The governor of the Bank of England is backing Facebook’s new cryptocurrency, the Libra, saying it could unlock billions of dollars in new financing and spur development in Great Britain and beyond.
Read moreThe Delaware Chancery Court threw out a motion brought by Goldman Sachs that sought to dismiss a shareholder lawsuit accusing the firm of grossly overpaying its directors.
Read moreA New Jersey bank employee accused of helping another employee embezzle more than $1 million from their former employer implored a Third Circuit panel to let him send letters to the bank’s shareholders proclaiming his innocence.
Read moreThe World Bank on Tuesday downgraded its forecast for the global economy in light of trade conflicts, financial strains and unexpectedly sharp slowdowns in wealthier countries.
Read moreThe Delaware Chancery Court refused to dismiss a complaint against Lloyd Blankfein and other Goldman Sachs directors for the compensation they awarded themselves.
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(CN) – The Fifth Circuit dismissed a class action against UBS Financial Services Inc. brought by individual retail-brokerage customers affected by the fall of Enron in the early 2000s.
Read moreThe American Civil Liberties Union said Thursday that JPMorgan Chase has agreed to pay $5 million to settle a class action brought by male employees who said the bank denied them equal paid parental leave after their children were born.
Read moreFederal prosecutors seek a three-year prison sentence for former San Francisco police Officer Rain Olson Daugherty, who robbed two banks of $10,500.
Read moreA federal judge refused President Donald Trump an injunction Wednesday in the subpoena fight over his personal and business bank records at Deutsche Bank and Capital One.
Read moreThe Second Circuit revived a class action Wednesday against French bank BNP Paribas brought by refugees of Sudan’s ethnic-cleansing campaign who sought to hold the bank liable for claims that it helped a genocidal militia regime carry out the atrocities.
Read moreBacking a union’s suit against Deutsche Bank, the European Court of Justice ruled Tuesday that all employers must be required to have a system for tracking the working hours of staff.
Read moreThe San Francisco County Board of Supervisors voted unanimously Tuesday to require most businesses to accept cash rather than debit or credit cards only.
Read moreReviving fair-housing claims, the 11th Circuit ruled that Miami plausibly alleged Wells Fargo’s discriminatory mortgage-lending practices injured the tax base, resulting in “a disproportionate and excessive number of defaults by black and Latino homebuyers.”
Read moreWhen the week began, President Donald Trump sued Deutsche Bank and Capital One to quash the congressional subpoenas leveled against them. Two Committees from the House of Representatives returned fire just before the week closed.
Read morePresident Donald Trump previously declared his financial records from Deutsche Bank to be an investigatory “red line.” Congressional Democrats crossed it earlier this month, and now, Trump wants a federal judge to re-establish it.
Read moreAttorney Michael Avenatti pleaded not guilty Monday to federal charges accusing him of stealing millions of dollars from his clients, lying on income tax returns and deceiving investigators during bankruptcy proceedings.
Read moreThe Ninth Circuit affirmed that City National Bank engaged in self-dealing and breach of fiduciary duties in its employees’ 401(k) plans, compensating itself with self-approved fees from the plan’s assets.
Read moreTwo years ago, President Donald Trump answered in the affirmative when asked whether a subpoena of his Deutsche Bank financial records would cross a “red line.”
Read moreItalian bank UniCredit will pay $1.3 billion to settle charges by the U.S. government that it violated sanctions against Iran and other countries.
Read moreSome seven years after it forfeited $227 million for violating Iran sanctions, the U.K.-based Standard Chartered Bank agreed Tuesday to pay more than $1 billion for related conduct.
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