• Legg Mason to pay $64 million to resolve U.S. allegations of Libya bribery scheme

    2 monthes ago - By Reuters

    WASHINGTON - Asset management firm Legg Mason Inc has entered into a settlement agreement with the U.S. Justice Department and agreed to pay $64.2 million to resolve allegations it violated anti-bribery laws through one of its subsidiaries in Libya, the department said on Monday.
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  • SEC fines New York firm deVere $8 million over UK pension advice conflicts

    2 monthes ago - By Reuters

    NEW YORK - The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose conflicts of interest to hundreds of clients with UK pensions.
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  • Societe Generale paying $1.3B in fines over bribery, rates

    2 monthes ago - By Chron

    WASHINGTON - One of France's largest banks, Societe Generale, is pleading guilty in the U.S. and paying a $585 million fine for bribing Libyan officials to win government investments. The bank also is paying $750 million to settle U.S. charges of manipulating a key global interest rate.
    The actions were announced by the U.S. Justice Department and the U.S. Commodity Futures Trading Commission. Under an agreement with the Justice Department, Societe Generale will avoid criminal prosecution on charges of manipulating the London interbank offered rate, or LIBOR, and will pay a $275 million...
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  • SocGen agrees to more than $1 billion in fines over Libya, Libor probes

    2 monthes ago - By Reuters

    PARIS/NEW YORK - French bank Societe Generale will pay more than $1 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U.S. authorities said on Monday.
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  • Insurers Will Pay Bulk of Archdiocese $210 Million Settlement Over Clergy Sexual Abuse

    2 monthes ago - By A.M. Best

    Insurers will pay most of the $210 million settlement proposed by the Archdiocese of St. Paul and Minneapolis to resolve claims from about 450 victims of clergy sexual abuse. If approved, it would be ...
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  • SocGen says to pay $1.3 billion to settle U.S., French probes

    2 monthes ago - By Reuters

    PARIS - Societe Generale said on Monday it had agreed to pay around $1.3 billion in penalties to authorities in the United States and in France to resolve investigations into its transactions in Libya and its handling of money market rates.
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  • CFTC orders French bank Societe Generale to pay $475 million penalty

    2 monthes ago - By Reuters

    WASHINGTON - The U.S. Commodity Futures Trading Commission on Monday ordered French bank Société Générale SA to pay a $475 million penalty to resolve charges it manipulated the London Interbank Offered Rate, or LIBOR, and the Euro Interbank Offered Rate, or Euribor.
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  • Societe Generale to pay over $860 million to resolve bribery, Libor manipulation cases

    2 monthes ago - By Reuters

    Societe Generale S.A. will pay over $860 million to resolve criminal charges in the U.S. and France for bribing Gaddafi-era Libyan officials and manipulating the Libor rate, the U.S. Department of Justice said on Monday.
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