John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.
Legal & Regulatory
Appeals court on Delta vs Ex-Im Bank: decision stands
A United States appeals court lets stand Ex-IM's loans. (Photo : REUTERS)The Delta airline logo is seen on a strap at JFK Airport in New York A United States appeals court lets a two-year old decision by the United States Export-Import Bank stand this Tuesday.
Swiss banks' privacy under pressure from US and Europe
Banks from Switzerland are being pressured by European and United States governments to release private information.
Insurers still unable to break rule deadlock
Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.
Poloz: Bank of Canada in Uncharted Territory
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
Latest News
On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.
Sky Deutschland's supervisory board will be joined by James Murdoch, causing the shares of the company to fall.
Both antitrust regulators on both sides of the pond approved the sale of 49% of Virgin Atlantic to Delta Airlines.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
PricewaterhouseCooper, the administrators over the Lehman Brothers Europe post 2008, has announced the payout of a partial sum for unsecured creditors.
Chinese security agency CSRC halted the upcoming IPO of Tianfon as part of its anti-fraud campaign. (Photo : Reuters)The Chinese flag waiving in front of rising business sectors The government of China is reported to have started its investigation of Everbright Securities Co.
Orascom, the subsidiary of Vimpelcom, had withdrawn its bid to gain majority interest in Wind Mobile.
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
The Belgian regulatory authorities have imposed fines on former CEOs and insurer of Fortis because of delayed information or incorrect information dissemination.
