Jan 8, 2015/Bloomberg Honda Motor Co. (7267) agreed to pay a record $70 million in fines and submit to stricter oversight for failing to tell the U.S. government about warranty claims and more than 1,700 injuries and deaths linked to potential defects in its cars. Automakers are required to report […]
Frauds & Scandals
Morgan Stanley says wealth management employee stole client data
Mon Jan 5, 2015/Reuters Morgan Stanley (MS.N) said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online. There is no evidence that clients lost money as a result of the latest breach […]
CBN Revokes Licences of 21 Primary Mortgage Banks
01 Jan 2015/Thisday The Central Bank of Nigeria (CBN) has revoked the operating licences of 21 Primary Mortgage Banks (PMBS) as well as one microfinance bank and directed the Nigeria Deposit Insurance Corporation (NDIC) to commence the process of orderly winding up of the affairs of the affected institutions. The […]
