Legal & Regulatory
Greenlight for latest Greek bailout tranche given
After completion of prerequisites, the second tranche of the Euro bailout plan for Greece was released.
UBS AG French unit under investigation
UBS AG France is under investigation for its bank practices. (Photo : Reuters)The image is the UBS sign on its corporate headquarters. The French unit of UBS AG has been placed under formal inquiry as part of an investigation started in 2012 over the practices conducted by the bank in France, according to a spokesperson.
China Sanctions Two Brokerages Due to Fraud in IPO Share Listings
Two brokerages were sanctioned after having been found out of helping fraudulent IPOs. (Photo : Reuters)The Chines flag waiving in front of rising business sectors The Securities Regulatory Commission in China will fine two brokerages for helping perpetrate fraud IPOs get listed on the bourse.
US Treasury Suspends Pension Funds
The US Treasury has announced suspension of pension funds to raise its debt limit. The US Treasury announced last Friday the suspension on pension funds payment.