1186 articles tagged with this keyword
News/Legal
Bank of American has won a court order temporarily preventing four former wealth management employees from using client data at their new firm, Dynasty Financial Partners, a provider of technology and services to investment advisors.
15 December 2010
Former Goldman Sachs computer programmer Sergey Aleynikov faces up to 15 years in prison after a New York jury found him guilty of stealing propriety code connected to the investment bank's high-frequency trading platform.
13 December 2010
MasterCard's Web site is offline after a suspected attack from hackers in retaliation for the card company's decision to cut off payments to whistle-blowing outfit WikiLeaks. The attacks appear to have also hit the MasterCard SecureCode service, disrupting potentially millions of online transactions.
08 December 2010
MoneyGram has won an appeal against a patent infringement judgement that saw it ordered to pay rival outfit Western Union $16.53 million.
An IT worker at Sainsbury's has admitted stealing Nectar reward points worth over £73,000 from the supermarket.
06 December 2010
A UK teenager who ran a cybercrime Website retailing stolen credit card details worldwide is facing a lengthy prison sentence after admitting fraud charges at Southwark Crown Court.
24 November 2010
A former SocGen trader accused of stealing the bank's trading code for use in his new hedge fund job has been found guilty in a trial in Manhattan.
23 November 2010
US bank Citi is looking to hire an attorney to provide legal oversight for its social media activities.
18 November 2010
A man has been sentenced to five years in jail for his part in running a North London counterfeit credit and debit card factory.
15 November 2010
BGC Capital Markets has accused bitter rival Tullett Prebon of stealing its proprietary pricing data in a lawsuit that seeks "hundreds of millions of dollars" in restitution.
10 November 2010
A former SocGen trader has gone on trial in Manhattan accused of stealing proprietary computer code used in the bank's high-frequency trading (HFT) system.
Authorities in Moldova have arrested six bank employees accused of laundering money for the international criminal ring that used the Zeus Trojan to steal millions of dollars from online bank accounts.
09 November 2010
A pair of criminals have received three year jail terms for fitting London ATMs with card trapping devices and mobile phones for filming people entering their PIN numbers.
29 October 2010
Financial messaging body Swift has pledged to improve the sanctions screening process designed to stop the flow of illegal money transfers by launching an outsourcing service for small banks.
27 October 2010
A pair of Norwegian day traders have been convicted of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to the Financial Times.
14 October 2010
TCF Bank has filed a lawsuit against the Federal Reserve in a bid to block the upcoming rule change on interchange fees passed by Congress as part of the Dodd-Frank Act.
13 October 2010
Bank of America has accused a former computer programmer of stealing trade secrets from the bank before he was laid off last month.
08 October 2010
A computer programmer has been found guilty of planting a malicious script on the computer servers of former employer Fannie Mae in a bid to destroy all the firm's data.
07 October 2010
Securency, a banknote maker half owned by the Reserve Bank of Australia, has been hit by raids in Melbourne, the UK and Spain by police looking for evidence of corruption and bribery, according to The Age newspaper.
06 October 2010
Deutsche Börse will restart trading in around 700 corporate bonds over its electronic trading system Xetra on Monday after an interim court injunction was lifted.
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