Ben Radclyffe, who serves as commercial director, will have enhanced responsibility for client relationship handling and oversight of financial products. With 20-year background in finance and trading technology, he joined the company in March 2020, having worked at Deutsche Bank, UBS and Tower Research Capital. David Wong, Chairman of 100x Group, commented: These changes to…
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It is one thing for a crypto-related company to sell tokens in an Initial Coin Offering that are most definitely securities under the law, but when a company professes a shift to blockchain, then lists on the Nasdaq, its management team better be up to speed on required SEC filing protocols and share registrations. Apparently,…
Read moreDeutsche Bank (DBKGn.DE) shares fell more than 3% early Monday after Chief Executive John Cryan failed to secure a speedy deal with the U.S. Department of Justice (DoJ) at the weekend over the misselling of mortgage-backed securities. Cryan was attending the International Monetary Fund and World Bank's autumn meetings in Washington, hoping that he might personally negotiate down…
Read moreDeutsche Bank had begun settlement talks with the US Department of Justice over its probe into the German bank’s origination and securitisation of mortgage-backed securities, as it posted a slump in second-quarter profits. John Cryan, chief executive, has made clear that he wants to resolve Deutsche Bank’s big outstanding legal cases quick. Deutsche Bank had…
Read moreBank Forex executive Mark Johnson, HSBC's global head of foreign exchange cash trading in London has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to press reports, Mr. Johnson has become the first person to be charged in the Justice Department's three-year probe into forex rigging at global banks. He…
Read moreTullett Prebon Plc (LON:TLPR) has just provided an update regarding the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP). Regulatory approvals Tullett Prebon said there was no further information on discussions with the United States Department of Justice (DOJ), which in February requested additional information and documentary material regarding…
Read moreTullett Prebon Plc (LON:TLPR) has earlier today issued an update about the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP). Tullett Prebon said it received a request for additional information and documentary material from the United States Department of Justice (DOJ) in connection with the transaction. This form of…
Read moreBloomberg first reported on the confidential investigation in which U.S prosecutors are using cooperation agreements it reached with banks in May to gather information and interview traders about suspected market rigging.
Read moreThe financial services giant has reached a settlement with DoJ and the Fed, along with an agreement to settle a private class action in the US.
Read moreThe DOJ, however, terminated the 2012 non-prosecution agreement with the bank, which will lead to UBS paying a $203 million fine for LIBOR manipulation.
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