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UBS Shielded From Charges in U.S. Precious-Metals Probe
UBS Group AG won immunity from criminal fraud charges in a Justice Department investigation into misconduct in the trading of precious metals. The Swiss bank’s main UBS AG unit won’t be charged by the...
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Bank punishment ‘won’t change anything’
Punishments leveled on international banks involved in foreign exchange rate manipulation “won’t change anything,” an attorney said. Five institutions including JPMorgan Chase and Citigroup were fined...
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Hitchhiking robot embarking on coast-to-coast tour across US
With its thumb raised skyward and a grin on its digital face, the robotic creation of two researchers in Canada is about to start a hitchhiking journey across the U.S. The humanoid robot named...
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What We Know About the NSA and AT&T’s Spying Pact
New Edward Snowden documents revealed on Saturday in the New York Times detail a decade-long secret partnership between the NSA and AT&T, which provided the spy agency with metadata on billions of...
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How the Feds Pulled Off the Biggest Insider-Trading Investigation in U.S....
For more than seven years, the U.S. government has relentlessly prosecuted Wall Street traders who used inside information to rake in hundreds of millions of dollars in profits. Federal prosecutors in...
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U.S. job openings fall to eight-month low in August
WASHINGTON (Reuters) – U.S. job openings fell to an eight-month low in August and hiring was little changed, suggesting some easing in labor market conditions in part as the economic recovery ages. In...
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U.S. to seek extradition of ex-HSBC banker
The United States will seek the extradition from Britain of a former HSBC executive accused of participating in a fraudulent scheme involving a $3.5 billion (3.21 billion pounds) currency transaction,...
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The trader known as the Hound of Hounslow pleads guilty in US
The Hound of Hounslow, the trader allegedly at the centre of the 2010 flash crash, has pleaded guilty in a Chicago court to wire fraud and spoofing. Navinder Sarao hit the headlines after he was...
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And the most profitable European bank in the U.S is..
BNP Paribas’ U.S. business was the most profitable among European investment banks in the first nine months of the year, according to first-ever filings by the firms required by U.S. regulators....
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U.S. Moves to Drop Charges Against Ex-Traders in ‘London Whale’ Case
An effort to hold someone accountable for JPMorgan Chase’s loss of more than $6 billion in the so-called London Whale trading scandal is coming to an end, with federal prosecutors in Manhattan moving...
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