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Friday, December 9, 2022 - Santander fined for repeated anti-money laundering failures
Santander
Source - https://www.bloomberg.com/news/articles/2022-12-09/santander-fined-107-million-in-uk-anti-money-laundering-probe
Santander UK Plc was fined £107.7 million pounds ($132 million) by the UK financial watchdog over repeated anti-money laundering failures.

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Thursday, December 8, 2022 - Judge's report hammers three ex-Wells Fargo executives
Wells Fargo & Co.
Source - https://www.americanbanker.com/news/judges-report-hammers-three-ex-wells-fargo-executives
Three former high-level Wells Fargo executives may be forced to pay millions of dollars in penalties after a judge assigned them significant culpability for the bank's fake-accounts scandal.

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Thursday, December 8, 2022 - FCA fines three broker firms £4,775,200 for failures relating to the detection of market abuse
BGC Partners, Inc.
Source - https://www.fca.org.uk/news/press-releases/fca-fines-three-broker-firms-failures-relating-detection-market-abuse
The FCA has fined BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had appropriate systems and controls in place to effectively detect market abuse.

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Wednesday, December 7, 2022 - Dutch Rabobank in money laundering, terror finance probe
Rabobank
Source - https://www.barrons.com/news/dutch-rabobank-in-money-laundering-terror-finance-probe-01670445907?tesla=y
Dutch prosecutors are probing Rabobank for contravening anti-terror financing and money laundering legislation, the Netherlands' second-largest money-lender announced on Wednesday.

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Tuesday, December 6, 2022 - FCA publishes decision notices against three bond traders for market manipulation
Mizuho Financial Group
Source - https://www.fca.org.uk/news/press-releases/fca-publishes-decision-notices-against-three-bond-traders-market-manipulation
The FCA has published Decision Notices given to Diego Urra, Jorge Lopez Gonzalez and Poojan Sheth, three bond traders, for market abuse.

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Tuesday, December 6, 2022 - Deutsche bank, Rabobank hit with EU antitrust charge over bond cartel
Rabobank
Source - https://www.reuters.com/business/finance/eu-antitrust-regulators-charge-deutsche-bank-rabobank-over-bond-cartel-2022-12-06/
Deutsche Bank and Rabobank were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel, the latest move against a sector which has racked up millions of euros in fines for various competition violations.

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Tuesday, December 6, 2022 - Rackspace confirms outage was caused by ransomware attack
Rackspace Technology, Inc.
Source - https://www.bleepingcomputer.com/news/security/rackspace-confirms-outage-was-caused-by-ransomware-attack/
Texas-based cloud computing provider Rackspace has confirmed today that a ransomware attack is behind an ongoing Hosted Exchange outage described as an "isolated disruption."

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Tuesday, December 6, 2022 - Russian state-owned bank VTB hit by massive distributed-denial-of-service attack
VTB Bank / Банк ВТБ
Source - https://www.insurancejournal.com/news/international/2022/12/06/697892.htm
Russia’s No. 2 bank VTB was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe.

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Monday, December 5, 2022 - FSS urges Shinhan Bank to bolster anti-money laundering system
Shinhan Financial Group / 신한금융지주회사
Source - https://www.koreatimes.co.kr/www/biz/2022/12/126_341161.html
The Financial Supervisory Service (FSS) has asked Shinhan Bank to improve its anti-money laundering (AML) management system, particularly in the areas of digital asset businesses and overseas branches.

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Monday, December 5, 2022 - HSBC fined €82,000 by FIAU for anti-money laundering breaches
HSBC
Source - https://www.independent.com.mt/articles/2022-12-05/local-news/HSBC-fined-82-000-by-FIAU-for-anti-money-laundering-breaches-6736248016
HSBC has been fined €82,000 by the Financial Intelligence Analysis Unit (FIAU) for violating local anti-money-laundering laws.

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Monday, December 5, 2022 - Finra panel orders Morgan Stanley to pay $11.7m to client over covered call strategy
Morgan Stanley
Source - https://www.fa-mag.com/news/finra-panel-orders--11-7m-to-morgan-stanley-client-over-covered-call-strategy-70937.html?section=43
Morgan Stanley has been ordered by a Finra panel to pay $11.7 million to a client over a covered call option strategy that caused big tech stock positions to be whisked out of the client’s account, a result that he says cost him millions.

