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Showing 341 - 350 of 819 results for "Settlement"

Former Goldman Sachs exec charged over $62m bribery

ELIZABETH MCARTHUR  |  TUESDAY, 17 DEC 2019
... Goldman Sachs. Leissner, who is married to fashion designer and TV personality Kimora Lee Simmons, has agreed to a settlement that sees him permanently barred from the securities industry. According to the SEC, in 2012 Leissner started bribing high ranking ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
Pershing Securities Australia has been charged after breaching client money obligations. The clearing and settlement solutions provider was charged with two counts of failing to pay client money into an account and one count of failing to comply with ...

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
The US Department of Justice has reached a settlement in its case against assets acquired by Low Taek Jho, also known as Jho Low, and his family. Jho Low allegedly misappropriated funds from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad ...

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
Disrupter stock exchange Chi-X has revealed it is forced to be a client of its competition - the ASX. The ASX currently has a monopoly when it comes to clearances and settlements in Australia. Chi-X chief operating and technology officer Mike Aikins ...

Broker fined for lavish entertainment

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... broker audio tapes that the FCA required. But, Tullett Prebon still got a 30% discount on its fine under the FCA's settlement discount scheme because it agreed to resolve the matter. Without this discount, the fine would have been £22 million.

mFunds crack $1 billion, PIMCO dominates

KANIKA SOOD  |  FRIDAY, 11 OCT 2019
... unlisted managed funds, allowing investors and advisers to buy and sell units in managed fund via a broker on the mFund settlement service. It was launched in 2014. Fixed income funds have proven to be the most popular offering on mFunds. They now represent ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
He said, he said. This must be a thing now. Just as US President Trump and his central bank governor Jerome Powell don't see eye to eye with the conduct of government and monetary policies, there is no meeting of the minds between Australian Prime ...

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... every day. The custody bank will now be able to settle its own high value payment obligations on a real-time gross settlement basis via the Reserve Bank Information and Transfer System (RITS). "As a direct clearer of Australian dollars, Northern Trust ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
"Help, I need somebody... Help me if you can, I'm feeling down... Help me get my feet back on the ground Won't you please, please help me." -- The Beatles Most major world central banks have already cut interest rates (more than once) and/or ...

Purdue bankruptcy vindicates ESG screens

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
... crisis in the US. Purdue announced its entire value will be "contributed for the benefit of the American public" in a settlement which is estimated to provide $10 billion to US states. The settlement between Purdue and 24 state attorneys general from ...