Singapore Orders Falcon Bank Unit Shut Over 1MDB Breaches

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Singaporean monetary regulator has ordered that the local branch of the Swiss bank Falcon Bank should cease operations as a result of its connection to the money-laundering activities of the under-attack Malaysian sovereign fund 1Malaysia Development Bhd. In a statement released on Tuesday, the Monetary Authority of Singapore said it has ordered the closure of […]

Francois Hollande Urges Uncompromising Stance in Brexit Negotiations

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French President Francois Hollande has called on the European Union not to take things easy with Britain in its bid to leave the bloc so as not to set a bad precedence. Hollande said on Thursday that EU leaders need to ensure that the UK is made to pay a heavy price for the decision […]

Judge Rules Scott Tucker, Others Owe FTC $1.2 Billion Over Payday Loan Scam

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Scott Tucker, a professional race car driver, and others owe the Federal Trade Commission (FTC) approximately $1.2 billion after deceiving thousands of payday loan customers, says a Nevada federal judge in an issued judgment on Friday. According to U.S. District Court of Nevada Judge Gloria Navarro, Tucker’s payday loan company harmed many of its customers […]

Bass Pro, Goldman Sachs Consortium to Acquire Cabela’s for $5.5B

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A consortium led by Bass Pro Shops has reportedly reached a deal to acquire rival American outdoor sports gear retailer Cabela’s in a transaction that could potentially interest antitrust regulators. The consortium, which includes the private equity division of Goldman Sachs Group and Capital One Financial Corp, had earlier been reported to have offered an […]