Exxon is mulling its legal options. U.S. District Court Judge David Hittner has ruled that ExxonMobil Corp will have to pay $19.95 million as a penalty for pollution released from its Baytown, Texas, refining and chemical plant complexes between 2005… Read More ›
compliance
AIA’s CEO joins embattled HSBC as non-executive Group Chairman
The move comes in the wake of HSBC’s lawyers urging a federal appeals court to not to reveal Michel Cherkasky’s reports. In a telling development, Hong Kong-based AIA Group’s President and CEO has stated that he will be leaving the… Read More ›
Banks paid $321 billion in fines after the 2007-2008 financial crisis: Boston Consulting Group
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
VW’s executive arrested in Florida on charges of fraud
The timing of the arrest is unusual given the extensive negotiations VW has had with U.S officials on ways to surmount and move past the diesel emission. The New York Times has reported that the Federal Bureau of Investigation has… Read More ›