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US imposes record fine on BNP in sanctions warning to banks

Last Updated: Wednesday, July 02, 2014, 11:17

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations it violated U.S. sanctions against Sudan, Cuba and Iran, a severe punishment aimed at sending a clear message to other financial institutions around the world.

US Justice Department preparing to sue Citigroup

Last Updated: Saturday, June 14, 2014, 09:29

Spokesmen in New York for Citigroup didn't immediately return calls seeking comment on Friday.

BofA could pay at least $12 bn to settle US probes: Report

Last Updated: Friday, June 06, 2014, 08:10

Bank of America Corp could pay more than USD 12 billion to settle probes by the US Justice Department and a number of states into the bank`s alleged handling of shoddy mortgages, the Wall Street Journal said,.

International raid targets data-stealing computer virus: US

Last Updated: Tuesday, June 03, 2014, 04:32

An international dragnet has dismantled a global computer hacker network which used a sophisticated computer virus to steal millions of dollars from companies and consumers, the US Justice Department announced.

NGO challenges $13 bn JPMorgan Chase settlement

Last Updated: Tuesday, February 11, 2014, 14:46

A non-profit group filed suit on Tuesday over a record USD 13 billion settlement between the US Justice Department and JPMorgan Chase concerning high-risk mortgage securities it sold ahead of the housing bust.

US investigating Honeywell over export, import controls

Last Updated: Sunday, January 12, 2014, 21:44

The US Justice Department is investigating export and import procedures at Honeywell International Inc after the firm included Chinese parts in equipment it built for the F-35 fighter jet, three sources familiar with the matter said.

US expands China hiring probe to Morgan Stanley: Report

Last Updated: Wednesday, November 27, 2013, 10:51

The US Justice Department is probing Morgan Stanley for its hiring practices in China, according to a person familiar with the matter.

JPMorgan $13 bn mortgage settlement expected Tuesday

Last Updated: Tuesday, November 19, 2013, 23:27

JPMorgan Chase & Co is expected to sign a USD 13 billion agreement with the US government on Tuesday to settle claims it overstated the quality of mortgages sold to investors during the housing boom, two people familiar with the matter said.

Swiss banks urged to come forward or risk US prosecution

Last Updated: Sunday, November 17, 2013, 23:34

It applies to about 100 second-tier Swiss banks, which could have to disclose some previously hidden information.

Infosys likely to be fined $35 million for visa related violations

Last Updated: Tuesday, October 29, 2013, 12:22

Infosys is expected to be slapped a fine of USD 35 million -- said to be the largest immigration fine ever -- by the Justice Department for allegedly violating visa norms, the Wall Street Journal said.

For JPMorgan, ending criminal probe proves impossible for now

Last Updated: Monday, October 21, 2013, 09:16

JPMorgan Chase & Co CEO Jamie Dimon has pleaded with and complained to the US Justice Department but cannot convince the government to end its criminal probe of his bank because prosecutors are not yet certain of their findings, people familiar with the matter said.

‘JPMorgan in tentative $13 bn deal with US Justice Department’

Last Updated: Sunday, October 20, 2013, 09:47

JPMorgan Chase & Co has reached a tentative USD 13 billion deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis.