UBS shares decrease after US Department of Justice investigation LeapRate

September 28, 2023 BY Elizabeth Anderson

UBS shares decrease after US Department of Justice investigation

Bloomberg News reported that the U.S. Department of Justice launched an all-out probe regarding sanction violations by Credit Suisse. As UBS merged with Credit Suisse earlier this year, it invariably falls under the authority’s spotlight, too. The Swiss government orchestrated the UBS emergency takeover to prevent an economic meltdown in Switzerland and the global impact…

August 29, 2023 BY Elizabeth Anderson

Binance reconsidering strategic ties with Russia

Authorities believe Binance assisted and is assisting Russians to transfer funds out of Russia, despite the company’s claims that it stopped all operations in this country. This crypto exchange also stressed its support of Western-based sanctions against Russia after it invaded Ukraine. To align its activities with the said sanctions, Binance said it had limited…

January 13, 2017 BY Valentina Kirilova

Second foreign currency exchange dealer pleads guilty to antitrust conspiracy

A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for the Southern District of New York, Christopher Cummins was a dealer of Central and Eastern European,…

October 10, 2016 BY Valentina Kirilova

Deutsche Bank shares plunge after no deal reached with the U.S. Department of Justice

Deutsche 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…

August 17, 2016 BY Valentina Kirilova

ICE announces expected closing for acquisition of S&P Global’s Securities Evaluations and Credit Market Analysis

Operator of exchanges and clearing houses Intercontinental Exchange (NYSE: ICE) has announced that following U.S. Department of Justice clearance, the company will close its acquisition of S&P Global’s (NYSE: SPGI) Securities Evaluations (SPSE) and Credit Market Analysis (CMA), two assets within the S&P Global Market Intelligence division. ICE shared that it expects to fund the purchase price…

May 06, 2015 BY Mike Fox

JPMorgan Chase & Co. in 'advanced' talks to settle Forex manipulation charges

Settlement talks keep advancing involving major banks regarding the FX scandal revolving around the 4pm fix benchmark WM/Reuters rate service.

Tag: U.S. Department of Justice