Prosecutors at the trial against Gerhard Gribkowsky and six other executives of Bayerische Landesbank said that the charges brought against them is the first to try members of a company management for overpayment in an acquisition deal.
A year ago, President Barack Obama signed an executive order after two failed efforts by Congress to shield U.S. computers from cyber attacks. Cybersecurity is defined as "the body of technologies, process and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access." One year later, experts have said there is little to show from those proposal and legislative efforts.
The wealth management unit of Deutsche Bank in Dubai is currently under investigation by the Dubai Financial Services Authority regarding issues related to violations in the financial regulator's rules, Bloomberg said in a report.
Judge Peter Corrigan ordered that Ford Motor Co to face another trial over pricing concessions filed by around 3,000 dealers. The truck dealers are looking for around $2 billion in damages, Bloomberg said.
