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Australia"s Westpac fined $2.4 million in rate case, fraction of penalty sought

Westpac Banking Corp won vindication of its decision to fight accusations its conduct in handling of a key rate was unconscionable as an Australian court fined it A$3.3 million ($2.4 million), far less than the sum sought by a regulator......»»

Category: topSource: reutersNov 9th, 2018

Australia"s CommBank accepts record fine in money-laundering case

Commonwealth Bank of Australia (CBA) has agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency. Ed Giles reports......»»

Category: videoSource: reutersJun 4th, 2018

Australia"s CommBank accepts record penalty in money-laundering case

SYDNEY (Reuters) - Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency......»»

Category: topSource: reutersJun 3rd, 2018

Morgan Stanley fined $10 million for lapses in money-laundering prevention

The Financial Industry Regulatory Authority (Finra) has fined Morgan Stanley $10 million. The industry funded watchdog announced the penalty on Wednesday in a press release, blaming the New York-based investment bank for its "anti-money laundering.....»»

Category: topSource: bizjournalsDec 26th, 2018

France fines washing machine makers $214 million for price rigging

France's competition authority on Thursday fined six home appliance makers a total of 189 million euros ($214 million) for price-rigging in 2006 and 2009, the largest penalty it has handed out so far this year......»»

Category: topSource: reutersDec 6th, 2018

CFPB chief dilutes penalty against payday lender: sources

Mick Mulvaney, the top cop for U.S. consumer finance, on Wednesday fined a payday lender $200,000 for wrongly hounding borrowers but the penalty fell short of the $3 million his predecessor was seeking, said three sources familiar with the move......»»

Category: topSource: reutersOct 24th, 2018

U.S. CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging

U.S. federal regulators on Wednesday ordered BNP Paribas to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp [BNPPSS.UL] for attempted manipulation of the ISDAfix benchmark......»»

Category: topSource: reutersAug 29th, 2018

Apple Fined for Error 53 in Australia

Apple Fined for Error 53 in Australia Apple was Tuesday fined Aus$9 million (US$6.7 million) by an Australian court for making false claims about consumer rights when refusing to fix .....»»

Category: topSource: livetradingnewsJun 19th, 2018

Apple has been fined $6.6 million for "misleading" iPhone and iPad users about third-party repairs (APPL)

Apple Apple fined $6.6 million for misleading Australia.....»»

Category: topSource: businessinsiderJun 19th, 2018

Australian court fines Apple $6.7 million over iPhone "bricking" case

SYDNEY (Reuters) - An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties......»»

Category: topSource: reutersJun 19th, 2018

Citibank Fined $100 Million for Manipulating Key Global Interest Rate

The decade-long LIBOR saga continues. Citibank on Friday reached a settlement with 42 U.S. states to pay a $100 million fi.....»»

Category: europeSource: fortuneJun 16th, 2018

Citibank fined $100 million for interest rate manipulation

Citibank will pay a huge fine for manipulating an important interest rate......»»

Category: topSource: moneyJun 15th, 2018

French bank fined $860 million for bribes and rate manipulation

Société Générale will pay more than $860 million in fines for bribing Libyan officials and manipulating a benchmark lending rate......»»

Category: topSource: cnnJun 4th, 2018

Société Générale fined $860 million for bribes and rate manipulation

Société Générale will pay more than $860 million in fines for bribing Libyan officials and manipulating a benchmark lending rate......»»

Category: topSource: moneyJun 4th, 2018

Australia"s CBA seeks redemption with record settlement

SYDNEY (Reuters) - Commonwealth Bank of Australia (CBA) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency......»»

Category: topSource: reutersJun 4th, 2018

Nirbhaya case: SC reserves order on plea seeking to review death penalty

Two of the four condemned convicts sought review of its 2017 verdict upholding death penalty awarded to them in the Nirbhaya gangrape and murder case.....»»

Category: topSource: business-standardMay 4th, 2018

Enbridge fined $1.8M for missing pipe inspection deadlines

Enbridge Inc. has agreed to pay a $1.8 million penalty in a deal with the U.S. government, which accused the Canadian oil transport company of missing deadlines for inspecting pipelines to prevent leaks......»»

Category: topSource: foxnewsMay 3rd, 2018

Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer

A Malaysian judge on Friday ruled in favor of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company's lawyer said, the first time a casino has been allowed to recover dues in the country......»»

Category: topSource: reutersJan 19th, 2019

U.S. regulators discussed record fine against Facebook for privacy violations

The penalty would be for violating an agreement with the government to safeguard users' personal data, according to people familiar with the matter. The fine is expected to be much larger than the $22.5 million levied against Google in 2012......»»

Category: topSource: washpostJan 18th, 2019

U.S. regulators have met to discuss imposing a record-setting fine against Facebook for privacy violations

The penalty is expected to be much larger than the $22.5 million fine the agency imposed on Google in 2012......»»

Category: topSource: washpostJan 18th, 2019

York Water announces settlement of rate case

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 18th, 2019