulations during a late-2018 inspection, the bank regulator said in a report released on Wednesday.

Another ex-JP Morgan precious metals trader pleads guilty to ‘spoofing,’ is cooperating with Feds

Another former J.P. Morgan precious metals trader pleaded guilty Tuesday to criminal charges of manipulating the precious metals markets for nine years marking the latest in the Justice Department’s crackdown in the commodities markets.

J.P. Morgan pays $14 million to settle customer claim against LA broker

J.P. Morgan Securities has paid $14 million to settle a claim that it failed to supervise a Los Angeles broker who a client accused of a litany of sales, trading and loan promise abuses, according to regulatory filings.

BOI apologies for ATM glitch that debited customer's accounts twice

The Bank of Ireland has apologised after an ATM glitch debited customers' accounts twice.

BMO Capital Markets fined by SEC over mishandling of ADRs

The Securities and Exchange Commission (SEC) on Friday said Cantor Fitzgerald & Co and BMO Capital Markets had agreed to pay $647,000 and $3.9 million respectively to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).

Hacker attack causes European Central Bank to shut down a website

The European Central Bank (ECB) shut down one of its websites on Thursday after it was hacked and infected with malicious software.

Biostar security software 'leaked a million fingerprints'

More than a million fingerprints and other sensitive data have been exposed online by a biometric security firm, researchers say.

Allianz slapped with new capital requirements over risk governance

Insurance giant Allianz has become the fifth financial institution to be forced to raise its capital reserves over concerns about the company's risk governance.

Atlanta broker alerts FBI over big loss on ‘unauthorized’ trades

IFS Securities, an Atlanta-based broker dealer, said it suffered "substantial losses" because of what it called unauthorized transactions made by one of its highest-ranking employees, prompting the company to alert federal regulators.

Canada’s Desjardins reports costs of $53m related to data breach

Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a data privacy breach earlier this year that exposed personal information of 2.9 million members.

SEC investigating data leak at First American Financial Corp.

The U.S. Securities and Exchange Commission (SEC) is investigating a security failure on the Web site of real estate title insurance giant First American Financial Corp. that exposed more than 885 million personal and financial records tied to mortgage deals going back to 2003, KrebsOnSecurity has learned.

 
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