Federal prosecutors are weighing criminal wire fraud charges against General Motors Co over the company's failure to recall vehicles equipped with faulty ignition switches, the Wall Street Journal reported on Tuesday.
Seven of the most powerful figures in global soccer faced extradition to the United States on corruption charges after being arrested on Wednesday in Switzerland, where authorities also announced a criminal investigation into the awarding of the next two World Cups.
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Barclays Bank PLC (Barclays) for attempted manipulation, false reporting, and aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.
UBS will pay $545 million to U.S. authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.
Chicago Mercantile Exchange defended its efforts at pursuing market manipulation, with its spokeswoman Laurie Bischel stating that it “has a clear record of prosecuting spoofing as well as disruptive trading activity.”
The U.S. Commodity Futures Trading Commission issued five Orders filing and settling charges against Citibank, HSBC, JPMorgan, RBS and UBS for attempted manipulation of global forex benchmark rates to benefit the positions of certain traders.