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Monday, December 5, 2022 - Citadel Securities is accused of illicit trading tactics
Citadel LLC (formerly Citadel Investment Group)
Source - https://www.thestreet.com/memestocks/reddit-trends/citadel-securities-accused-illicit-trading-tactics
Northwest Biotherapeutics is a biotechnology company that trades over-the-counter (OTC). The company has filed a lawsuit in Manhattan federal court in which it alleges that market makers including Citadel Securities, Susquehanna, and several others have repeatedly engaged in the practice of "spoofing."

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Saturday, December 3, 2022 - AT&T to pay $6 million to SEC over private calls to analysts
AT&T
Source - https://www.bloomberg.com/news/articles/2022-12-03/at-t-to-pay-6-million-sec-fine-over-private-calls-to-analysts
AT&T Inc. agreed to pay a $6.25 million penalty to settle an unusual lawsuit by federal regulators claiming its executives selectively disclosed nonpublic information about the company’s finances to Wall Street analysts.

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Friday, December 2, 2022 - ASIC issues infringement notices against investment manager for greenwashing
Vanguard Financial Group
Source - https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-336mr-asic-issues-infringement-notices-against-investment-manager-for-greenwashing/
ASIC has issued three infringement notices to investment manager Vanguard Investments Australia Ltd (Vanguard) in further action against alleged greenwashing.

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Thursday, December 1, 2022 - Medibank hackers dump stolen data on the dark web
Medibank Pte Ltd
Source - https://www.bankinfosecurity.com/medibank-hackers-dump-stolen-data-on-dark-web-a-20604?rf=2022-12-02_ENEWS_SUB_BIS__Slot1_ART20604&mkt_tok=MDUxLVpYSS0yMzcAAAGIcpep3PnkdybXNESQGQTm2bWeqzZe_5s6jZn6lIcz4o6olP2lhMZkOG1Q8qT1OWsWsoyaovYR-MtlulveEkDtI6okdiuAv5JN
The Russia-based ransomware gang behind the hack of Australia's largest private health insurer says it posted a full set of stolen data even as analysis by Medibank called the data incomplete and difficult to understand.

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Thursday, December 1, 2022 - Lawsuit alleges Stifel 'pocketed enormous fees' from housing bonds
Stifel Financial Corp. (SFC)
Source - https://www.bizjournals.com/stlouis/news/2022/12/01/lawsuit-alleges-stifel-pocketed-enormous-fees-bond.html?utm_source=sy&utm_medium=nsyp&utm_campaign=yh
Bondholders of several failed Chicago housing projects are seeking class-action certification in their lawsuit against Stifel Financial Corp., alleging that the St. Louis-based investment bank omitted and misrepresented critical information in the sale of $160 million in bonds.

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Thursday, December 1, 2022 - RBC fires equity syndicate head for communications breach
Royal Bank of Canada (RBC)
Source - https://www.bloomberg.com/news/articles/2022-12-01/rbc-fires-equity-syndicate-head-reed-over-communications-breach
Royal Bank of Canada’s investment-banking arm fired John Reed, the head of equity syndicate, over communications that violated the firm’s compliance guidelines, according to people with knowledge of the matter.

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Thursday, December 1, 2022 - Barclays fined £8.4 million over lack of card fees transparency
Barclays Bank
Source - https://uk.finance.yahoo.com/news/barclays-fined-10-million-over-114527183.html
Britain's Payment Systems Regulator (PSR) has fined Britain's Barclays Bank 8.4 million pounds for failing to give retailers full information about card costs, the watchdog said on Thursday.

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Thursday, December 1, 2022 - Taiwan's Cathay United Bank given stern warning after another service outage
Cathay United Bank / 國泰世華銀行
Source - https://www.taiwannews.com.tw/en/news/4737706
Executives of the Cathay United Bank have been summoned by the Financial Supervisory Commission (FSC) after yet another system service interruption on Thursday (Dec. 1).

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Wednesday, November 30, 2022 - FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals
Julius Baer / Julius Bär
Source - https://www.fca.org.uk/news/press-releases/fca-fines-julius-baer-international-limited-ps18m-and-publishes-decision-notices-three-individuals
The FCA has fined Julius Baer International Limited (JBI), an investment advisory and wealth management firm, £18,022,500 for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA.

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