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Tuesday, July 16, 2019 - BofA fined by Korea Exchange over ‘almost phantom orders’
Bank of America
Source - https://www.bloomberg.com/news/articles/2019-07-16/bofa-fined-by-korea-exchange-over-almost-phantom-orders
Bank of America Corp.’s brokerage arm in South Korea was fined 175 million won ($149,000) by the nation’s stock exchange for violating market rules.

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Tuesday, July 16, 2019 - KeyCorp shares fall after the bank uncovers $90 million fraud by payrolls processor
KeyBank
Source - https://www.cnbc.com/2019/07/16/keycorp-shares-fall-after-cleveland-bank-uncovers-90-million-fraud-by-customer.html
Shares of KeyCorp fell Tuesday after the regional bank disclosed fraudulent activity that could cost the company up to $90 million.

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Monday, July 15, 2019 - Nomura to pay misled bond customers $25 million to settle SEC charges
Nomura
Source - https://www.sec.gov/news/press-release/2019-131
The Securities and Exchange Commission today instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities.

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Monday, July 15, 2019 - ESMA fines Regis-TR S.A. €56,000 for data access failures
Regis-TR S.A.
Source - https://www.esma.europa.eu/sites/default/files/library/esma71-press_release_regis-tr_fine.pdf
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has fined the trade repository Regis-TR S.A. €56,000, and issued a public notice, for negligently failing to provide to regulators direct and immediate access to details of derivative contracts.

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Sunday, July 14, 2019 - ING's Belgian unit fined for money-laundering violations
ING Groep NV
Source - https://www.bloomberg.com/news/articles/2019-07-14/ing-s-belgian-unit-fined-for-money-laundering-violations
The Belgian unit of ING Groep NV was fined 350,000 euros by the central bank of Belgium for violating legislation against money laundering.

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Friday, July 12, 2019 - BNP fined $100k for options compliance failings
BNP Paribas
Source - https://www.financemagnates.com/institutional-forex/regulation/bnp-fined-100k-for-options-compliance-failings/
US regulatory authorities fined BNP Paribas Securities $100,000 on Friday.

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Thursday, July 11, 2019 - Deutsche Bank faces US investigation into 1MDB
Deutsche Bank
Source - https://www.thejakartapost.com/seasia/2019/07/11/deutsche-bank-faces-us-investigation-into-1mdb-wsj-says.html
The US Department of Justice is investigating whether Deutsche Bank AG broke laws during dealings with Malaysia’s 1MDB investment fund that included helping it raise $1.2 billion in 2014, the Wall Street Journal reported, citing unidentified people with knowledge of the matter.

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Thursday, July 11, 2019 - SFC fines Celestial Commodities for mishandling client money
Celestial Commodities Ltd / 時富商品有限公司
Source - https://www.regulationasia.com/sfc-fines-celestial-commodities-for-mishandling-client-money/?utm_source=Regulation+Asia+Subscription+-+Member&utm_campaign=6c01dcdce1-11Jul2019-RA&utm_medium=email&utm_term=0_d30b640721-6c01dcdce1-116647129&ct=t(11Jul2019-R
Celestial Commodities Limited may have been using client money to pay commission rebates for up to 20 years for the sake of operational convenience.

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Thursday, July 11, 2019 - APRA orders A$500m capital charge for ANZ, NAB, Westpac
Australia and New Zealand Banking Group (ANZ)
Source - https://www.regulationasia.com/apra-orders-a500m-capital-charge-for-anz-nab-westpac/?utm_source=Regulation+Asia+Subscription+-+Member&utm_campaign=6c01dcdce1-11Jul2019-RA&utm_medium=email&utm_term=0_d30b640721-6c01dcdce1-116647129&ct=t(11Jul2019-RA)&goal=
APRA (the Australian Prudential Regulation Authority) has asked ANZ, NAB and Westpac to increase their minimum capital requirements by AUD 500 million each to reflect higher operational risk identified in their risk governance self-assessments.

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Tuesday, July 9, 2019 - China fines UniCredit AG unit $1.5 million for embezzlement
UniCredit
Source - https://www.reuters.com/article/us-unicredt-bnk-china/china-fines-unicredit-ag-unit-1-5-million-for-embezzlement-idUSKCN1U41DT
China’s banking and insurance regulator said on Tuesday it fined an onshore branch of Italy’s UniCredit Bank AG 10.3 million yuan ($1.50 million) for embezzlement.

