World’s biggest cyber heists, the theft of $81 million from the Bangladesh central bank, seems to be the handiwork of Chinese hackers according to a senator in the Philippines. On the other hand, a female bank manager in Manila accused… Read More ›
Regulations & Legal
DOJ drags ValueAct to court for regulatory notification violations
ValueAct had settled earlier disputes by paying a penalty of $1.1 million. In this case however, the lawsuit hinges on the definition of “passive” holdings as defined in the Hart-Scott-Rodino (HSR) Act. Citing violations of notification requirements related to Halliburton… Read More ›
Governments across the globe to probe information in Panama Papers
The Panama Papers come at a time when countries across the globe are facing a financial shortfall. It would be in their interest to recover monies illegal parked in offshore accounts. With the leaking of documents from a Panamanian law… Read More ›
Financial details of the wealthy and corrupt – leaked
Is this another Edward Snowden for financial dealings? In a development that is likely to have serious wide ranged implications, tax authorities in New Zealand and Australia are investigating into a massive data leak from a Panama based law firm… Read More ›
Fiat Chrysler China to recall 60K SUVs over ABS issue
China’s car safety watchdog AQSIQ has said that 60K SUVs are to recalled for ABS malfunction. As per a statement by China’s car regulator, Fiat Chrysler Automobiles NV’s China unit is all set to recall around 60,000 sport-utility vehicles in… Read More ›
SunEdison at heightened risk of bankruptcy
Its aggressive acquisition strategy has saddled it with a whopping $11 billion in debt. However, since TerraForm Global Inc and TerraForm Power Inc, its sibblings, are yieldcos, with separate legal identities, they need not follow SunEdison if it were to… Read More ›
First Report Cards from Banking Standards Board Issued to UK Banks
The body set up to improve standards and bolster the industry’s reputation in the wake of the Libor-rigging crisis, handed over their first report cards for Britain’s major banks. The assessments of the behaviour and culture inside the major banks… Read More ›
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