Despite the UK's defeat in its initial challenge to the proposed common financial-transactions tax in the European Court of Justice, its Treasury department said that the nation has plans to continue pursuing with its case even after the measure has been implemented, Bloomberg said.
According to an unidentified source, Credit Suisse Group AG and BNP Paribas SA might be prosecuted by US and state prosecutors over claims that they violated state and federal laws.
According to a statement released by the US attorney's office in Brooklyn, money manager Brian Callahan has submitted his guilty plea to wire and securities fraud for running a $96 million Ponzi scheme to fund his lavish lifestyle.
US District Judge Lynn Adelman's recent ruling on the voter ID law in Wisconsion caused the strikedown of the measure, saying that the law on serves the state in terms of preventing voter fraud but ultimately discriminates people who cannot afford to comply with the law's requirement, Bloomberg reported.
