A senior executive for the Chinese tech giant Huawei lost a British High Court bid Friday to access banking records which she said would help her battle extradition from Canada to the U.S.
Read more
A federal court in New York conditionally dismissed a suit brought by hundreds of judgment creditors of Iran against Turkey’s Halkbank relating to claims it skirted U.S. sanctions against Iran and supported state-sponsored terrorism. Most of the plaintiffs do not live in the U.S. and Turkey would be a more appropriate forum for the case.
Read more
A group of Sudanese refugees have sufficiently alleged that BNP Paribas cooperated with the Sudanese regime and knew or should have known that it was contributing to the regime’s human rights abuses, a federal court in New York ruled, finding the refugees may pursue some of their claims against the French bank.
Read more
Citibank’s mistake is now money in the bank for lenders that got paid out, a federal judge ruled, saying the financial titan can’t claw back its erroneously distributed cash.
Read more
Huawei took U.K. bank HSBC to court on Friday seeking documents the Chinese company says are key to its legal efforts to stop its chief financial officer from being extradited to the U.S. from Canada.
Read more
The Vatican’s criminal tribunal on Thursday convicted the former head of the Vatican bank and his lawyer of embezzling millions of euros in proceeds from the sales of Holy See-owned real estate, and sentenced them to nearly nine years in prison each.
Read more
Seven former and current bank employees have been arrested in Hong Kong as part of a major operation against a US$810 million international money-laundering syndicate, police said Wednesday.
Read more
Pledging to pay $130 million, Deutsche Bank resolves claims that it fraudulently hid bribery payments and “spoofed” prices in the precious metals futures markets.
Read more
A Swiss court has ruled the country’s postal bank can refuse an account to Russian oligarch Viktor Vekselberg, who lives in Switzerland and faces U.S. sanctions, Swiss media reported Thursday.
Read more
The Swiss attorney general’s office said Thursday it has filed an indictment against bank Credit Suisse for allegedly failing to do enough to stop money laundering linked to drug trafficking by a Bulgarian criminal organization that also involved a wrestler who once hauled millions in notes by car to Switzerland.
Read more
Mexican regulators said Wednesday that the two firms handling the country’s debit or credit card settlement process represent a near monopoly, and have recommended that leading banks be forced to sell off their ownership share in the companies.
Read more
A Dutch court on Wednesday ordered prosecutors to open a criminal investigation into the former CEO of ING bank, Ralph Hamers, for his role in a money laundering scandal that led to a huge settlement in 2018.
Read more
A large gang of heavily armed bank robbers invaded the Brazilian city of Cameta just one day after a similar force struck another mid-sized city on the opposite side of the country, taking residents hostage as they looted a bank.
Read more
Dozens of gunmen armed with assault rifles invaded a city in southern Brazil overnight Tuesday and took control of the streets as they assaulted a local bank.
Read more
A Swiss photographer who closed a door on a Chinese mainlander moments before he was assaulted during last year’s Hong Kong protests was on Friday found not guilty of aiding the attack.
Read more
White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in a new report.
Read moreA federal court in Ohio certified a class of all banks, credit unions and financial institutions in the U.S. that had to reissue credit cards or reimburse their customers because of a 2017 data breach in which hackers stole customer credit card data from more than 760 Sonic fast-food restaurants.
Read moreA federal court in California preliminarily approved a class action settlement with online-only bank Chime for freezing its customers out of their bank accounts during a system-wide service outage for three days.
Read more
A European Court of Justice magistrate found Thursday that Italy’s rescue plan for a failing bank was legal and did not break European rules limiting government aid to private businesses.
Read more
Police in the ex-Soviet republic of Georgia were looking Thursday for a bank robber who held over 40 people hostage for hours before releasing them and escaping with $500,000 given to him by authorities.
Read more