finance
-
Currency Rigging Scandal: Record Fines and the Investor Lawsuit That Followed
In June 2013, Bloomberg News published an investigation that exposed a long‑standing scheme to rig the world’s foreign‑exchange…
-
Portugal Splits Banco Espirito Santo in Two After Hidden Debts Surface
The troubles of Banco Espírito Santo did not start with the central bank’s action on August 3, 2014;…
-
Banco Espirito Santo Reborn as Novo Banco After Record 3.58 Billion Euro Loss
On 3 August 2014, Banco de Portugal exercised a resolution measure that divided Banco Espírito Santo (BES)—the nation’s…
-
BNP Paribas Pleads Guilty to Sanctions Violations
On this day, July 4, 2014, French multinational bank BNP Paribas has agreed to a guilty plea for…
-
Citigroup Faces Probes Over $400 Million Banamex Loan Fraud
For Citigroup, the $400 million fraud at its Mexican subsidiary Banamex is not just a one-time embarrassment. It…
-
JPMorgan Chase to Pay $2.6 Billion Over Failures to Flag Madoff
January 8, 2014 — The fine is $2.6 billion. That number is now fixed in the record. JPMorgan…
-
JPMorgan Fined $2.6 Billion Over Madoff Ponzi Scheme Role
On January 8, 2014, regulators ordered JPMorgan Chase to pay a $2.6 billion civil penalty for its role…
-
UBS Agrees to Pay $1.5 Billion in LIBOR Scandal Penalties
The $1.5 billion in penalties that UBS agreed to pay on December 19, 2012, highlight fundamental weaknesses in…
-
Coffees, Bollinger and a Fiddled Number: The Libor Scandal Revisited
Nearly a dozen years have passed since HSBC was implicated in the global LIBOR-rigging scandal, an episode that…
-
Barclays Fined £290M for Libor Manipulation
London, July 4, 2012 — infopulsetoday.com — Libor is a number. A single, small number — a fraction…
-
Mark-to-Market Accounting Did Not Cause the Financial Crisis
WASHINGTON, July 21 — Mark-to-market accounting, the practice of valuing assets and liabilities at current market prices, remains…
Most read
-
Nvidia shares fall 3% as traders open $9.1M short on Huang spy scandal
-
Japan Tobacco’s 272-yen dividend at risk as Putin seizes Russian assets, stock crashes 19%
-
Nasdaq Suffers Biggest Drop in 19 Months as AI Regulatory Fears Trigger Market Sell-Off
-
Citi Links Hormuz Reopening to Fed Rate Cuts and $5,000 Gold Target
-
Airline Stocks to Watch: Fuel Costs, Earnings, and Oil Volatility Drive Sector Focus
-
How Canada’s Real-Time Rail Modernizes Financial Networks and Boosts Business Efficiency
-
Boeing 777 Freighter Conversions Face Supply Crunch as New Jets Delay
-
Teen Pilots Rise: Safety Rules and Training Under Scrutiny
-
Boeing 777X First Delivery Slips to Twenty Twenty Seven Nearly Decade Late
-
Senate Demand on Musk Signals New Limits for Starlink Users
-
Why Fraud and Phishing Now Dominate Gallagher New Zealand Cyber Insurance Claims
-
Cotality Report: Louisiana Leads U.S. States in Extreme Weather Homeowner Losses
-
Home Depot Stock Jumps 7% as Democrats Sweep Congress and Housing Hopes Rise
-
Small Business Owners Face Harsh Collection on Pandemic Loans
-
Why 7.4% Mortgage Rates Freeze Markets While 1970s Double-Digit Rates Did Not
-
How Nigeria’s Lithium Factories Could Reshape Africa’s EV Battery Costs and Energy Security
-
Spain Withholds 12% of Olive Oil to Prop Up Prices
-
Kotak Neo’s Banerjee Ties Gold, Rupee and Copper to Crude Volatility and Fed Rate Hikes
-
El Niño and Iran War Drive Agricultural Commodity Prices to New Highs
-
ICE Brent Hovers Near $110 as Middle East Tensions Keep Risk Premium High