Seven world’s largest banks have announced on Tuesday settling a private lawsuit for $324 million filed in connection with ISDAfix scam. The settlement still requires court approval to get effective. Several other banking giants are yet to settle related lawsuits for the crimes committed during 2009 to 2012.
It is not quite often when news agencies are caught up in controversy for actually reporting a controversial topic. Just yesterday, the Wall Street Journal reported on federal regulators' rejection on several U.S. Banks based on their living wills which were submitted and the story reached the regulators which urged an investigation to kick off earlier today.
Apple Pay and Android Pay are being adopted by banks for use via NFC-equipped ATMS for safe and cardless transactions.
Switzerland's attorney general has seized more than 30 million Swiss francs ($32 million) in a criminal investigation linked to dairy group Parmalat and has charged an unnamed Italian citizen with money-laundering, bribery and forgery.
