Aruna's Feed
Nov 25, 2014

HSBC admits fault, is fined by U.S. SEC over Swiss bank

WASHINGTON, Nov 25 (Reuters) – HSBC Holdings Plc
will pay $12.5 million to resolve charges that its Swiss private
banking unit illegally offered services to U.S. clients without
being properly registered, the U.S. Securities and Exchange
Commission said on Tuesday.

HSBC Private Bank agreed to admit wrongdoing to settle the
claims, the latest in a series of cases U.S. authorities have
brought against Swiss banks that helped Americans keep money in
overseas accounts and often avoid paying taxes.

Nov 25, 2014

Exclusive: U.S. prosecutors to interview London FX traders – sources

LONDON/WASHINGTON (Reuters) – U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters.

Officials from the U.S. Department of Justice will interview current or former employees at HSBC Holdings plc, among other banks, people familiar with the matter told Reuters.

Nov 21, 2014

Accused Colombia rebel extradited to U.S. to face hostage-taking charges

WASHINGTON (Reuters) – An accused member of the Colombian FARC rebel group was extradited from Colombia to face hostage-taking and terrorism charges in U.S. court in Washington, the U.S. Justice Department said on Friday.

Diego Alfonso Navarrete Beltran was charged in a 2011 indictment along with 18 other members of the Revolutionary Armed Forces of Colombia (FARC) group, the agency said.

Nov 14, 2014

After plea deal, Credit Suisse faces U.S. hearing on pension business

WASHINGTON (Reuters) – Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans’ retirement funds after its decision to plead guilty to tax crimes.

The U.S. Department of Labor on Friday solicited public input for a Jan. 15 hearing on whether to issue its recommended 10-year exemption for Credit Suisse to continue to provide services to pension plans.

Nov 13, 2014

Global banks entering higher-stake phase of forex probes

WASHINGTON/NEW YORK (Reuters) – The $4.3 billion in civil settlements struck Wednesday between six global banks and U.S. and U.K. authorities over foreign exchange market manipulation sets the stage for negotiations over related ongoing probes that could bear much more severe consequences.

    Citigroup, UBS, HSBC, Royal Bank of Scotland, JPMorgan Chase & Co and Bank of America agreed to make the payment to settle civil claims they failed to stop traders from trying to rig the foreign exchange market.

Nov 9, 2014

Obama’s attorney general pick is change of style, not substance

WASHINGTON (Reuters) – President Barack Obama on Saturday picked Brooklyn federal prosecutor Loretta Lynch to be the next U.S. attorney general, signaling a change in style but a continuation of the law enforcement priorities the administration has pursued.

If confirmed, Lynch, 55, would be the first black woman to serve in the post, bringing with her a family history that stretches back generations to great-great-grandparents who were slaves.

Nov 8, 2014

Obama picks NY prosecutor Lynch to be next attorney general

WASHINGTON (Reuters) – President Barack Obama on Saturday picked Brooklyn federal prosecutor Loretta Lynch to be the next U.S. attorney general, praising her as someone who would bring a commitment to criminal justice reform and other key administration priorities.

If confirmed, Lynch, 55, would be the first black woman to serve in the post, bringing with her a family history that stretches back generations to great-great grandparents who were slaves.

Nov 8, 2014

Obama picks Brooklyn prosecutor Lynch for attorney general

WASHINGTON (Reuters) – President Barack Obama will nominate Brooklyn federal prosecutor Loretta Lynch to replace the retiring Eric Holder as U.S. attorney general and if confirmed, she would become the first black woman to serve in the post, the White House said on Friday.

The 55-year-old North Carolina native and Harvard-trained lawyer has deep experience in both civil rights and corporate fraud cases. Lynch is known for a low-key personality and stirred little controversy during two tenures as U.S. Attorney for the Eastern District of New York.

Nov 7, 2014

Obama expected to nominate Loretta Lynch for attorney general: CNN

WASHINGTON (Reuters) – President Barack Obama is expected to pick Brooklyn prosecutor Loretta Lynch for his next attorney general, CNN reported on Friday, a move that would give the top U.S. law enforcement role to a low-key prosecutor with deep experience in both civil rights and corporate fraud cases.

Lynch, 55, the U.S. Attorney for the Eastern District of New York, would be the first African-American woman to hold the job if nominated by Obama and confirmed by the Senate.

Nov 7, 2014

Obama expected to nominate Loretta Lynch for U.S. attorney general -CNN

WASHINGTON, Nov 7 (Reuters) – President Barack Obama is
expected to pick Brooklyn prosecutor Loretta Lynch for his next
attorney general, CNN reported on Friday, a move that would give
the top U.S. law enforcement role to a low-key prosecutor with
deep experience in both civil rights and corporate fraud cases.

Lynch, 55, the U.S. Attorney for the Eastern District of New
York, would be the first African-American woman to hold the job
if nominated by Obama and confirmed by the Senate.