2nd April 2019
Two former Barclays bankers were sentenced on Monday to a total of nine years in jail after they were convicted by a London jury of conspiring to rig the Euribor global interest rate benchmark. Colin Bermingham, 62, a British former cash market expert and senior rate submitter, was sentenced to… Read More
29th March 2019
The United Kingdom’s Financial Conduct Authority (FCA) has fined Goldman Sachs International (GSI) £34,344,700 for failing to submit accurate data relating to over 200 million transactions over a period of almost ten years, ending as recent as 2017. The lender was unable to ensure it provided complete, accurate and timely… Read More
21st March 2019
AP — Diamond tycoon Nirav Modi, whose jewels once adorned stars from Bollywood to Hollywood, was ordered held without bail in London on Wednesday, more than a year after Indian authorities alleged he was involved in a $1.8 billion bank fraud. A judge remanded Modi… Read More
1st January 2019
China’s internet regulator said on Friday the recently published rules governing financial information providers are aimed at firms supplying information to an institutional audience and to specific investors, rather than the general public. Financial information services are different from internet news and information services, the Cyberspace Administration of China (CAC)… Read More
28th December 2018
President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration… Read More
24th December 2018
Police in London are urging the public to stay safe online when doing their Christmas shopping with figures showing a 24% rise in online shopping fraud during the Christmas period between 2015 and 2018. Individuals are being defrauded on popular social media websites and online auction sites, according to Auction… Read More
7th December 2018
Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. That was until her shock arrest in Canada… Read More
7th December 2018
The UK Serious Fraud Office (SFO) defended itself on Thursday against criticisms of “serious failings” after the collapse of a high-profile re-trial of former Tesco (TSCO.L) executives, insisting the prosecution had been in the public interest. New SFO director Lisa Osofsky has pledged to take on the “big guys” since… Read More
4th December 2018
Members of the European Parliament have called for an inquiry to examine various aspects of the cum-ex multi-billion euro tax fraud scheme, which has hit Germany and possibly several other European countries. The lawmakers want the probe to establish the ‘real actors’ behind the scam, whether there were breaches of… Read More
30th November 2018
A self-styled British trader, who conned financial experts and some of his closest friends out of millions of pounds in a nine-year investment scam, was sentenced by a London court to five years in jail on Thursday. Mark Starling, 57, pleaded guilty to fraud and operating a collective investment scheme… Read More