1159 articles tagged with this keyword
News/Legal
UK-based ID Data Group says its core unit - ID Data Limited - has filed for administration in a last-ditch attempt to secure a sale of the business.
16 October 2008
The European Commission (EC) says it is proposing an extension of existing regulations to ensure that cross-border direct debit payments made in euros cost the same as domestic transactions.
15 October 2008
Thousands of Japanese police officers have been guarding ATMs around the country today in a bid to stop elderly people falling victim to fraudsters, according to press reports.
Barclays Capital has been forced to file a legal relief motion relating to its acquisition of Lehman Brothers' US assets after a reformatting error with an Excel spreadsheet resulted in 179 contracts being mistakenly included in the purchase agreement.
Discover Financial Services has settled a long running anti-trust lawsuit that accused rivals MasterCard and Visa of blocking access to the bank-issued card market in the US.
14 October 2008
The European Commission (EC) has set out proposals for a legal framework governing the issuance of electronic money which it hopes will accelerate take-up of the technology.
13 October 2008
A Romanian man has pleaded guilty in a US court to charges related to a phishing scam that saw him defraud over 7000 victims of around $700,000.
10 October 2008
ING Direct - the Web and telephone banking business of Dutch group ING - is acquiring £2.5 billion worth of retail deposits held by UK customers of Kaupthing Edge, the Internet-only arm of the Icelandic bank, under a deal backed by the UK Treasury.
08 October 2008
Multi-lateral trading facility Chi-X Europe says its trading participants can now provide their clients with a "sponsored access" direct connection to its matching engine after the Financial Services Authority (FSA) approved the move.
07 October 2008
Dutch scientists have finally published a research paper outlining security flaws found in the Mifare chips used in Transport for London's Oyster smart cards.
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
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