Search Results for: Fed
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
Asia markets trade mixed as Nikkei extends losses
February 5th, 2016
Asian markets came under pressure on Friday, despite a positive finish on Wall Street overnight, as a newly weaker dollar brought fresh concerns. “The U.S. dollar basket has lost 3.2 percent since the close on Friday and 2.3 percent ...
Apple ordered to pay $625 million in patent dispute
February 4th, 2016
Apple ordered to pay $625 million in patent dispute with VirnetX Apple Inc must pay VirnetX Holding Corp more than $625 million (428 million pounds) for using the patent licensing company’s Internet security technology without permission in its FaceTime ...
Deutsche Bank must face $3.1 billion lawsuit
February 4th, 2016
Deutsche Bank must face U.S. lawsuit over $3.1 billion mortgage loss Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing $3.1 billion of investor losses by failing to properly monitor 10 trusts backed ...
SEC Charges Lending Company and Brokerage Firm With Fraud
February 4th, 2016
The Securities and Exchange Commission announced fraud charges against a Manhattan-based lending company and its owner accused of repeatedly lying to investors purchasing high-yield securities. The SEC also charged the brokerage firm that acted as the placement agent and two ...
Surprises in store…
February 3rd, 2016
The month of January has been a wake-up call for complacent equity investors. From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls could be read ...
EU Commission and United States agree on new framework for transatlantic data flows: EU-US Privacy Shield
February 3rd, 2016
The College of Commissioners approved the political agreement reached and has mandated Vice-President Ansip and Commissioner Jourová to prepare the necessary steps to put in place the new arrangement. This new framework will protect the fundamental rights of Europeans ...
Asia stocks follow US in sharp sell-off
February 3rd, 2016
Asian stocks traded sharply lower on Wednesday, after Wall Street sold off as much as 2 percent overnight amid a plunge in oil prices. Japan’s Nikkei 225 dropped 3.36 percent, while the Topix fell 3.46 percent. Across the Korean ...
