The U.S. Commodity Futures Trading Commission fined a Russia bank $6 million Monday for executing "fictitious and noncompetitive" Russian Ruble - U.S. dollar futures contracts on the Chicago Mercantile Exchange.
Entries in Commodity Futures Trading Commission (5)
The Commodity Futures Trading Commission (CFTC) filed a civil complaint Thursday in federal district court in New York City charging Deutsche Bank AG with failing to report any swap data for multiple asset classes for five days in April when a software update went wrong and crashed the system.
Regulators in the United States, Britain, and Switzerland penalized five banks $3.3 billion for rigging foreign-exchange benchmarks.
We explained in the prior post that the MRA is a seemingly absolute bar to using settlement money to fund community programs (or anything else, for that matter). After all, the statute is unequivocal: any government official “receiving money for the Government from any source shall deposit that money with the Treasury.” 31 U.S. § 3302(b).
U.S. banking regulators have ordered Deutsche Bank AG to improve its compliance systems and risk controls, the Wall Street Journal reported on Thursday.