The United States' (US) largest bank JPMorgan Chase & Co (JP) has agreed to pay US$23 million to settle allegations that it mishandled client funds by investing them in notes from the now bankrupt Lehman Brothers Holdings Inc (Lehman).
The New York State (NY) Department of Financial Services (DFS) has made available Notice of Inquiry on Virtual Currencies (12 August 2013) from DFS financial services superintendent Benjamin Lawsky, advising that the DFS "has launched an inquiry into the appropriate regulatory guidelines that it should put in place for virtual currencies".
The Annual Report 2012 (undated - French language version available only) (the report) recently released by France's financial intelligence unit Traitement du renseignement et action contre les circuits financiers clandestins (Tracfin) advises firms to increase vigilance in selling vineyards to Chinese, Russian and Ukrainian buyers.
New Zealand-based dairy firm Fonterra Cooperative Group (Fonterra) chief executive Theo Spierings has apologised at a press conference regarding unfolding developments surrounding the discovery of bacteria with the potential to cause botulism that may have contaminated vast volumes of Fonterra products sold across seven countries.
Former Goldman Sachs Group Inc (GS) trader Fabrice Tourre has been found guilty of breaching United States federal securities law by aiding and abetting Goldman's fraud and intentionally misleading investors in relation to the Abacus 2007-AC1 synthetic collateralised debt obligation.
Johnson & Johnson (J&J) has been ordered by the Higher People's Court of Shanghai to pay RMB530,000 (approximately US$87,000/€65,000) in damages to a China-based distributor for breaches of China's anti-monopoly law in relation to setting minimum prices to be charged by its distributors for surgical sutures.
The United States Department of Justice (DoJ) has submitted a proposal to address Apple Inc's (Apple) anticompetitive conduct, as well as "restore lost competition and prevent a recurrence of the illegal activities" in the market for e-books.
A United States (US) Federal Court judge has approved a US$590 million payment by bank Citigroup Inc (Citi) to settle a shareholder suit that accused Citi of covering up its exposure to "toxic" securities called collateralised debt obligations that were connected to mortgage investments.