1213 articles tagged with this keyword
News/Legal
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.
Jerome Kerviel has been found guilty of forgery, breach of trust and unauthorised computer use by a Paris court in relation to 2008's EUR4.9 billion rogue trading loss at Société Général.
05 October 2010
Ukrainian authorities have arrested five people accused of being "key subjects" in an international criminal ring that used the Zeus Trojan to steal $70 million from online bank accounts.
04 October 2010
US authorities have charged over 70 people accused of using the infamous Zeus Trojan to steal more than $3 million dollars from online bank accounts.
01 October 2010
A federal judge has doubled the damages US Bank must pay DataTreasury for cheque processing technology patent infringements to around $54 million.
30 September 2010
UK police have arrested 19 people in connection with the theft of millions of pounds from online bank accounts.
29 September 2010
Actress Lindsay Lohan has settled a $100 million law suit accusing online broker E*Trade of basing a "milkaholic" baby in a TV commercial on her.
21 September 2010
A London court has jailed two men found guilty of running a fake credit card factory and using the counterfeit plastic to buy luxury goods worth hundreds of thousands of pounds.
17 September 2010
EX-IBM executive Robert Moffat has been jailed for six months for his part in the Galleon hedge fund insider trading case, which prosecutors call the biggest of its kind in history.
14 September 2010
One of the ringleaders of the 2008 cyber-attack on RBS WorldPay's computer network, which led to the theft of over $9.4 million, has escaped with a six year suspended sentence, according to press reports.
09 September 2010
Banknote manufacturer De La Rue has called in the Serious Fraud Office after establishing that staff "deliberately falsified" paper specification test certificates in a scandal the firm estimates will cost it at least £35 million.
08 September 2010
An American mortgage firm staffer has been arrested after allegedly getting drunk and shooting the company's computer server.
27 August 2010
Norwegian police have arrested two men accused of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to local press reports.
18 August 2010
Barclays is set to pay $298 million to settle criminal charges that it violated US sanctions by facilitating payments for Cuba, Iran, Libya, Sudan and Burma, among others.
17 August 2010
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