It had earlier this year censured Goldman Sachs for a deal dating back to 2014. Hong Kong’s Securities and Futures Commission (SFC) has disclosed that it has censured two units of Bank of America for multiple breaches of the region’s… Read More ›
Regulations & Legal
Access to EU’s single market, ala Swiss Swiss Style isn’t automatic – French Foreign Minister
Before the negotiations begin, the British need to be clear what they want and who will represent the country in its talk with the EU. Jean-Marc Ayrault, France’s Foreign Minister has stated that Britain needs to decide who will represent… Read More ›
SEC files lawsuit against Chris Faulkner and his companies
According to the charges filed by the SEC, Faulkner’s inflated projections drew in large investors. He used the money for personal gratification, including visit to strip clubs and private escort services. His companies have inflated their revenues and have little… Read More ›
U.S. Trade Agency Rules Arista Infringes Cisco Networking Patents
After the U.S. International Trade Commission ruled Arista infringed three of Cisco’s patents with its ethernet switches used in computer data centers and servers, network equipment maker Cisco Systems Inc won a key victory in a sprawling legal battle with… Read More ›
Controls on Paid-for Internet Search Ads Tightened by China
Making it clear which results are paid-for and limiting their numbers, China’s internet regulator said on Saturday that search engines should tighten management of paid-for ads in search results. The Chinese government has already expressed its intention to codify its… Read More ›
Warrants Issued by South Korean Court Against VW Executive over Emission Probe
In another blow to the German automaker Volkswagen’s efforts to move on from the emission scandal, a South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of… Read More ›
Brexit Fallout – SNB confirms intervention in forex market
Switzerland’s National Bank has confirmed that it has intervened in the sudden rise of the franc in the wake of Brexit. With Brexit voters choosing to leave the European Union, Switzerland’s central bank has given a rare confirmation that it… Read More ›
Fiat Chrysler owners file class action suit for concealing poor design
After due testing, according to the U.S. National Highway Traffic Safety Administration (NHTSA), the electronic gear shifter was “not intuitive and provides poor tactile and visual feedback to the driver, increasing the potential for unintended gear selection.” The timing of… Read More ›
British markets plunge on the eve of referendum
London bankers have rarely witnessed the scale of the volatility that is sweeping through Britain’s financial markets. If British voters choose to remain within the EU, the market could perhaps reverse the losses, however if Brexit were to happen …… Read More ›
Volkswagen likely to incur at least $10.3 billion in settlement charges with EPA
The compensation amount of $10.3 billion does not include environmental costs, which could further boost the total cost of the diesel emission scandal. According to 3 sources who are knowledgeable with the matter at hand since they have been briefed… Read More ›
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