Regulation

UBS fined $51 million by Hong Kong regulator for overcharging clients

UBS fined $51 million by Hong Kong regulator for overcharging clients

Published 11/11/2019

HONG KONG (Reuters) - Swiss bank UBS (UBSG.S) was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging up to 5,000 clients [more…]

Some banks slow in implementing Brexit plans: ECB’s Enria

Some banks slow in implementing Brexit plans: ECB’s Enria

Published 11/11/2019

FRANKFURT (Reuters) - European Union banks have put in place all the plans for Brexit but execution is lagging as lenders await the outcome of [more…]

South Korea bans liquid e-cigarettes on army bases

South Korea bans liquid e-cigarettes on army bases

Published 11/11/2019

SEOUL (Reuters) - The South Korean Army has banned the use and possession of liquid e-cigarettes on its bases for health reasons, the military said [more…]

Apple co-founder says Apple Card algorithm gave wife lower credit limit

Apple co-founder says Apple Card algorithm gave wife lower credit limit

Published 11/11/2019

(Reuters) - Apple Inc (AAPL.O) co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker’s [more…]

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

Published 10/11/2019

BENGALURU (Reuters) - A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination [more…]

Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details

Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details

Published 04/11/2019

DHAHRAN, Saudi Arabia/DUBAI (Reuters) - Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float [more…]

Under Armour faces U.S. federal probe over accounting practices: WSJ

Under Armour faces U.S. federal probe over accounting practices: WSJ

Published 04/11/2019

(Reuters) - Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to [more…]

Waymo tests ‘rider only’ service and looks beyond robo-taxis

Waymo tests ‘rider only’ service and looks beyond robo-taxis

Published 01/11/2019

(This October 28 story corrects to remove erroneous reference in paragraph 6 to regulations preventing the use of autonomous trucks) DETROIT (Reuters) - Waymo Chief [more…]

Trump nominates MD Anderson oncologist as U.S. FDA Commissioner

Trump nominates MD Anderson oncologist as U.S. FDA Commissioner

Published 01/11/2019

(Reuters) - U.S. President Donald Trump plans to nominate Dr. Stephen Hahn, chief medical executive of the University of Texas MD Anderson Cancer Center, to [more…]

Desjardins Group data breach hit all 4.2 million members: Quebec finance minister

Desjardins Group data breach hit all 4.2 million members: Quebec finance minister

Published 01/11/2019

MONTREAL (Reuters) - A June data breach that hit Canada’s Desjardins Group has affected all of the financial cooperative’s 4.2 million members, prompting government reforms [more…]