Posted by Connie Huang. HSBC is a bank with locations in Europe. Two branches raided on or about February 18, 2015 by Swiss authorities are located in Geneva. They raided the banks, because the banks are accused of money laundering. Money laundering is “a financial transaction scheme that aims to conceal the identity, source, and …
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Posted by Arleen Frias-Arias. After reviewing an article posted December 16, 2014 by Madeline Boardman for Us Magazine, I found interesting the development of this case. A singer named Mitsou is suing singers and celebrities Beyoncé and Jay Z, for mismanagement and stealing. The Hungarian singer has a song called “Bajba, Bajba Pelem,” which allegedly Beyoncé …
Continue reading “Hungary for Love: The Battle For Copyright Protection”
Posted by Yuanda Xu. On Oct. 30, 2014, Sembcorp Marine’s finance director Wee Sing Guan was sentenced to 39 months in prison for falsifying the accounts of the group’s Jurong Shipyard, Sembcorp’s wholly owned unit. The company lost “hundreds of millions of dollars’ worth of marked-to-market losses that Wee had incurred on foreign exchange and options trades …
Continue reading “Sembcorp Marine Finance Director Sentenced to Prison”
Both sides of the political isle are pressuring the Fed to be more transparent regarding its monetary policy and cease “cozying up” to the banks it oversees. There are several legislative proposals that some prior Presidents of the Fed consider to be a threat to its independence. If any one of them are passed, it would be …
Continue reading “Proposed Legislation Demanding More Transparency from the Fed”
Posted by Arleen Frias-Arias. After reviewing an article posted December 16, 2014 by Madeline Boardman for Us Magazine, I found interesting the development of this case. A singer named Mitsou is suing singers and celebrities Beyoncé and Jay Z, for mismanagement and stealing. The Hungarian singer has a song called “Bajba, Bajba Pelem,” which allegedly Beyoncé …
Continue reading “Hungary for Love: The Battle For Copyright Protection”
Posted by Yuanda Xu. In 2003, Lucent Technologies decided to fire the CEO, COO, Financial Executive and marketing manager in China. Lucent did this because company in China bribed the Chinese officials to get more benefits. As expected, Lucent fired these four people, and paid $2.5 million to settle charges. The company paid a $1 …
Both sides of the political isle are pressuring the Fed to be more transparent regarding its monetary policy and cease “cozying up” to the banks it oversees. There are several legislative proposals that some prior Presidents of the Fed consider to be a threat to its independence. If any one of them are passed, it would be …
Continue reading “Proposed Legislation Demanding More Transparency from the Fed”
Posted by Arleen Frias-Arias. According to NPR News.com, Ocwen Mortgage, who has been tasked by FDIC (Federal Depose Insurance Corporation) and US Department of Treasury to assist consumers that are delinquent in their mortgages, is being sued. New York State’s top financial regulator has launched an investigation into Ocwen’s practices as it turns out they are …
Continue reading “Fake it “Till Ya” Make It : Fraud In The World of Finance”
The High Court rendered an opinion in EEOC v. Abercrombie & Fitch Stores, Inc. The bottom line is unless the employer can show it is unduly burdensome to accommodate a religious practice, it must accommodate the person even if it has a mandatory dress code or other neutrally-applied policy. The employer is required to do so …
Continue reading “High Court Enters Ruling on Headscarf Case”
Posted by Connie Huang. HSBC is a bank with locations in Europe. Two branches raided on or about February 18, 2015 by Swiss authorities are located in Geneva. They raided the banks, because the banks are accused of money laundering. Money laundering is “a financial transaction scheme that aims to conceal the identity, source, and …
Continue reading “HSBC Offices Raided Over Money Laundering Allegations”