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Tuesday, July 9, 2019 - Marriott International hotel chain fined £99 million for exposing millions of customers’ details
Marriott International
Source - https://www.thesun.co.uk/money/9470633/marriott-international-fined-99million/
The Marriott International Hotel chain will be fined £99 million after a cyber security breach that left millions of customers' details exposed.

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Monday, July 8, 2019 - BA fined £183m over computer theft of passenger data
British Airways
Source - https://www.thenational.ae/world/ba-fined-183m-over-computer-theft-of-passenger-data-1.883831
British Airways has been fined more than £183 million after computer hackers stole the bank details from hundreds of thousands of passengers.

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Friday, July 5, 2019 - Wells Fargo's Irish arm fined for regulatory breaches
Wells Fargo & Co.
Source - https://www.finextra.com/newsarticle/34082/wells-fargos-irish-arm-fined-for-regulatory-breaches?utm_medium=newsflash&utm_source=2019-7-5&member=22821
The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.

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Thursday, July 4, 2019 - Unicredit Bank gets first GDPR-related fine issued in Romania
UniCredit
Source - http://business-review.eu/business/legal/first-fine-on-gdpr-202887
Unicredit Bank is the recipient of the first fine related to GDPR in Romania, with a value of EUR 130,000, following an investigation into personal data use by the National Supervisory Authority.

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Thursday, July 4, 2019 - Russian hackers steal $3 million from a private Bangladeshi bank
Dutch-Bangla Bank
Source - https://www.technadu.com/russian-hackers-steal-3-million-private-bangladeshi-bank/72362/
As reported by “The Daily Star”, a group of hackers has targeted three Bangladeshi private banks, namely the Dutch Bangla Bank Limited (DBBL), the NCC Bank, and the Prime Bank, with the former losing $3 million and the other two successfully defending the attacks. According to sources from within the banking sector, the hackers planted malware inside the bank’s card management system about three months ago and created a perfect replica of the switch. Last month, Ukrainian accomplices of the hackers used cloned cards to draw a total of $3 million from ATMs in Cyprus, always with the help of the “shadow switch” and without the bank realizing it at the time.

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Thursday, July 4, 2019 - Deloitte fined £4.2m over Serco tagging scandal-era audit
Deloitte
Source - https://news.sky.com/story/deloitte-fined-4-2m-over-serco-tagging-scandal-era-audit-11756353
The accounting watchdog has fined Deloitte over £4.2m for its audit of financial statements by Serco at the time of its electronic tagging scandal.

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Tuesday, July 2, 2019 - Switzerland fines Rabobank for 350,000 euros in Libor case
Rabobank
Source - https://www.tellerreport.com/business/2019-07-02---switzerland-fines-rabobank-for-350-000-euros-in-libor-case-.SJUr6cOlS.html
The Dutch bank Rabobank must pay a fine of EUR 350,000 (CHF 390,000) in Switzerland. The competition authority WEKO imposes the fine for tampering with interest benchmark Libor. That scandal already came to light in 2012. The fine is the result of a settlement between the bank and WEKO.

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Tuesday, July 2, 2019 - Arm of the World Bank implicated in Latin America's biggest corruption scandal
International Finance Corporation (IFC)
Source - https://time.com/5618835/world-bank-international-finance-corporation-graft-grupo-aval/
María Victoria Guarín was a key adviser on Colombia’s biggest-ever transportation project: a 1,000-kilometer (620-mile) highway across mountainous terrain connecting the capital to busy Caribbean ports.

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Tuesday, July 2, 2019 - Norway FSA fines Santander bank $1 million for anti-money laundering breach
Santander
Source - https://uk.finance.yahoo.com/news/norway-fsa-fines-santander-bank-164353015.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAL8tp1UhjldPTpgHxTrfqytNehAZu0UYBgvo6IG2__F8Tv6cTCubtrICqZj1oYkYWvPV1raqE-wBkz-_TLNWdPxPckdfa
Norway's Financial Supervisory Authority has ordered Spanish bank Santander to pay a fine of nine million crowns ($1 million) for violations of the country's anti-money laundering laws, it said on Tuesday.

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Monday, July 1, 2019 - Italy fines Facebook $1 million over Cambridge Analytica
Facebook
Source - https://www.bankinfosecurity.com/italy-fines-facebook-c1-million-over-cambridge-analytica-a-12705
Italy's data protection regulator has slapped Facebook with a €1 million ($1.1 million) fine for mismanaging user data and precipitating the Cambridge Analytica debacle.

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