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Tag Archives: fines

Global banks fined billions for market rigging

Traders with nicknames like the “Three Musketeers” and the “A-Team” plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients — and then congratulating themselves for their brilliance — regulators said Wednesday, as they fined five banks $3.4 billion.

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Barclays, Goldman, Merrill fined $1 million each

The Financial Industry Regulatory Authority said Wednesday that it fined investment banks Barclays, Goldman Sachs and Merrill Lynch $1 million each for providing incomplete and inaccurate information about trades the companies conducted.

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U.S. seeks $162M in fines against AMR, American Air

DALLAS — Federal safety regulators are seeking up to $162.4 million in fines against American Airlines and its affiliates for alleged violations of U.S. safety standards going back several years. The sanctions would dwarf any previous penalties against an airline. ...

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Capital One to pay $210M over marketing tactics

WASHINGTON — The Obama administration’s consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services. Capital One will pay ...

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Supreme Court won’t hear ‘wardrobe malfunction’ appeal

WASHINGTON — The Supreme Court decided Friday not to consider reinstating the government’s $550,000 fine on CBS for Janet Jackson’s infamous breast-baring “wardrobe malfunction” at the 2004 Super Bowl. The high court refused to hear an appeal from the Federal ...

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