General Motors Co agreed to pay $900 million and admit to misleading the government and the public about the safety of its vehicles to end a U.S. criminal investigation into its handling of defective ignition switches linked to 124 deaths.
Deutsche Bank said none of its management board members had been found to have been involved in or aware of efforts by dozens of its staff to manipulate benchmark interest rates like Libor over a seven year period.
CFTC Releases Annual Enforcement Results for Fiscal Year 2014, whihc shows the Commission obtained a Record $3.27 Billion in Monetary Sanctions
Bank of America Corp.’s Countrywide unit should pay the maximum of $2.1 billion in penalties for selling defective mortgage loans to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, the U.S. said.
The former UBS AG trader at the center of a global investigation into manipulation of interest rates may face criminal charges this week.
The Financial Industry Regulatory Authority was busy in 2012, assessing $68 million in fines and ordering a record $34 million in restitution.
The U.S. Supreme Court signaled it may tighten the time limits that apply when the Securities and Exchange Commission and other government agencies seek to impose fines on people and companies accused of fraud.
Banks deemed to be too-big-to-fail should hold more capital reserves to protect against operational risks, such as rogue traders, regulatory fines and fraudulent employees, the Financial Stability Board said.