The executive is under investigation for aiding in illicit marketing, laundering and benefiting from the practices, Agnes Thibault-Lecuivre, a spokeswoman for the Paris prosecutors office, said Friday.
The Independent on Sunday has learnt that the Conservative deputy chairman, Michael Fallon, is a board member of a leading brokerage firm that dominates the rates market and which has been asked to co-operate with the Financial Services Authority's i
The European markets watchdog is investigating whether the big three credit ratings agencies' methods of evaluating banks are rigorous and transparent enough, its chairman Steven Maijoor told the Financial Times on Monday.
Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.
According to the report, the evolving regulatory framework for asset managers in a number of Asian countries, particularly with regard to consumer protection and fair dealing, is as tough as in Europe and the US.
Additionally, CIA did not have an AFSL, and was therefore trading illegally under the Corporations Act.
Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving
The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec
The married father of two, of Irish descent, claimed colleagues refused to speak to him because he was not Dutch.
The Board of Directors, in its regularly scheduled meeting Friday, reviewed the capital situation of Credit Suisse Group.