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Federal judge orders disclosure of frozen North Korean funds to Warmbier family
A federal judge entered an order on Monday allowing various banks to release confidential information to the Warmbier family about several frozen North Korean accounts to aid the family with collecting on a $500 million judgment for the 2017 death of (More)
Philadelphia sues 7 banks alleging municipal bond collusion
The city of Philadelphia filed a lawsuit Wednesday accusing Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of defrauding the city and public entities out of m (More)
JPMorgan agrees to $135 million settlement for improper handling of ADRs
The US Securities and Exchange Commission (SEC) announced Wednesday that JPMorgan Chase Bank N.A. has agreed to pay a $135 million settlement for charges related to improper handling of "pre-released" American Depository Receipts (ADR).The SEC fo (More)
Trump signs Dodd-Frank rollback into law, ending Obama-era banking rules
US President Donald Trump signed a bill into law Thursday that decreases some Obama-era regulations imposed on banks by the Dodd-Frank Act .Trump's signature comes just two days after House approval on Tuesday.The new law allows banks with (More)
Congress approves bill to roll back bank regulations
In a 258-159 vote, the US House on Tuesday approved a bill to decrease some regulations that Dodd-Frank imposed on banks during the Obama administration.This vote follows an executive order President Donald Trump issued last year, ordering the (More)
DOJ begins compensating victims of Bernie Madoff Ponzi scheme
The US Department of Justice (DOJ) announced Thursday that it has begun distributing compensation to victims of Bernie L. Madoff Investment Securities LLC's (BLMIS) Ponzi scheme.The first set of distributions involve $722.5 million that will be d (More)
Britain charges Barclays and top executives with fraud and conspiracy
Britain's Serious Fraud Office (SFO) charged Barclays and four of its former executives on Tuesday with conspiracy to commit fraud and violation of the Companies Act of 1985 by providing unlawful financial assistance. The case concerns agreements (More)
EY report: fraud remains common in international business
There are still persistent levels of unethical business conduct around the world as there has been great political change and increased economic uncertainty, stated Ernst & Young's Fraud Investigation & Dispute Services in their 2017 Fraud Survey (More)
UK Supreme Court rejects JPMorgan executive's wrongful identification claim
The UK Supreme Court ruled on Wednesday that the Financial Conduct Authority (FCA) did not misidentify former JPMorgan official Achilles Macris in its penalty notice in connection with the "London Whale" Scandal. The FCA agreed that a conclusion (More)
International Treaty and Constitution: Contradictions of Cameroon
JURIST Guest Columnist Doris Toyou of the University of Pittsburgh School of Law discusses treaty translation issues in the nation of Cameroon... The 2016 unrest in the Republic of Cameroon ("Cameroon") started when a group of Anglophone lawyers dema (More)
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