1249 articles tagged with this keyword
News/Legal
West Coast bank Wells Fargo says it expects to incur merger integration costs of $10 billion as it agrees a deal to acquire Wachovia, snatching the North Carolina-based bank from under the nose of FDIC-approved suitor Citi.
03 October 2008
Digital cash transfer outfit E-Gold has retained KPMG to help improve its anti-money laundering (AML) programme following a criminal case that saw directors plead guilty to charges relating to money laundering and the operation of an illegal funds transfer business.
Canadian police have arrested and charged a married couple that allegedly ran an ATM card skimming operation in Toronto.
The US Commodity Futures Trading Commission (CFTC) and the UK's Financial Services Authority (FSA) will head up a task force - established by the technical committee of the International Organisation of Securities Commission (IOSCO) - that will examine regulation of the commodities markets.
02 October 2008
A specialist police unit dedicated to fighting cybercrime and Internet fraud is set to launch next year after the UK government and London's Metropolitan Police Service committed funding to the project.
01 October 2008
Citigroup is targeting $3 billion of consolidation synergies from its acquisition of debt-hit bank Wachovia under a loss-sharing deal brokered by the Federal Deposit Insurance Corporation (FDIC).
29 September 2008
Barclaycard has been hit with the maximum possible fine - £50,000 - by UK regulators for making an "extremely high number" of silent and abandoned calls to cardholders.
26 September 2008
UK payments association Apacs is warning of a rise in the number of 'money mule' recruitment adverts, where criminals attempt to lure bank account holders into illegally transferring funds across borders.
The UK's Financial Services Authority (FSA) has fined mortgage provider GE Money Home Lending £1.12 million for systems and controls failings which resulted in hundreds of customers losing money.
25 September 2008
The London Stock Exchange (LSE) has confirmed plans to allow Swiss central counterparty SIS x-clear to join LCH.Clearnet as a competitive provider of clearing services on its equity market.
24 September 2008
The Reserve Bank of India (RBI) has placed strict restrictions on the range of mobile banking services that providers can offer customers in the country, in a move which raises uncertainty over the development of up-and-coming remittance programmes.
22 September 2008
Plus Markets, the quote-driven trading system for AIM-listed stocks, has filed an action in the High Court claiming an LSE trade reporting rule is "anti-competitive".
19 September 2008
More than 80 formal applications have been made by clearing and settlement houses for interoperability and mutual access in accordance with the European Commission's voluntary code of conduct, but none has gone live.
12 September 2008
Canadian police have arrested and charged a criminal gang which allegedly stole C$2 million by hacking the database of a Calgary-based business and loading money onto pre-paid cards.
05 September 2008
EU authorities have called on banks to push ahead with plans to introduce a pan-European direct debit payments system, even if interchange fees are initially charged for cross-border transactions.
04 September 2008
An advisory group has put forward recommendations for breaking down legal barriers to the cross-border holding and settlement of securities in the European Union, including proposals to enable issuers to choose which central securities depository they want to use.
22 August 2008
Transatlantic exchange Nyse Euronext is to launch a new US futures exchange in September after the Commodity and Futures Trading Commission (CFTC) approved its application to become a designated contract market (DCM).
A US judge has lifted a gag order on three students from the Massachusetts Institute of Technology (MIT) who were banned from talking publicly about security flaws they discovered in Boston's automated transit system.
21 August 2008
The Reserve Bank of Australia (RBA) is looking to halt attempts by online auction house eBay to force sellers in the country to offer PayPal as a payments option on sales listings.
20 August 2008
Kansas-based ECN operator Bats Trading has received approval from the US Securities and Exchange Commission (SEC) to operate as a registered national securities exchange.
19 August 2008
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