The law firm of one of the lawyers for former UBS AG trader Kweku Adoboli has confirmed in a tweet that an application to obtain a hearing to challenge its client's 2012 fraud conviction over the $2.3 billion trading loss at the bank will be heard today.
Bloomberg said the country of Pakistan experienced several noisy protests and a drop in stock prices after the arrest of 60 year-old Muttahida Qaumi Movement head Altaf Hussain yesterday.
The three-judge panel of the US Court of Appeals in New York has ordered a district judge to review the settlement between Citigroup Inc and the Securities and Exchange Commission to settle claims of investor fraud after the latter rejected it in a 2007 decision, Bloomberg reported.
According to several members of the US Congress, President Barack Obama violated the law that requires the government to inform the legislators about the transfer of five senior insurgent leaders from a Guantanamo Bay prison in exchange for Taliban captive and US Army Sergeant Bowe Bergdahl.
