legal action
- Finance
Credit Suisse admits it defrauded investors to settle Mozambique charges
Credit Suisse Group AG agreed to pay $475m and forgive $200m Mozambique owes to investors in coordinated settlements with US and European…
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Audit regulator puts questions to firms on bullying, sexual harassment
The audit regulator is asking firms how many of their senior staff have been involved in complaints ranging from bullying…
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Convicted Libor rigger Tom Hayes has appeal decision delayed again
The Criminal Cases Review Commission has again postponed the date at which it will decide whether to refer convicted Libor rigger…
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Suicide bombings on a Shiite mosque in Afghanistan kill 47
KABUL, Afghanistan (AP) — Suicide bombers attacked a Shiite mosque packed with worshippers attending Friday prayers in southern Afghanistan, killing…
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Nikolas Cruz to plead guilty to mass shooting at a Parkland high school
FORT LAUDERDALE, Fla. (AP) — The gunman who killed 14 students and three staff members at a Parkland, Florida, high…
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Conservative MP dies after stabbing at Essex constituency meeting
An attacker fatally stabbed a British lawmaker during a meeting Friday with constituents outside London. David Amess, a member of…
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U.K. lawmaker dies after being stabbed during meeting with constituents
LONDON (AP) — British Conservative lawmaker David Amess has died after being stabbed Friday during a meeting with constituents at…
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KPMG slammed by watchdog for ‘untruthful defence’ in Silentnight tribunal
KPMG has been criticised by the audit watchdog for putting forward an “untruthful defence” in a misconduct hearing related to…
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Banks on Wall Street under scrutiny over staff communications
The US Securities and Exchange Commission is reportedly probing Wall Street banks to check whether they are complying with rules on tracking their…
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FCA made a rule that funds need independent directors, but it’s not keeping track
The Financial Conduct Authority does not know how many fund managers are meeting requirements around the number of independent directors on their…
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Ex-OppenheimerFunds analyst charged with wire fraud
A former quantitative analyst for a global asset manager was charged with securities and wire fraud for allegedly using nonpublic…
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Five things that happened in crypto this week: China crackdown, Coinbase and bitcoin on Twitter
Regulation was the name of the game in cryptocurrencies this week, as two world powers took steps to lay down…
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Woodford investors edge closer to court action with administrator
A law firm representing more than 11,000 investors in Neil Woodford’s former flagship investment fund has begun court proceedings against…
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Citadel under fire over its role in GameStop trading
Billionaire Ken Griffin’s electronic trading firm, Citadel Securities, is under fire again over its role in the January trading frenzy…
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KPMG goes to High Court over Patisserie Valerie administration dispute
KPMG is set to take a dispute over its role in the administration of failed café chain Patisserie Valerie to…
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Open Banking boss quits over bullying and sexism allegations
The head of the UK’s open banking oversight organisation is stepping down after an investigation found a culture of bullying, intimidation…
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Lawmakers push Google, Facebook, eBay and Amazon to disclose fees they get to host investment scams
Lawmakers are asking tech giants including Google and Facebook to come clean on how much they are being paid to…
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Cathie Wood predicts oil price drop as peak demand reached
Much like the whale oil trade at its peak in the mid 1800s, crude oil prices have probably topped. That’s…
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Nearly 140 countries agree on deal to curb tax avoidance
Nearly 140 countries agreed Friday to the most sweeping overhaul of global tax rules in a century, a move that…
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Crypto in US crosshairs again as Justice Department builds enforcement team
The US Justice Department is creating a national cryptocurrency enforcement team to tackle investigations and prosecutions of criminal misuses of…
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Facebook’s whistleblower says her goal is to save the company
The former Facebook employee who gathered documents that formed the foundation of The Wall Street Journal’s Facebook Files series said…
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Facebook investors slam ‘damage it is inflicting on our society’
Investors in Facebook are criticising the company and its management structure amid accusations from a whistleblower that claim the tech…
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DOJ charges 18 ex-NBA players in $4 million healthcare scam
Eighteen former NBA players have been charged with defrauding the league’s health and welfare benefit plan out of about $4…
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NatWest pleads guilty to compliance failure over money laundering
NatWest Group pleaded guilty to criminal charges for failing to comply with regulation that requires systems and controls to prevent…
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NatWest Pleads Guilty Over Money-Laundering Breach, Will Take 3Q Provision
By Sabela Ojea NatWest Group PLC said Thursday that it has pleaded guilty to breaches of money-laundering regulations and warned…
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FCA ‘keen’ for info on Google’s scam crackdown as criticism mounts
The Financial Conduct Authority is still awaiting information on whether Google’s plans to crack down on online investment fraud are…
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Banks joins forces in bid to stop cyberattacks
Competing banks are cooperating more than ever before to beat cybercriminals. As the number and sophistication of cyberattacks jumps, financial…
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Coinbase to suggest crypto rules framework to US regulators
Coinbase plans to publicly roll out a pitch on a proposed regulatory framework for cryptocurrencies to federal officials in the…
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KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
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Five things in crypto this week: Binance, NFTs and the Walmart hoax
In another busy week for cryptocurrencies, Binance, dogecoin and non-fungible tokens took the spotlight. As regulators continue to clamp down…
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Ex-crypto hedge fund manager gets prison sentence for securities fraud
A cryptocurrency hedge-fund manager who lied about returns on his $90m fund and siphoned money from its accounts to cover…
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Tom Hayes appeal decision delayed until October
The Criminal Cases Review Commission has confirmed it is aiming to issue a decision in October on whether to refer convicted Libor…
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Convicted Libor rigger Tom Hayes battles SFO for return of his passport
Tom Hayes’ legal team are locked in a spat with the Serious Fraud Office over the return of the convicted Libor rigger’s passport, as the UK…
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Ex-Credit Suisse banker remembers 9/11: ‘The world changed that morning, we all changed.’
