Search Results for: Fed
Credit Suisse Accused of Money Laundering by Billionaire
March 17th, 2016
Former Georgian PM alleges bank failed to control ex-manager Geneva criminal complaint is latest to target the Zurich bank Lawyers for Georgia’s billionaire former prime minister Bidzina Ivanishvili accused Credit Suisse Group AG of money laundering as they step ...
Amazon to let you pay via selfie?
March 17th, 2016
Amazon could soon let customers purchase products without a password, using a photo of their face instead. The ecommerce giant has filed a patent to use photos or videos of a user’s face as a way to approve their ...
CFTC Charges Two Binary Options Firms with Fraud, Illegal Off-Exchange Activity, and Operating in an Unregistered Capacity
March 16th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal district court has unsealed a civil Complaint that the CFTC filed with the Northern District of Illinois on February 2, 2016, against two foreign web-based binary options ...
Apple Lambasts The FBI For Not Asking The Nsa To Help Hack That Iphone
March 16th, 2016
IN THE SHOWDOWN between Apple and the Justice Department over an iPhone used by one of the San Bernardino shooting suspects, one question has loomed large. Why hasn’t the FBI sought assistance from the National Security Agency—which employs some of ...
Mizuho to face U.S. lawsuit over Mt Gox bitcoin losses
March 16th, 2016
A U.S. lawsuit accusing Japan’s Mizuho Bank of concealing problems at the now-bankrupt Tokyo-based Mt Gox bitcoin exchange can move forward, a federal judge in Chicago has ruled. U.S. District Judge Gary Feinerman rejected on Monday the bank’s argument ...
U.S. Retail Sales Fell 0.1% in February
March 16th, 2016
January revised to a decrease on lower auto, gas sales American consumers are showing renewed signs of caution amid continued financial-market volatility, clouding the outlook for a segment of the economy that had been a bright spot. U.S. retail ...
Morgan Stanley sees 30% risk of world recession
March 15th, 2016
Morgan Stanley has hiked the probability of a recession hitting the global economy within the next year to 30 percent from 20 percent. The U.S. bank also cut its baseline forecast for world economic growth to 3.0 percent in ...
Russian court rejects Google’s anti-monopoly appeal
March 15th, 2016
The Moscow Arbitration Court has dismissed an appeal by Google against a decision by Russia’s competition watchdog that the US company broke anti-monopoly laws. The court upheld the ruling of Russia’s Federal Antimonopoly Service (FAS) that Google abused its ...
CFTC Orders IBFX, Inc. to Pay a $1 Million Penalty
March 15th, 2016
CFTC Orders Florida-based IBFX, Inc. (f/k/a TradeStation Forex, Inc.) to Pay a $1 Million Penalty for Failing to Meet Minimum Capital Requirements, Failing to Timely Report Minimum Net Capital Violations, Supervisory Failures, and Violating a Prior CFTC Order The ...
Asian stocks extend losses as BOJ offers gloomier economic view
March 15th, 2016
Asian stocks fell on Tuesday after the Bank of Japan painted a gloomier view of the world’s third-largest economy, but the yen firmed as policymakers appeared to back away from any imminent move to cut interest rates further into ...
