Advertisements



Australia"s Westpac fined $2.4 million in rate case, fraction of penalty sought

Westpac Banking Corp won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator......»»

Category: topSource: reutersNov 9th, 2018

Australia"s CommBank accepts record fine in money-laundering case

Commonwealth Bank of Australia (CBA) has agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency. Ed Giles reports......»»

Category: videoSource: reutersJun 4th, 2018

Australia"s CommBank accepts record penalty in money-laundering case

SYDNEY (Reuters) - Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency......»»

Category: topSource: reutersJun 3rd, 2018

Rochester Drug Cooperative fined $20 million in first US criminal case against a major drug distributor over opioids

Brendan McDermid/Reuters The US filed its first criminal charges against a major dr.....»»

Category: topSource: businessinsiderApr 23rd, 2019

Wells Fargo agrees to $800,000 penalty in 38 Studios case

Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company......»»

Category: topSource: foxnewsMar 19th, 2019

UBS sets aside 450 million euros for French tax case

Switzerland's biggest bank, UBS, on Friday reported a nearly $400 million boost to its litigation provisions after a French court slapped it with a 4.5 billion euro ($5.09 billion) penalty last month......»»

Category: topSource: reutersMar 15th, 2019

Prosecutors Seek Long Prison Term for Cardinal Pell in Sex-Abuse Case

Prosecutors sought a lengthy prison term for the Vatican’s former finance chief, Cardinal George Pell, who was found guilty of sexually abusing two choirboys in Australia decades ago......»»

Category: asiaSource: wsjFeb 28th, 2019

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts The week started with the minutes of the Reserve Bank of Australia Monetary Policy meeting showing that the central bank saw “significant un.....»»

Category: topSource: livetradingnewsFeb 25th, 2019

Swiss bank UBS fined more than $5 billion in fraud case

UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes......»»

Category: topSource: moneycentralFeb 20th, 2019

Swiss bank UBS fined more than $5 billion in fraud case

UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes......»»

Category: topSource: moneycentralFeb 20th, 2019

Google Fined $57 Million in Biggest Penalty Yet Under New European Law

Google was fined $57 million by a French regulator—the biggest penalty levied yet under a new European privacy law—alleging the search-engine giant didn’t go far enough to get valid user consent to gather data for targeted advertising......»»

Category: smallbizSource: wsjJan 22nd, 2019

France fines Google $57 million for European privacy rule breach

France's data protection watchdog fined Alphabet's Google 50 million euros ($57 million) on Monday for breaching European Union online privacy rules, the biggest such penalty levied against a U.S. tech giant......»»

Category: topSource: reutersJan 21st, 2019

Morgan Stanley fined $10 million for lapses in money-laundering prevention

The Financial Industry Regulatory Authority (Finra) has fined Morgan Stanley $10 million. The industry funded watchdog announced the penalty on Wednesday in a press release, blaming the New York-based investment bank for its "anti-money laundering.....»»

Category: topSource: bizjournalsDec 26th, 2018

France fines washing machine makers $214 million for price rigging

France's competition authority on Thursday fined six home appliance makers a total of 189 million euros ($214 million) for price-rigging in 2006 and 2009, the largest penalty it has handed out so far this year......»»

Category: topSource: reutersDec 6th, 2018

CFPB chief dilutes penalty against payday lender: sources

Mick Mulvaney, the top cop for U.S. consumer finance, on Wednesday fined a payday lender $200,000 for wrongly hounding borrowers but the penalty fell short of the $3 million his predecessor was seeking, said three sources familiar with the move......»»

Category: topSource: reutersOct 24th, 2018

U.S. CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging

U.S. federal regulators on Wednesday ordered BNP Paribas to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp [BNPPSS.UL] for attempted manipulation of the ISDAfix benchmark......»»

Category: topSource: reutersAug 29th, 2018

Apple Fined for Error 53 in Australia

Apple Fined for Error 53 in Australia Apple was Tuesday fined Aus$9 million (US$6.7 million) by an Australian court for making false claims about consumer rights when refusing to fix .....»»

Category: topSource: livetradingnewsJun 19th, 2018

Apple has been fined $6.6 million for "misleading" iPhone and iPad users about third-party repairs (APPL)

Apple Apple fined $6.6 million for misleading Australia.....»»

Category: topSource: businessinsiderJun 19th, 2018

Australian court fines Apple $6.7 million over iPhone "bricking" case

SYDNEY (Reuters) - An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties......»»

Category: topSource: reutersJun 19th, 2018

Citibank Fined $100 Million for Manipulating Key Global Interest Rate

The decade-long LIBOR saga continues. Citibank on Friday reached a settlement with 42 U.S. states to pay a $100 million fi.....»»

Category: europeSource: fortuneJun 16th, 2018

Citibank fined $100 million for interest rate manipulation

Citibank will pay a huge fine for manipulating an important interest rate......»»

Category: topSource: moneyJun 15th, 2018