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Crime : Page 151

Mortgage lender PHH agrees to pay $74 million settlement

August 9, 2017
Federal prosecutors in Minnesota say PHH Corp. and two subsidiaries have agreed to pay over $74 million to settle allegations they violated standards for underwriting government-backed mortgages.

Ofcom fines KCOM £900,000 on emergency services fault

August 8, 2017
KCOM Group has been fined by UK communications regulator Ofcom following an investigation that found the main telephone broadband network in Kingston upon Hull broke regulations ensuring every individual can contact the emergency services at all times.

Citigroup to pay $130 million to end Libor rigging lawsuit in U.S

August 8, 2017
Citigroup has agreed to pay $130 million to settle private U.S. antitrust litigation accusing it of conspiring with rivals to manipulate the Libor benchmark interest rate.

CFTC finds that Bank of Tokyo-Mitsubishi engaged in futures spoofing

August 8, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against The Bank of Tokyo-Mitsubishi UFJ (BTMU).

Company that pretended to be Google is shut down

August 7, 2017
Movette, a Manchester-based company which misrepresented itself as Google when selling a service has been wound up in the High Court.

Martin Shkreli is convicted of fraud

August 4, 2017
Former drug company executive Martin Shkreli was convicted of securities fraud by jurors in a U.S. court in Brooklyn, after a highly publicized, monthlong trial.

Volkswagen manager in U.S. custody wants to plead guilty over Dieselgate

August 4, 2017
Oliver Schmidt, the Volkswagen manager who was arrested in the United States earlier this year, wants to plead guilty over his role in the "dieselgate" scandal, the newspaper Frankfurter Allgemeine Zeitung reported.

Power companies in China fined $10.8 million over price collusion

August 4, 2017
A total of 23 power companies in northern China's Shanxi Province, including subsidiaries of four state-owned enterprises (SOEs) supervised by the central government, have been fined over price fixing, China's economic planner said Thursday.

Australia's largest bank accused of terrorism financing breaches

August 4, 2017
Australia's largest bank may face extensive fines after the country's financial intelligence and regulatory agency accused it of breaching anti-money laundering and counter-terrorism financing laws.

PCAOB announces $1 million settlement with PWC

August 4, 2017
The Public Company Accounting Oversight Board announced that it censured and imposed a $1 million civil penalty against PricewaterhouseCoopers (PWC) for violations in its examination and audit of Merrill Lynch, Pierce, Fenner & Smith, Incorporated's compliance with the Securities and Exchange Commission's Customer Protection Rule in fiscal year 2014.

JPMorgan Chase to pay $4.6 million penalty

August 3, 2017
The Consumer Financial Protection Bureau (CFPB) took action against JPMorgan Chase Bank, N.A. for failures related to information it provides for checking account screening reports.

China fines domestic medicine companies for monopoly pricing

July 31, 2017
China's top economic planner announced Monday that two domestic medicine firms had been fined for monopoly pricing practices.
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