On the eve of the 20th anniversary of the 11 September terrorist attacks, former banker Steve Keller, who lived in New…
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Biden administration set to sue Texas over new abortion law
WASHINGTON — The Biden administration is preparing to sue Texas over its new law banning most abortions, people familiar with…
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Apollo co-founder Leon Black denies flying ex to Florida for meeting with Epstein
Apollo Global Management co-founder Leon Black in a new legal filing denies claims that he once flew an ex-girlfriend to…
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BlackRock, abrdn plus 123 others make the cut for tough ESG code, firms with £12tn AUM fail
A third of asset managers and other groups that applied to become signatories to a tough governance code for investors…
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Watchdog accuses KPMG of providing false information during Carillion, Regenersis audit inspections
The UK’s accounting regulator has hit KPMG, a former partner and certain current and former employees, with a disciplinary formal complaint…
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Republican Liz Cheney gets No. 2 spot on House select committee probing pro-Trump Capitol siege
WASHINGTON (AP) — Select Committee Chairman Bennie Thompson of Mississippi has promoted Republican Rep. Liz Cheney to vice chairwoman of…
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Oppenheimer investment bank faces lawsuit over Ponzi scheme allegations
A class-action lawsuit claims investment bank Oppenheimer & Co. was at fault for an alleged Ponzi scheme run by a…
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BitConnect and founder Satish Kumbhani under regulatory fire over alleged crypto scam
The Securities and Exchange Commission accused BitConnect and its founder, Satish Kumbhani, of a $2bn fraud that misused bitcoin raised…
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Apple to allow media apps to link to outside payment options
Apple Inc. AAPL, +0.45% said it would allow media apps to create in-app links to sign-up pages on those companies’ websites,…
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Citigroup must face lawsuit over Bernie Madoff’s Ponzi scheme, court rules
A US appeals court said that Citigroup must face a lawsuit over Bernie Madoff’s Ponzi scheme that seeks to recover…
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How Theranos founder Elizabeth Holmes got to trial as jury selection starts
Theranos founder Elizabeth Holmes headed to court Tuesday, as her legal team sought to help assemble a group of impartial jurors…
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Watchdogs crack down on inaccurate disclosures amid cybersecurity debates
Companies must pay closer attention to what they say after hackers strike, lawyers warn, as regulators crack down on inaccurate…
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FCA warns firms on Afghanistan terror financing and money laundering risks
The FCA has told financial services firms to be on guard against the risks of money laundering or terror financing…
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White House says U.S. retains capacity to evacuate remaining Americans in Afghanistan
WASHINGTON (AP) — The U.S. military flew more desperate evacuees out of the Afghan capital on Monday in the waning…
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Supreme Court blocks pandemic ban, allows evictions to resume nationwide
WASHINGTON — The Supreme Court’s conservative majority is allowing evictions to resume across the United States, blocking the Biden administration…
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NFT art the latest target for online fraudsters
Serbian artist Milos Rajkovic was floored last month when his social-media fans started touting an online sale of his animated,…
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Meet cardano, the cryptocurrency coming for bitcoin’s crown
As the long-fought battle between bitcoin and ether rages on, newcomers are climbing up the ranks with underlying technology upgrades…
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