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Justice Department

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  • BEIJING, May 21- A Chinese university denied on Thursday U.S. espionage charges filed against three of its staff who are among six Chinese people the United States has accused of stealing technology often used in military systems. The U.S. Justice Department announced the charges against the six on Tuesday, the third time in as many years that U.S. authorities...

  • AG Lynch: Banks to pay combined $5.6B in FX penalties Wednesday, 20 May 2015 | 10:05 AM ET
    AG Lynch: Banks to pay combined $5.6B in FX penalties

    U.S. Attorney General Loretta Lynch announces the settlements with global financial institutions in connection with long-running manipulation of the Foreign Exchange (FOREX) spot market.

  • LONDON, May 20- Swiss bank UBS said it has settled a probe by U.S. authorities over alleged rigging of currency markets and will pay $342 million to the Federal Reserve. UBS said it would also pay a $203 million penalty and plead guilty to criminal charge with the U.S. Department of Justice, but that relates to manipulation of Libor benchmark interest rates.

  • Wednesday's settlement with the U.S. Department of Justice, the Federal Reserve, and the Connecticut Department of Banking follows a settlement UBS reached six months ago with Swiss financial regulator FINMA, which included a fine and bonus curbs. "The conduct of a small number of employees was unacceptable and we have taken appropriate disciplinary actions,"...

  • Critics hear EPA’s voice in ‘public comments’ Tuesday, 19 May 2015 | 6:48 PM ET
    Gina McCarthy, administrator of the Environmental Protection Agency

    Critics of the EPA say there is a reason the agency saw overwhelming support from its public comments, the NYT reports.

  • DOJ to announce currency manipulation settlement Tuesday, 19 May 2015 | 6:24 PM ET
    U.S. Department of Justice, Washington, D.C.

    Some major bank holding companies are expected to plead guilty to currency manipulation charges and could pay billions in fees.

  • SAO PAULO, May 19- Brazilian planemaker Embraer SA has entered talks with the U.S. Department of Justice aimed at closing an anti-corruption investigation launched in 2010, according to a securities filing on Tuesday. Embraer said an eventual resolution of the matter with the Justice Department could lead to sanctions, adding that it was impossible to...

  • WASHINGTON, May 19- UPS has agreed to pay $25 million to settle some allegations that it submitted false claims to the U.S. government in an attempt to hide late deliveries, according court documents unsealed on Tuesday and released by the U.S. Department of Justice. The federal government as well as nineteen states, the District of Columbia and the cities of...

  • Time to crack down on serial violator banks: Pro Friday, 15 May 2015 | 4:33 PM ET
    Time to crack down on serial violator banks: Pro

    UBS will now plead guilty to rigging foreign currencies along with 4 other banks. Is a crackdown long overdue? With Andrew Stoltmann of Stoltmann Law Offices and Marc Lopestri of Lopresti Law Group.

  • Feds unlikely to block AT&T-DirecTV deal: Report Tuesday, 12 May 2015 | 1:04 PM ET
    A pedestrian looks at a mobile phone while walking past an AT&T store in Washington, D.C.

    Federal authorities are unlikely to block AT&T's proposed acquisition of DirecTV, according to a new report.

  • Judge: Banks misled Fannie, Freddie in 2008 Tuesday, 12 May 2015 | 10:04 AM ET
    A Royal Bank of Scotland (RBS) sign is pictured outside a branch in central London.

    Nomura Holdings, Royal Bank of Scotland mortgage bonds contained misrepresentations in 2008, says judge. New York Times reports.

  • NY banking regulator to issue cybersecurity rules Tuesday, 12 May 2015 | 8:46 AM ET
    Benjamin Lawsky, superintendent of the New York State Department of Financial Services.

    New York's financial services regulator will propose new cybersecurity rules to protect the financial sector.

  • Lumber Liquidators pulls Chinese laminate Thursday, 7 May 2015 | 10:14 AM ET
    Lumber Liquidators pulls Chinese laminate

    CNBC's Scott Cohn reports on Lumber Liquidators latest action as they suspend sales of Chinese laminate flooring made in China.

  • Former controller Kevyn Rakowski and former chief credit officer William North were charged by the Justice Department with making false statements to the Federal Reserve and the Securities and Exchange Commission for allegedly underreporting the number of loans at least 90 days past due in late 2009.. The SEC brought related civil charges against...

  • The U.S. Department of Justice charged former controller Kevyn Rakowski and former chief credit officer William North with three criminal counts of making false statements to the Federal Reserve, and one criminal count of making false statements to the Securities and Exchange Commission. The SEC brought related civil charges against both men, and also...

  • Ex-SEC chairman says another 'flash crash' possible Wednesday, 6 May 2015 | 3:14 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Former SEC Chairman Harvey Pitt says the chances are "high" for a repeat of the 2010 "flash crash."

  • NEW YORK, May 5- JPMorgan Chase& Co said on Tuesday it is in "advanced stages" of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading. The company gave the description of the talks in a quarterly filing with the U.S. Securities and Exchange Commission on Tuesday.

  • Quicken Loans vs. DOJ Tuesday, 5 May 2015 | 8:46 AM ET
    Quicken Loans vs. DOJ

    The Justice Department wants us to admit fraud and we're not going to do that, says Quicken Loans Chairman Dan Gilbert, weighing in on the DOJ's probe of the company and other large lenders.

  • Detroit's road to recovery: Dan Gilbert Tuesday, 5 May 2015 | 8:43 AM ET
    Detroit's road to recovery:  Dan Gilbert

    Quicken Loans Chairman Dan Gilbert, talks about the process of rebuilding the Motor City.

  • Lowe's halting sales of Chinese-made flooring Friday, 1 May 2015 | 5:36 PM ET
    People walk outside a Lowe's store in East Peoria, Ill.

    Lowe's is halting sales of some of its Chinese-made laminate flooring "out of an abundance of caution" as it may have issues with formaldehyde.