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Danske Bank now under SEC microscope over money laundering

9 hours ago DieselGasoil Comments Off on Danske Bank now under SEC microscope over money laundering
FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo COPENHAGEN (Reuters) – The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC). Danske is already under investigation in Read More

Standard Chartered sets aside $900 million to cover U.S., British fines

17 hours ago DieselGasoil Comments Off on Standard Chartered sets aside $900 million to cover U.S., British fines
(Reuters) – Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent. People walk inside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip/File Photo The Read More

Daimler risks fine as German prosecutors launch new probe

1 day ago DieselGasoil Comments Off on Daimler risks fine as German prosecutors launch new probe
BERLIN (Reuters) – German prosecutors have launched a probe into Daimler for allegedly failing to prevent diesel (gasoil) emissions cheating, possibly resulting in a fine for the carmaker, as its legal woes mount up over the affair. The Daimler is seen during a press conference on the second press day of the Paris auto show, Read More

UBS to appeal after fined 4.5 billion euros in French tax fraud case

1 day ago DieselGasoil Comments Off on UBS to appeal after fined 4.5 billion euros in French tax fraud case
PARIS (Reuters) – A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo Shares in Read More

French court fines UBS 4.5 billion euros in tax fraud case

1 day ago DieselGasoil Comments Off on French court fines UBS 4.5 billion euros in tax fraud case
PARIS (Reuters) – A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.1 billion) in penalties. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. Read More

French court ruling due in UBS $6 billion tax case

1 day ago DieselGasoil Comments Off on French court ruling due in UBS $6 billion tax case
PARIS (Reuters) – A French court will rule on Wednesday whether UBS, Switzerland’s largest bank, helped wealthy French clients evade taxes between 2004 and 2012 and launder the proceeds. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo French prosecutors are demanding a 3.7 billion Read More

‘I do not recognize my country’: Yellow Vests who have lost eyes, limbs demand justice from Macron

5 days ago DieselGasoil Comments Off on ‘I do not recognize my country’: Yellow Vests who have lost eyes, limbs demand justice from Macron
French protesters have gathered for the 15th week of Gilets Jaunes rallies, with the injury toll from the civil unrest resembling that of a small war. Despite pleas from victims, however, Emmanuel Macron is tightening the screws. “This is not normal. We are in France, one of the oldest and best democracies in the world,” Read More

Vale's safety measures have not worked, CEO says as woes grow

1 week ago DieselGasoil Comments Off on Vale's safety measures have not worked, CEO says as woes grow
BRASILIA/RIO DE JANEIRO/SAO PAULO (Reuters) – Brazilian miner Vale’s safety procedures have not worked, the company’s chief executive said on Wednesday, responding to questions from lawmakers after one of the company’s dams collapsed last month with the loss of hundreds of lives. FILE PHOTO: Members of a rescue team search for victims of a collapsed Read More

Abide by the claw: Norway's Arctic snow crab ruling boosts claim to oil

1 week ago DieselGasoil Comments Off on Abide by the claw: Norway's Arctic snow crab ruling boosts claim to oil
OSLO (Reuters) – A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway’s grip on snow crab catches in the Arctic, a ruling that may also let Oslo claw more control of oil and gas from other nations. A fisherman holds a snow crab in Kjoellefjord, Norway, November 1, 2017. Read More

Britain's RBS one of eight banks in EU bond cartel probe – Bloomberg

1 week ago DieselGasoil Comments Off on Britain's RBS one of eight banks in EU bond cartel probe – Bloomberg
The logo of RBS (Royal Bank of Scotland) bank is seen reflected in the windows of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville LONDON (Reuters) – Royal Bank of Scotland is one of eight banks being probed by European authorities for its possible Read More